Recently, I've flipped to a higher conviction bullish view. I'm of the belief this last leg lower purged a great deal of longs from the futures market, of which provides us fertile grounds to build a new trend.

In the short-term, I still think the crypto market will be messier for longer even as Bitcoin rallies to new highs.

Ethereum and the S&P 500 are both running up to a logical level of resistance.

Investors continue to be rewarded for owning Real Estate stocks.

Over 90% of Real Estate stocks in the S&P 500 are above their 50-day and 200-day moving averages.

Earlier this month, we wrote about the best setups in the Real Estate Sector, and 9 out of the 10 trade ideas have been profitable.

The market's message could not be clearer... buy more real estate!

Because of this, we were extra excited about a new name on our Freshly Squeezed list this week.

Short sellers have piled into Douglas Emmett $DEI, a $2.7B Office REIT company, and we're betting they're about to be forced to unwind their positions, causing an epic squeeze.

Before we get into it, let's talk about what we're doing here.

Our scan is quite simple. It is designed to identify stocks with the most aggressive short positions.

When a stock is shorted, it means incremental buyers are waiting in the wings to close out their bearish bets.

We love this, as new buyers are the one true catalyst for higher prices.

When shorts are proven wrong, they become buyers of the stock. In...

I just want to give Warren Buffett a huge shoutout.

Officially, Berkshire Hathaway is now worth over $1 Trillion.

The only companies that are still worth more than Berkshire right now are Apple, Microsoft, Alphabet, Meta, Amazon and Nvidia.

Check out our LIVE Nvidia Earnings Reaction Replay here.

But that's it. Berkshire is officially the 7th largest company at over $1 Trillion in valuation.

Here's how the market-cap of Berkshire has grown over the years.

You can see the 10X return over the past 15 years or so since the Great Financial Crisis.

But why is this?

What's in Berkshire that's so special?

It's a ton of Financials and Industrials.

In fact, Berkshire Hathaway is...

Here's the replay and chartbook from today's stream. 

Note that we do these videos live every Thursday at 11 a.m. ET, and I answer questions in the chat room. Be sure to join us and maximize your return potential.  

The most significant insider buy on today’s list comes via a Form 4 filing by Control Empresarial de Capitales S.A. de C.V.

The investment company reported a purchase of PBF Energy Inc $PBF shares with a total value of $8.7 million.

Here’s The Hot Corner, with data from August 28, 2024:

Hey everyone. If you caught our livestream this afternoon at the close, you saw the earnings trade I put on for $NVDA using options.

If you didn't watch us live, then you missed the trade, and it's too late now. No biggie. You can skip the rest of the note.

If you did watch, and either you're watching from the sidelines and interested in how it plays out, or you did take the trade, read on. We'll discuss how I'm going to handle the exit tomorrow morning.

As a reminder, this afternoon, we put on a put ratio spread (1 x 2) in $NVDA Aug 30 (weekly) options. We sold short one 125 put and purchased two 115 puts for a net credit of $1.15, right at the last minute before the closing bell.

The PnL graph of this trade looks like this:

As of the time of this writing (7:30ET), here's a one-minute chart of $NVDA since the market closed at 4pm ET (2pm MT on this chart):

As you can see, so far, it...

In today's Gold Rush video, we discussed our outlook for a new secular bull market in the yellow metal.

We also covered Commitment of Traders positioning, mining stocks, and much more.

We dug into our latest blog post as well, providing some much-needed color.

We covered Gold vs. Commodities, the best risk/reward setups in precious metals stocks, and more.

Here's the video:

We just saw the most important company in the world drop what is arguably the most important earnings release in market history.

And right after the release, it was a complete nothing burger.

I said it before and I'll say it again. That's the best case scenario for investors. And it paid to sell into the hype.

Here is a LIVE video we put together today discussing the importance of this release, and more importantly talking what we're doing about it!

The answer? We're zigging while everyone else is zagging.

