From the Desk of Ian Culley @IanCulley

Stock market bulls are scooping and scoring as the Nasdaq Composite, the S&P 500, and the Dow Jones Industrial Average all show green. 

Stocks and rocks should benefit on the heels of renewed rate-cut hopes. 

Today, I’ll outline a name that checks both boxes. 

Spoiler alert: It’s a prime candidate for a short squeeze…

From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on today’s list comes via two Form 4 filings by Sensata Technologies Holding plc $ST director John Mirshekari.

Mirshekari reported a purchase of ST shares with a total value of $10.6 million.

From the Desk of Steve Strazza @Sstrazza

Welcome to The Minor Leaguers.

We've had some great trades come out of this small-cap-focused column since we launched it back in 2020 and started rotating it with our flagship bottom-up scan, Under the Hood.

For the first year or so, we focused only on Russell 2000 stocks with a market cap between $1 and $2B.

That was fun, but we wanted to branch out a bit and allow some new stocks to find their way onto our list.

We expanded our universe to include some mid-caps.

To make the cut for our Minor Leaguers list now, a company must have a market cap between $1 and $4B.

And it doesn't have to be a Russell component — it can be any US-listed equity. With participation expanding around the globe, we want all those ADRs in our universe.

The same price and liquidity filters are applied. Then, as always, we sort by proximity to new highs in order to...

From the Desk of Ian Culley @IanCulley

Stock market bulls are scooping and scoring as the Nasdaq, S&P 500, and Dow indexes all see green. 

Stocks and rocks should benefit on the heels of renewed rate-cut hopes. 

Today, I’ll outline a name that checks both boxes. 

Spoiler alert: It’s a prime candidate for a short squeeze…

Check out the precious metal trading company, A-Mark Precious Metals $AMRK:

A-Mark popped up on our freshly squeezed scan, carrying a 23.6% short interest with ten days to cover.

While AMRK proved an easy short last fall, remaining short-sellers may have outstayed their welcome. AMRK has gained more than 70% since late February. Buyers are now driving prices to the upper bounds of a multi-year range, just shy of a new all-time high.

Buying base breakouts and riding new all-times are two of our favorite trading pastimes. Plus, vulnerable bears provide an added perk as they will likely fuel an explosive rally.

If and when...

Today's trade is in a name that currently sports a 15% short interest which equates to approximately 7 days to cover. This could be significant fuel for a blast off if the current post-earnings momentum propels this stock above 52-week highs.

The countdown to launch is ticking, so lets get involved.

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

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

Let’s dig in!

From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on today's list comes via two Form 4 filings by Eli Samaha, founder and managing partner of Madison Avenue Partners LP.

Samaha and Madison Avenue reported a purchase of $13 million in Theravance Biopharma $TBPH.

It's amazing what price action can do to change sentiment.

We went from frothy optimism just a couple of months ago, to a much more pessimistic environment for investors.

This table below is a great summary of the different gauges we look at to measure sentiment and what they've done over the past month.

The blue diamonds are the current readings and the gray triangles represent where these were a month ago.

I've been writing in recent weeks that the best course of action is to adopt a patient approach and let the tape setup more constructively.

Over the last few days, we've moved a step in the right direction. But equally, the high timeframe trends are still choppy especially with Bitcoin still testing its former 2021 highs. While this recent failed breakdown in Bitcoin could be indicative of the ending stages of this consolidation, we are also in the context of a longer-term sideways chop.

When it comes to Bitcoin, I'd like to see a breakout above 73,000 to confirm a new leg higher. But down the cap-scale, we could be seeing opportunities begin to emerge.

This will be an area of focus later in the week.

Every week, we create a Power Rankings table that lists the market-cap rank of the top 20 cryptocurrencies. This allows us to see the winners and losers as they climb the market-cap ladder.

Crypto markets are on the cusp of another leg lower in price action.

The technical picture paints a rather cautionary story with Bitcoin pressing to new lows.

I want to see crypto markets setup better before looking for longs once again.

What's on your mind these days?

I'll tell you what I'm thinking about.

I'm used to a market where stocks struggle when the US Dollar are US rates are rising. And that's what we've seen all year.

