[12/4: updated stop to 250]

It feels like whatever items have been holding the broader markets back are falling by the wayside one by one, clearing the path to the next leg higher in this bull market.

And with volatility (as measured by $VIX) making new yearly lows, it's getting more affordable to make a bullish play with simple long call option trades.

So we're going to do just that!

We had a resting GTC order filled at our profit target in the Paid-to-Play portfolio today:

We've adjusted a position in the Paid-to-Play portfolio today:

The largest insider buy on today's list comes in a Form 4 filing by Grocery Outlet Holding Corp $GO director Erik D. Ragatz.

Ragatz revealed the purchase of 70,000 shares of GO.

From the Desk of Kimmy Sokoloff

It was a short week in the market, and the indices are making new highs this morning.

The past few Fridays have been bullish, so we'll see if we hold these pre-market gains.

From the Desk of Ian Culley @IanCulley

US interest rates have churned within a tight range for months. 

Remember: Sideways is a trend. 

While intermarket evidence suggests a breakdown in yields, they simply refuse to roll over.

It makes perfect sense when we zoom out…

Rates are in a well-defined structural uptrend!

Check out the US 30-year Treasury yield overlaid with live cattle futures:

They look almost identical as both exhibit the classic base-on-base formation – one upside resolution followed by another.

To be clear, I’m not proposing a grand thesis regarding a strong positive correlation between long-duration rates and live cattle futures, or what the next directional move in live cattle and rates mean for AI stocks (though I haven’t dismissed the idea).

Instead, I’m simply observing the trend that began in early 2020. 

I chose to place live cattle futures on the chart for effect – a...

From the Desk of Kimmy Sokoloff

Wow, what a way to start the month of June.

The market was full speed ahead.

We've adjusted a position in the Paid-to-Play portfolio today:

The largest insider buy on today's list comes in a Form 4 filing by CNX Resources Corporation $CNX director Bernard Lanigan Jr.

Lanigan revealed a purchase of 137,835 shares of CNX.

From the Desk of Kimmy Sokoloff

Happy June! Welcome summer!

The market as of now is a little mute after the signing of the debt ceiling deal.

$SPY held support yesterday at 416.70.

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 June 5th @ 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:

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 The Hall of Famers, The 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.