From the Desk of Ian Culley @IanCulley

The wait is over.

Goldbugs, rejoice.

Silver has finally found its dancing shoes!

Will it stop there? No one knows. 

But, based on last week’s price action, gold’s crazy cousin may have slipped into party mode…

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

1. Any new position added today
2. Adjustment made to an existing position (if any)
3. Any exits since last report
4. Current status of open campaigns.

Let's dig in!

From the Desk of Ian Culley @IanCulley

The wait is over.

Goldbugs, rejoice.

Silver has finally found its dancing shoes!

Will it stop there? No one knows. 

But, based on last week’s price action, gold’s crazy cousin may have slipped into party mode…

Check out silver bouncing higher relative to gold:

The entire precious metals space – and interested bystanders worldwide – have eagerly awaited such a display of relative strength.

Why?

Silver outperforming gold indicates a burgeoning risk appetite for these neglected rocks. Precious metals of all colors and densities benefit from increased flows into silver-related assets.

It’s a risk-on gauge for precious metals. Now, the question turns to whether gold will complement silver’s advance.

Both metals were higher Tuesday, as gold nears a critical shelf of former highs at approximately 2,016:

That’s our level.

The path of least resistance points toward the former all-time highs if and when gold breaks above the October peak.

It remains a sideways mess until a decisive upside resolution.

Yes, goldbugs have plenty to...

From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on today’s list comes in a Form 4 filing by JANA Partners Management LP.

The investment firm reported a purchase of $8,685,692 in Mercury Systems $MRCY.

Last night was our LIVE Mid-Month Strategy Session. It was probably one of the most important Live Conference Calls we've ever held.

It's odd because we're in the middle of a raging bull market, but it feels that almost no one is participating in it.

Just look around. Over the past 18 months people have told me how crazy I am for buying stocks. But you know, it's been really rewarding buying stocks.

It's the selling of stocks that has generally not worked out very well for investors.

But what do we do now, as we enter the early stages of the most bullish time of the year?

This is the video recording of the November 2023 Mid-month Conference Call.

From the Desk of Steve Strazza @Sstrazza

Welcome to our latest Minor Leaguers report.

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...

From the Desk of Steve Strazza @sstrazza and Alfonso Depablos @Alfcharts

This is one of our favorite bottom-up scans: Follow the Flow.

In this note, we simply create a universe of stocks that experienced the most unusual options activity — either bullish or bearish, but not both.

We utilize options experts, both internally and through our partnership with The TradeXchange. Then, we dig through the level 2 details and do all the work upfront for our clients.

Our goal is to isolate only those options market splashes that represent levered and high-conviction, directional bets.

We also weed out hedging activity and ensure there are no offsetting trades that either neutralize or cap the risk on these unusual options trades.

What remains is a list of stocks that large financial institutions are putting big money behind.

And they’re doing so for one reason only: because they think...

Me and Steve Strazza were kicking around ideas today on the Flow Show. And one solid idea we landed on was $IBM.

Good 'ole Big Blue looks like it wants to take on a shade of green.

We're getting involved!

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

1. Any new position added today
2. Adjustment made to an existing position (if any)
3. Any exits since 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 in a series of Form 4s filed by the chairman and CEO and two directors of B. Riley Financial $RILY.

Between the three of them they made RILY purchases worth a combined $955,293.

Technology as a sector just closed at a new all-time high.

In other words, half the Nasdaq's weighting is at a new high. In the S&P500, Tech represents close to 1/3 of the index.

Are you going to make the bet that the one on the bottom is not going to follow the one on top?