And while the data certainly points to a market of stocks that have been grinding mostly sideways over the past few months, stocks haven't done nearly as bad as you'd think, considering just how strong the Dollar has been and how much rates have risen.

So the question for me is whether these consolidations are going to resolve higher or lower?

And what the implications might be....

A lower resolution here could be a massive tailwind for stocks.

Remember, during Election years, the market...

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.

From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on today’s list comes via two Form 4 filings by Eli Samaha, founder and managing partner of Madison Avenue Partners LP.

Samaha and Madison Avenue reported a purchase of $13 million in Theravance Biopharma $TBPH.

From the Desk of Steve Strazza @Sstrazza

Our Hall of Famers list is composed of the 150 largest US-based stocks.

These stocks range from the mega-cap growth behemoths like Apple and Microsoft – with market caps in excess of $2T – to some of the new-age large-cap disruptors such as Uber and Paypal.

It has all the big names and more.

It doesn’t include ADRs or any stock not domiciled in the US. But don’t worry; we developed a separate universe for that. Click here to check it out.

The Hall of Famers is simple.

We take our list of 150 names and then apply our technical filters so the strongest stocks with the most momentum rise to the top.

Let’s dive right in and check out what these big boys are up to.

Here’s this week’s list:

*Click table to enlarge view

We filter out any laggards that are down -5% or more relative to the S&P 500 over the trailing month.

Then, we sort the remaining names by...

From the Desk of Steve Strazza @Sstrazza

We held our May Monthly Strategy Session earlier in the week. Premium Members can access and rewatch it here.

Non-members can get a quick recap of the call simply by reading this post each month.

By focusing on long-term, monthly charts, the idea is to take a step back and put things into the context of their structural trends.

This is easily one of our most valuable exercises as it forces us to put aside the day-to-day noise and simply examine markets from a “big-picture” point of view.

With that as our backdrop, let’s dive right in and discuss three of the most important charts and/or themes from this month’s call.

From the Desk of Ian Culley @IanCulley

The talking heads are about to call the top in commodities.

It’s coming, so we might as well prepare. 

In fact, it’ll only get louder if the US dollar follows crude’s lead…

Crude oil and the dollar have traded in sync for a few years now (mainly due to the strong positive correlation between the buck and interest rates).

During Q3 of last year, the energy sector rallied with the US dollar while most of the market fell under pressure. 

This relationship has been so strong we actually like swapping bonds for energy stocks in the new sixty-forty portfolio.

But crude oil, interest rates, and the US dollar have rallied for almost four straight months. 

They’re all due for a correction.

Here’s crude oil leading the way, violating a multi-month trendline:

If the dollar tracks lower here, sellers will likely trounce...

From the Desk of Ian Culley @IanCulley

The talking heads are about to call the top in commodities.

It’s coming, so we might as well prepare. 

In fact, it’ll only get louder if the US dollar follows crude’s lead…

Crude oil and the dollar have traded in sync for a few years now (mainly due to the strong positive correlation between the buck and interest rates).

During Q3 of last year, the energy sector rallied with the US dollar while most of the market fell under pressure. 

This relationship has been so strong we actually like swapping bonds for energy stocks in the new sixty-forty portfolio.

But crude oil, interest rates, and the US dollar have rallied for almost four straight months. 

They’re all due for a correction.

Here’s crude oil leading the way, violating a multi-month trendline:

If the dollar tracks lower here, sellers will likely trounce black gold. Energy stocks will follow.

Ding-dong, inflation is dead! 

Which...

From the Desk of Ian Culley @IanCulley

So far, the dollar-yen is playing its part with a little help from Tokyo.

Falling dollar, falling rates, falling dollar-yen…

That’s the mantra reverberating throughout the market. 

But will interest rates get on board?

Check out the US 10-year yield climbing within a four-month channel: 

The 10-year is reacting to the channel’s upper boundary after stalling 25 basis points short of its October 2023 peak. 

Those former highs and rising trading range mark a logical area to witness a near-term pullback.

Plus, interest rates are trending within a broader corrective wave, and momentum is posting a bearish divergence – two data points...