We were coming in selling into the hype. Here was the 14-point expectation that the market was pricing in.

And after the release, it has remained well within that range.

Our main focus has been on finding the NEXT nvidia.

Here is the 2-to-100 Club Special to join us in consistently looking for the next Nvidia every single week.

These are very specifically, the...

From the Desk of Steve Strazza @Sstrazza

Welcome to The 2 to 100 Club.

In this scan, we look to identify the strongest growth stocks as they climb the market-cap ladder from small- to mid- to large- and, ultimately, to mega-cap status (over $200B).

Once they graduate from small-cap to mid-cap status (over $2B), they come on our radar. Likewise, when they surpass the roughly $30B mark, they roll off our list.

But the scan doesn't just end there.

We only want to look at the strongest growth industries in the market, as that is typically where these potential 50-baggers come from.

Some of the best performers in recent decades – stocks like Priceline, Amazon, Netflix, Salesforce, and myriad others – would have been on this list at some point during their journey to becoming the market behemoths they are today.

When you look at the stocks in our table, you'll notice we're only focused on Technology and Growth industry...

All eyes on Technology today, with $NVDA reporting earnings later this afternoon.

But I'd like to add some different perspective than what you might here on twitter or perhaps on these basic cable networks that no one watches anymore.

There's a reason people keep coming to us for answers.

First of all, let's keep in mind where Technology even is relative to where it's been.

This underperformance we've seen from Large-cap Tech started as soon as it hit the March 2000 highs relative to the S&P500.

It took Technology over 24 years just to get back to where it was at the peak of the dot com bubble.

And that's where we sit today (they won't show you this chart on basic cable):

The most significant insider purchase on today's list comes via a 13G filing by Biglari Capital Corp.

The private investment firm announced that it has raised its ownership stake in El Pollo Loco Holdings $LOCO from 13.50% to 14.99%.

Jerry Jones has made another purchase of Comstock Resources $CRK shares, this time investing a total of $19,395,165.

Here’s The Hot Corner, with data from August 27, 2024:

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

1. No new positions today.
2. Adjustment to XLP position.
3. No exits since the last report.
4. Current status of open campaigns.

Let’s dig in!

The fact that Intel is still in the Dow Jones Industrial Average is a joke.

Intel became one of the first 2 companies that trade on the Nasdaq to be included in the Dow. That was way back in 1999 (Microsoft being the 2nd one).

But that was 25 years ago.

Times have changed.

And yet, despite the criminal underperformance from Intel since then, the Dow Jones Industrial Average closed yesterday at another NEW All-time High:

From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts

Welcome to the Hot Corner Insider Weekly Report!

As you know, we spend a lot of time tracking insider activity to come up with this universe.

But that’s only half the battle!

Once we identify the names insiders are targeting, we overlay our expert technical analysis to see if the market agrees with their actions.

While we track some of the most powerful and well-informed market participants… we aren’t just going to follow them blindly into their trades.

We want to see that the insider activity is confirmed by the trend before we get involved. 

When we can check both boxes, we identify asymmetric risk/reward setups and then jump in and ride these trends higher alongside the smart money.

Let’s get...

The most significant insider purchase on today's list comes via a Form 4 filing by Abdiel Capital LP, which revealed a purchase of roughly $4 million in Appian Corporation $APPN.

CFO John R. Rettig bought 21,124 shares of Bill.com Holdings Inc $BILL, equivalent to roughly $3 million.

Here’s The Hot Corner, with data from August 26, 2024:

Gold has not only been shining in absolute terms but is also dramatically outperforming the broader commodity complex.

While energy chops around in a multi-year range and cattle carve out a distribution pattern, the glittering ore refuses to quit printing new all-time highs.

This $NVDA earnings release on Wednesday gives Wall Street a look inside the largest component of America's most important industry.

Thousands of Traders have already signed up and downloaded our Special $NVDA Earnings Preview.

You guys know me. I don't normally overreact when it comes to quarterly earnings.