Bitcoin is up +17% this month.

The action down the cap scale is looking awfully reminiscent of an altcoin season.

These things are pumping.

So I'm sure you're asking the question.

Is it finally time to once again begin YOLOing these cryptos?

Below is the 7th ASC Mastermind Lab Course. These are special videos that will be made available throughout the duration of the 12-week course featuring conversations with professionals from across Wall Street discussing topics in their expertise. 

In our last Mastermind Lab, I spoke with Jason Perz about the relationship between bonds, commodities, and currencies. This time, I wanted to bring the conversation back to the stock market. Enter Todd Sohn, ETF & Technical Strategist at Strategas Securities.

Todd and I discussed the ETF market at length, how it's evolved in recent years, and its future. We also discussed a variety of different intermarket analysis techniques that incorporate ETFs.

I hope you enjoy my conversation with Todd Sohn.

Shoutout to my boy Kenny Glick. He's the man. And I feel like I'm channeling him a bit today. I recently saw him talking about how he's getting into a trade in a name that has failed on him so many times in the past. Yet, when there's a favorable setup, he has to step up and take another swing -- even though he's seen this movie before.

I'm going to do something similar today in a crypto miner. I've been beaten time and time again with these things. But one of these times it's got to work! Why not today?

Please forgive my tirade at the beginning of this episode about my short $MTB trade. I had to defend my honor... 

But after that, me and Strazza get into the setup in MARA Holdings $MARA and how we arrived at what might seem to a lot of you (me too) a pretty high risk, but potentially huge reward trade:

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

1. No new trades today.
2. Adjustment in ITB today.
3. Exited XRT at profit target.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

Bitcoin is moving this week and is already working on a breakout to new all-time highs.

Amazon reports earnings this Thursday, and is also attempting to break out above its prior cycle's peak to go on to new all-time highs.

Apple already broke out above its 2021 top, and has already been making new all-time highs for months. 

Apple's breakout and extension to new highs, in my opinion, is setting the stage for Amazon and Bitcoin to do the same.

Despite bond yields and dollars screaming higher and reaching overbought conditions, stocks and precious metals rallied during what is historically the worst time of the year. 

During a bad seasonal period, junior gold and silver mining stocks had their best week since 2020, and silver printed fresh multi-year highs.

The bulls' ability to maintain control during a historically weak period speaks to the strength and resilience of this market.

Let's talk about the demand we're seeing for precious metals around the world and a few of our favorite trade ideas right now:

I'm continuing my recent theme of portfolio diversification today with another short position, this time in a stock that should be performing well heading into Halloween and holiday season -- but isn't.

In fact, the chart looks like its got a lot of room to fall if their upcoming earnings report disappoints.

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 25, 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.

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

1. New trade today in USO.
2. No adjustments are needed today.
3. Exited XME position.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

This is NOT a political post.

So if you're one of these sensitive types who is just too mentally weak to put your politics aside when making decisions about the market, then you're in the wrong place Karen. 

For those of you who can be adults and actually focus on data and facts, here are some thoughts that might help you put the next couple of weeks in perspective.

At this point, I think it's pretty clear that the market has fully priced in a second trump presidency.

Here's a look at the betting markets showing the red line (trump) moving very aggressively to the upper right of the chart, while the blue line (harris) has been moving to the lower right of the chart.

We're beginning to emerge from the crypto bear market, and I can see a glimmer of light ahead.

The possibility of Bitcoin reaching 100,000 feels real.

I think now is the moment to prepare yourself.

The best 3 month period of the year begins this week.

We know this.

But to me, the bigger question is how stocks did during what is historically the worst time of the year?

Remember how September and October are supposed to be terrible for stocks?

Well they weren't.

In fact, stocks rallied during September and October. All the major U.S. indexes were up.

Now we enter the Best 3 months: November - January. 

Here's what that looks like: