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

1. New position in IBB.
2. No adjustments are needed today.
3. No exits since the last report.
4. Current status of open campaigns.

Let’s dig in!

This is a big deal for me.

Those of you who know me well already know.

Tomorrow is the last day of June. So do you know what that means????

NEW MONTHLY CHARTS!!!!

If you're new around here, I will just tell you that there is NOTHING, and I mean absolutely NOTHING, I do that adds more value to my approach than this process of taking a step back and reviewing a list of Monthly Charts.

It's so easy to get lost in the day to day noise of the markets.... What did the Dow do today? What did the Powell say? Who reported earnings this morning? etc etc...

I have found over the years that it is so important to just stop, take a deep breath, and focus on the direction of the primary trends.

The reason is because asset prices trend. They're not random. We know this. It's just a fact.

The most significant insider buy on today's list comes via a Form 4 filing by Nuvation Bio Inc $NUVB director Xiangmin Cui.

Cui revealed an additional purchase of NUVB shares with a total value of $825,348.

Here’s The Hot Corner, with data through June 26, 2024:

Leviticus Partners LP filed a 13G for Twin Disc Incorporated $TWIN revealing an increase from 4.96% to 5.17%.

Earlier this year, NUVB resolved higher from a bearish-to-bullish reversal pattern. 

Fast-forward to today, and it is consolidating above the breakout level:

As long as we’re above 2.55, the bias is higher.

Stay tuned. We'll be back on Friday with more insider activity.

...

From the Desk of Steve Strazza @Sstrazza

When investing in the stock market, we always want to approach it as "a market of stocks."

Regardless of the environment, there are always stocks showing leadership and trending higher.

We may have to look harder to identify them depending on current market conditions. But there are always stocks that are going up.

The same can be said for weak stocks. Regardless of the environment, there are always stocks that are going down, too. 

We already have multiple scans focusing on stocks making all-time highs, such as Hall of Famers, Minor Leaguers, and the 2 to 100 Club.

We filter these universes for stocks that are exhibiting the best momentum and relative strength characteristics. 

Clearly, we spend a lot of time identifying and writing about leading stocks every week, via multiple reports.

Now, we're also highlighting lagging stocks on a recurring basis.

Welcome to the Short Report.

We...

If your house is anything like mine, you likely have an Amazon truck delivering packages to your doorstep at least once per week. In my neighborhood, the Amazon delivery truck does twice daily rounds. We're on a first-name basis. (His name is Henry).

Those packages have price tags attached to them. You'll find them in your credit card statements. It is likely not an insignificant line item in your monthly budget.

Today, the stock is making a move to fresh all-time highs, breaking out of a high three-month consolidation.

It's time to get involved.

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

1. New position in XRT.
2. No adjustments are needed today.
3. No exits since the last report.
4. Current status of open campaigns.

Let’s dig in!

The most significant insider purchase today is from Control Empresarial de Capitales S.A., which disclosed a $30.8 million acquisition of PBF Energy Inc $PBF shares through a Form 4 filing.

Additionally, the Mexico-based investment firm reported buying 8,264,462 shares of ProKidney Corp $PROK, valued at approximately $20 million.

These are the registration details for our Live Monthly Candlestick Strategy Session for Premium Members of All Star Charts.

This month’s Video Conference Call will be held on Monday July 1st @ 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 Monday evening:

There's plenty of bearish action taking place in the crypto market. Many coins are breaking down and the technicals are carving out topping patterns.

But in the face of this weakness, I emphasize we're still in a longer-term bull market and selloffs like these have been favorable buying opportunities for traders.

Franklin D. Roosevelt: "Comparison is the thief of joy."

Socrates: "Envy is the ulcer of the soul."

Ovid: "Envy, the meanest of vices, creeps on the ground like a serpent."

Seneca: "The envious die not once, but as oft as the envied win applause."

Aristotle: "Envy is pain at the good fortune of others."

Johann Wolfgang von Goethe: "Hatred is active, and envy passive dislike; there is but one step from envy to hate."

Antoine de Saint-Exupéry: "The one who envies, does not really know what he wants."

Alexander Solzhenitsyn: "Our envy of others devours us most of all."

These quotes reflect various perspectives on the nature and impact of envy, from ancient philosophers to modern thinkers.

In the trading world, I don’t think the evils of envy get discussed enough. And in today’s globally connected social media world, it’s a bigger problem than ever.

I suffer from envy.

There, I said it.

I suffer with it in my trading, in my career, and in my personal...

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

1. New position in XME.
2. No adjustments are needed today.
3. Exited XLI at our profit target.
4. Current status of open campaigns.

Let’s dig in!

Just a few months ago in March, it took an investor 34 ounces of Gold in order to purchase 1 Bitcoin.

By last night, that number was all the way down to only 25 ounces of Gold necessary to buy 1 Bitcoin.

Here's what the ratio looks over time. In other words, here's how much "Real Gold" it costs to buy "Digital Gold":

From the Desk of Steve Strazza and Alfonso Depablos

The most significant insider buy on today's list comes via a Form 4 filing by Charles Bartlett Johnson, former CEO of Franklin Resources Inc $BEN.

Johnson bought 200,000 additional BEN shares, equivalent to $4.5 million.

Point72 Asset Management filed a 13G for UroGen Pharma Ltd $URGN revealing an initial stake of 6.20%.

From the Desk of Ian Culley @IanCulley

Precious metals bulls are taking a stand.

It’s easy to overlook following Friday’s selling pressure.

But price is respecting critical support levels for gold, platinum, palladium, and even gold’s crazy cousin.

From the Desk of Ian Culley @IanCulley

Precious metal bulls are taking a stand.

It’s easy to overlook following Friday’s selling pressure. But price is respecting critical support levels for Gold, Platinum, Palladium, and even gold’s crazy cousin.