In today's Flow Show, Steve Strazza and I talked about how this market is setting up to be potentially very problematic for short sellers.

And the most pain will likely be felt in the stocks that currently have a heavy short interest.

With this in mind, the short squeeze pond is where we want to be fishing for long ideas.

In the video above, you can watch how Steve and I developed today's trade idea in Wayfair $W.

From the Desk of Ian Culley @IanCulley

Mining stocks are sticking their breakouts as our list of trending tickers grows. 

The Junior Gold Miners ETF $GDXJ is breaking out, platinum futures are completing a yearlong base, and the silver-to-gold ratio is posting new highs.

With risk-seeking behavior creeping back into precious metals, it’s time to turn up the heat…

Check out the silver/gold ratio printing a fresh six-month high while violating a multi-year downtrend line:

Finally, Silver is bringing it!

I won’t get too carried away by these six-month highs. But it’s a start. 

Trend reversals begin with trendline breaks. The silver-to-gold ratio is piercing a downtrend line drawn from the 2021 peak, signaling the early stages of a bullish reversal while revealing an uptick in risk appetite.

Plus, GDXJ is breaking out!

We have our levels for Gold and Silver, so let’s focus on a mining stock trading at a key area of former resistance.

Here’s McEwan Mining Inc. $MUX, a $500M gold miner based in Toronto, Canada:

MUX is pulling back to a...

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

1. No new positions today.
2. Adjustment to XRT position.
3. Exited ARKK position.
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 Coliseum Capital Partners.

The hedge fund reported a purchase of $908,675 in MasterCraft Boat Holdings $MCFT.

Aaaaaand, we're back!

Look at this squeeze in GameStop happening as we speak.

From failed moves come very fast moves in the opposite direction....

These are the registration details for our LIVE Mid-month Conference Call for Premium Members of All Star Charts.

Our Live Call will be held on Wednesday May 15th @ 6PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.

Here are the details for Wednesday evening:

There's no denying that the trends in crypto have been rather messy over the last few months. Bitcoin and most crypto assets have been consolidating their gains and many cryptocurrencies are either rangebound or trending lower in short timeframes.

From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on today’s list comes via two Form 4 filings by Coliseum Capital Partners.

The hedge fund reported a purchase of $908,675 in MasterCraft Boat Holdings $MCFT.

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.

Months and months are going by with little to no progress at all in the major U.S. Stock Market Indexes.

Just look at the returns by sector since the beginning of March.

The leaders have been Utilities, Energy and Consumer Staples.

The biggest losers are the investors who've owned Technology and Consumer Discretionary.

Here, see for yourself:

From the Desk of Ian Culley @IanCulley

Crude oil is searching for a foothold. Copper is climbing. And gold is clinging to its record high.

Like most of the market, raw materials are weathering the storm with varying degrees of success.

Nevertheless, today’s commodity deck includes plenty of uplifting charts – plus a trade you’ll want to take home over the weekend…

Check out the Water Resources ETF $PHO posting a new all-time high:

JC discussed PHO at the start of 2022 during a Live Strategy Session.

We’ve all navigated twists and turns, picking up our fair share of gray hair. Two years later, PHO is finally moving higher.

These updated levels place the Water Resources ETF roughly 4% above our buy signal. I like raising the entry point...

From the Desk of Steve Strazza @Sstrazza

Our International Hall of Famers list is composed of the 100 largest US-listed international stocks, or ADRs.

We've also sprinkled in some of the largest ADRs from countries that did not make the market cap cut. 

These stocks range from some well-known mega-cap multinationals such as Toyota Motor and Royal Dutch Shell to some large-cap global disruptors such as Sea Ltd and Shopify.

It's got all the big names and more–but only those that are based outside the US. You can find all the largest US stocks on our original Hall of Famers list.

The beauty of these scans is really in their simplicity.

We take the largest names each week and then apply technical filters in a way that the strongest stocks with the most momentum rise to the top.

Based on the market environment, we can also flip the scan on its head and filter for weakness.

Let's dive in and take a look at some of the most important stocks from around the world.

Here's this week's list:

...

From the Desk of Ian Culley @IanCulley

Crude oil is searching for a foothold. Copper is climbing. And Gold is clinging to its record high.

Like most of the market, raw materials are weathering the storm with varying degrees of success.

Nevertheless, today’s commodity deck includes plenty of uplifting charts – plus a trade you’ll want to take home over the weekend…

Check out the Water Resources ETF $PHO posting a new all-time high:

JC discussed PHO at the start of 2022 during a Live Strategy Session.

We’ve all navigated twists and turns, picking up our fair share of gray hair. Two years later, PHO is finally moving higher.

These updated levels place the Water Resources ETF roughly 4% above our buy signal. I like raising the entry point to 65 and the target to 90. 

According to Edwards and Magee’s 3% rule (price closing 3% above a defined risk level), PHO has posted a valid breakout. 

All aboard! 

I love a stock that people hate for reasons that have nothing to do with the stock.

We've seen it so many times before and I promise that we'll see it again.

These days the most amount of anger is being pointed towards Trump Media.

Dig this:

• People hate the company
• People hate the Trump
• People hate SPACs

This checks off all 3 boxes.

I love that!

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

1. No new positions today.
2. Adjustment to XLB 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 James Gorman, executive chairman of Morgan Stanley and director of The Walt Disney Company $DIS.

Gorman bought 20,000 DIS shares, equivalent to $2.1 million.

In yesterday's note we talked about the lack of progress in most U.S. Stocks and Indexes over the past several months.

It's been a frustrating market for some traders.

That's why we've been doing this instead.

Look at the Median stock right now, stuck at the exact same price it was way back in December.

We're now in May:

From the Desk of Steve Strazza @Sstrazza

We love our bottoms-up scans here at All Star Charts. We tend to get really creative when making new universes as we want to be sure they will deliver us the best opportunities the market has to offer.

However, when it comes to our latest project, it couldn't be any simpler!

With the goal of finding more bullish setups, we have decided to expand one of our favorite scans and broaden our regular coverage of the largest US stocks.

Welcome to The Junior Hall of Famers.

This scan is composed of the next 150 largest stocks by market cap, those that come after the top 150 and are thus covered by the Hall of Famers universe. Many of these names will someday graduate and join our original Hall Of Famers list. The idea here is to catch these big trends as early on as possible.

There is no need to overcomplicate things. Market cap is a quality filter at the end of the day. It only grows if price is rising. That's good enough for us.

The bottom line is it is a bull market. We want as many vehicles and options...