[9/7: stop updated to 52. We already sold half our calls for profits at our target as mentioned below, so we're a guaranteed winner here!]

I'm traveling throughout Southeast Asia -- to eight different countries -- with my All Star Charts analyst Steve Strazza, giving presentations at local Chartered Market Technicians (CMT) Association events, meeting local traders, enjoying native cuisines, and just marveling about the similarities we traders from different corners of the world all share.

So for the rest of the month of July, I'm going to cut the preamble and get right to the action for you guys.

As such, here's the trade I'll be putting on today:

Me and Steve Strazza are currently aboard an airplane to Singapore for the beginning of our 21-day trip throughout Southeast Asia.

We're headed there to meet traders, chartists, and locals to learn how others approach risk.

And one thing that is on my mind is: "Where are we going to stay?"

This feels right as today's trade of the day often answers this question for many travelers.

If it can't rally in this market, what happens if the market pauses or pulls back?

I was looking for a good short exposure candidate to balance out my portfolio a little bit and I came across this bearish idea the team published this week that makes a lot of sense for a quick hit if we get it right.

[11/16: stop updated to 32]

If it ain't broke, don't fix it.

We've been witness to many charts, that look like today's setup, breaking out and turning into big winners in recent months. And with very few signs of this current bull market running out of steam, we think there will be many more repeats of these profitable patterns in the weeks and months ahead.

And cheap options premiums continue to make it advantageous to play these moves simply with long calls.

Strazza has been pounding the table on DraftKings for a couple weeks now and today's trading action has me convinced that the time is right to get involved.

First, the chart:

While the bull market in U.S. Stocks continues to be discovered by all the latecomers here in the States, the strength in International stocks continues unabated. Some of the strongest moves have been happening beyond our shores.

Today's trade leverages cheap options volatility for an attempted run back towards all-time highs and beyond.

Big cap tech has gotten all the attention in this current bull market rally, and deservedly so. There have been some truly massive gains there.

But as we know from history, the lifeblood of sustained bull markets is sector rotation. And we're seeing smaller caps begin to play catch up to their big brothers.

Today's trade is in a software name that has quietly been rallying since getting wrecked after a disappointing earnings report last November.

But with a bullish reversal pattern off those November lows, we feel the time is right for this quiet rally to get loud.

That company is still a thing? I thought the iPhone killed it? ~ JC during The Morning Show on 6/15/23

Yep. Today's trade is a play on a stock in a company we were all kind of surprised still exists, and even more surprising that is doing well!

Upon further digging, we learned the company has handled the pivot away from online maps for car drivers into things like GPS for boats, golfers, and wearables!

We may have stumbled upon an underpriced opportunity, one that must be off the radar of most traders because it's practically jumping off the screen at us.

It's an international banking name with speculative exposure to China, yet the DNA of old-money British aristocrats.

And we're breaking out today!

Here's a recent chart of HSBC Holdings PLC $HSBC:

What you don't see on this chart is $HSBC breaking out above that resistance level today. As I type this, the stock traded as high as $39.14.

[12/4: updated stop to 107]

We've been talking a lot lately about the number of stocks setting up to play "catch-up" to this bull market that is only just now starting to get the attention it deserves, in spite of it being nearly 8 months old now, by our measures.

Today's trade is in another one of these setups that continue to work for us ($CAT and $IWM are great, recent examples).

I have a feeling there will be a large segment of the trader population that hates this trade. And that is precisely why I think it has a good chance of working.

It's Friday. It's late in the day. I won't waste your time with a long preamble. Let's get right to it.

As the bull market in stocks continues, the lifeblood to keep the ball rolling is sector rotation.

We're already seeing some of the big caps that have driven the first leg of this run start exhibiting signs of overexertion (check out $GOOG today).

It makes sense to us that stocks further down the cap scale are going to start asserting themselves and perhaps in some cases play "catch up" to their big brothers.

Today's trade is in a cyclical name in the Logistics space.