Healthcare continues to lead to the upside. While we already have a bullish bet on a sector ETF, it's time for us to drill in a little deeper in search of more beta if this trend is going to continue.

Today's trade is in a name that has been performing great off its December lows and has also been in a longer-term bull market. But only just recently has it begun to outperform against the broader stock market.

Check out this chart of Merck $MRK:

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

1. No new positions today.
2. Adjustment to XRT.
3. An exit in KRE.
4. Current status of open campaigns.

Let's dig in!

From the Desk of Ian Culley @IanCulley

I’m fed up with precious metals. 

I’m tired of all the failed breakouts and the sideways chop.

So, please, spare me the silver-surfer stories about undervalued silver or how it will outperform gold 16-to-1 during the next bull run. 

I’m tired of it – all of it!

But the diehard gold bugs continue to rally the troops – and maybe they’re on to something.

After all, gold is trading less than a hundred bucks from its all-time high. Is there still a chance for a clean breakout soon?

Let’s take a cold, hard look…

From the Desk of Ian Culley @IanCulley

I’m fed up with precious metals. 

I’m tired of all the failed breakouts and the sideways chop.

So, please, spare me the silver-surfer stories about undervalued silver or how it will outperform gold 16-to-1 during the next bull run. 

I’m tired of it – all of it!

But the diehard gold bugs continue to rally the troops – and maybe they’re on to something.

After all, gold is trading less than a hundred bucks from its all-time high. Is there still a chance for a clean breakout soon?

Let’s take a cold, hard look…

Check out gold’s four-year base:

I can’t lie: This is the type of base that gets me out of bed in the morning.

It’s a classic inverted head-and-shoulders with an abbreviated right shoulder. It oozes demand!

Plus, momentum is in a bullish regime. This thing looks ready to rip! 

But I’m over it.

Funny how that works. The markets are here to test us, causing maximum pain whenever possible.

So is the market just wearing me down?

Gold futures are coiling within a well-defined symmetrical triangle just below a...

From the Desk of Steve Strazza and Alfonso Depablos

The most significant transaction on today’s list comes in a Form 4 filing by Aon plc $AON director Lester B. Knight.

Knight reported a purchase of 50,000 AON shares, equivalent to $15 million.

There are a few questions that need to be answered before proceeding as an investor of any timeframe.

These questions apply to longer-term investors, day traders, and everyone in between.

Good morning,

Welcome to your daily crypto clarity

WHAT YOU NEED TO KNOW

Bitcoin has erased its post-ETF losses, with prices hitting 48,000.

The greatest percentage of cryptocurrencies made new highs since the short-term market top in December last year.

Bitcoin spot ETFs have surpassed 200,000 BTC in AUM within their first month of trading.

FEATURED CHART

Here is a daily price chart of Bitcoin making 52-week closing highs. A number of data points pointed to a reset in the consensus bullish positioning and sentiment that had become dominant over the recent months. Now, it appears the 40,000s have become a new floor in this bull market.

WHAT TO LOOK OUT FOR

We want to see Bitcoin hold 46,000 on the upside, but should we see mean reversion manifest from this recent move, we’d anticipate the 40,000s to provide support on the downside.

We’re closely monitoring Bitcoin dominance. As it stands,...

In last week’s letter, we argued that a once-crowded bullish sentiment had cooled down in a bull market reset. We also put forward the case that crypto markets were at an inflection point between capitulation or reacceleration. Over the last week, we’ve seen Bitcoin sharply rally to the high 40,000s, indicating that this period of consolidation is ending with an upward resolution.

From the Desk of Ian Culley @IanCulley

Two of our energy trades from July recently hit new all-time highs. Heating oil also broke out Friday following crude’s buy signal that triggered in January. 

The market is beginning to reward investors for rotating into oil and gas. 

With that in mind, let’s track the next emerging breakout in the energy space.

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 Alfonso Depablos @Alfcharts

As we exit the best three-month period for the stock market, we're looking to our risk appetite indicators to help us determine the next directional move.

The charts below are all excellent tools for helping identify what kind of environment we are in.

During bull markets, investors embrace risk. In bear markets, they reduce their risk.

Understanding and analyzing the balance between defensive and offensive assets helps keep us on the right side of the trend.

Let's get into it:

We're shorting bank stocks now too.

More details on that below.

But first...

Breaking News: "Dow Futures fell 100 points and the VIX rose this Friday on news of new all-time highs for the stock market"

The breadth continues to deteriorate with every week that goes by.

You notice?

You can see it in our trades as well. While the puts on our $SPY and $QQQ haven't started to work yet, the bearish trades on individual stocks are all either working or flat.

It's interesting. What you see in happening in the portfolio, you can also see happening in the market itself.

We saw new all-time highs this week for the S&P500. But we had the fewest stocks in the S&P500 above their 200 day moving average since December. And the fewest above their 50 day moving average since November.

...