On today's Flow Show, Steve Strazza and I discussed the two different markets we are each experiencing. He's experiencing one of great breakouts and follow-through. I'm experiencing one of frustration.

Same stock market, different results. That is information. We get into it.

This bull market appears to be on the verge of another leg higher and it might be led by the financials. We both liked the idea of finding alpha down the cap scale in smaller regional banks to participate.

Here's a daily chart of U.S. Bancorp $USB:

Today, the stock is printing fresh 52-week highs. 

However, it should be noted that U.S. Bancorp announces earnings before the market opens tomorrow. This introduces binary risk that we need to be aware of and this will affect my position sizing (hint: trading smaller than I normally would).

But we're not going to let earnings keep us away. We feel it could be just the catalyst this stock needs to follow through on this breakout and make a run at $60 per share, or higher.

Here's the Play:

I like buying $USB March 50 calls for approximately $2.30 per...

In today’s Daily Digest, we’ll review the following:

1. No new positions today.
2. Rolled KRE into December options.
3. Exited GDX for a profit.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

From the Desk of Steve Strazza @Sstrazza.

Welcome back to Under the Hood, where we'll cover all the action for the two weeks ended October 11, 2024. This report is published bi-weekly, in rotation with The Minor Leaguers.

What we do here is analyze the most popular stocks during the week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.

We use a variety of sources to generate the list of most popular names.

There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: a list of stocks that are seeing an unusual increase in investor interest.

Click here for a behind-the-scenes look at our process.

Whether we’re measuring increasing interest based on large institutional purchases, unusual options activity, or simply our proprietary lists of trending tickers, there’...

Earlier this year we wrote about platinum futures gearing up for a breakout as gold futures were printing fresh all-time highs.

So far the trade has been a dud as the price action has been a rangebound mess.

But the former powerhouse is setting up for us to take another swing at it.

Let's talk about the little silver:

From the Desk of Steve Strazza @Sstrazza

What's better than a Bitcoin miner short squeeze?

Some of our best trades have come from these stocks as they can make dramatic moves in both directions.

Our crypto desk recently wrote "it appears this seven month bear market is reaching its concluding stages." 

With that in mind, what're we buying?

We're buying a leader in the crypto mining industry with a double-digit short interest and warrants to juice our returns even more.

Let's talk about it:
 

...the higher in space.

Today's trade is in household name that is emerging from a 3-year base and on the verge of new all-time highs.

Due to earnings on the horizon, we'll be utilizing a spread to keep our costs in check and take advantage of some relative high options premium in out-of-the-money calls.

In today’s Daily Digest, we’ll review the following:

1. New position in GLD.
2. No adjustments are needed today.
3. No exits since the last report.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

As I've been writing about for some time now, it appears the crypto bear market is concluding.

We're in a bull market in traditional assets and stocks are still pressing higher.

I'm still bullish looking ahead in the coming months and quarters, but neutral in the short term as Bitcoin trades sideways in anticipation of a breakout.

With the Dow Jones Industrial Average hitting new highs every week, the question remains: What about the Trannies?

When you study every market cycle going back over 100 years, you'll notice that the Dow Industrials and Dow Transports move together. 

They go up together for a while, and then they go down together for a while, and then up again, and the cycles repeat.

In this bull market, the Dow Industrials broke out towards the end of last year and have been making new all-time highs throughout all of 2024. 

But the Dow Transports have not....

This is the weekly post that aggregates all the charts we put together throughout the week and organizes them all into one, easy to flip through deck.

The worst humans on the planet have been promising you for years that this was just a "bear market rally".

They warned you every day about some made up catastrophic event that was going to occur at any moment.

But these people are not that dumb.

They were just lying to you.

Are you noticing?

Here is the S&P500 hitting new all-time highs along with the equally-weighted version of the S&P500 ALSO hitting the highest levels in history.

These are only things you see in healthy market environments.

The S&P500 on both a market-cap weighted and equally-weighted basis making new all-time highs every week is NOT something you see in bear markets.

But how long will this bull market last?

Does it still have more room to run?

Well, the Dow Jones Industrial Average - the world's most important stock market index - looks to be starting a new leg higher after breaking through its first target:

After seeing all of this above, are you willing to make the bet that this bull market ends before these monster bases shown below complete to the upside?

Look at the Dow Transports and S&P600 Small-cap...