In today's Flow Show, me and Steve Strazza came out swinging with an opportunity to add to an already winning options trade.

Back in late January, we entered into a bullish longer-term bet in Wells Fargo $WFC. You can read about it here. That original position still has until January 2025 to play out (another nine months).

But take a look at this high & tight flag forming on the eve on their next earning release scheduled for this Friday morning:

To us, this screams an opportunity for an upside resolution happening with the earning report being the catalyst.

Looking into the monthly May expiration options, premiums are not bad for a play targeting a measured move to the $70 area.

Here's the Play:

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

1. New position in ITB (Home Construction).
2. No adjustments are needed today.
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 a Form 4 filing by Castor Maritime.

The global shipping company reported a purchase of roughly $10 million in Eagle Bulk Shipping Inc $EGLE.

The NYSE Oil Index includes the leading companies involved in the exploration, production, and development of petroleum.

This index dates back to 1984 so it's got some history to it.

It also includes a lot of Energy stocks headquartered outside the United States, giving investors a much more global perspective, as the NYSE tends to do.

On Friday, this index closed at the highest price ever.

A brief prefix.

To my knowledge, Ethena's governance token is only listed on exchanges that aren't available to US members. I try to make the majority of all trade ideas accessible to everyone, but I don't want to rule out trades those in other areas of the world will be able to access.

Hope you understand.

Chopsolidation has been the key theme in recent weeks. Crypto markets have been in a process of digesting their recent gains, and now we await the next signal.

Aside from a small number of A+ setups, I'm being patient and giving the market time to consolidate. This seems like the prudent course of action.

Did you see Gold just close at the highest price in history?

This is something we've never ever seen before - Gold closing out a week above $2300/oz.

It's the highest valuation for Gold in its entire history.

This is what that looks like:

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.

The most profitable part of a new market regime is how long it takes most investors to come around to it.

Humans are creatures of habit.

It's not easy to just shift an entire mindset, especially one that was over a decade in the making.

"I'm a Growth Investor"

"There is no reason to invest outside the United States"

"Stocks & Bonds. What are Commodities?"

"Why would I invest in Gold, when I can own more Tech?"

"The government...

Asset prices trend.

We know this for a fact.

The data is available going back over 100 years.

I encourage you to go back and see for yourself.

What you’ll also find is that certain types of trends last longer than others.

When you have an asset or group of assets trending in the same direction all over the world, the profits can be life changing.

From the Desk of Ian Culley @IanCulley

Commodities are hot.

Even the most ardent tech investors can’t avert their gaze from Gold’s eye-catching new highs. 

If you find yourself unprepared, don’t be alarmed. We have a plan…

Buy base breakouts.

Check out coffee futures ripping above a shelf of former highs:

We often joke that catching base breakouts like this gets us out of bed in the morning. (It’s the best part of waking up.)   

The trade setup outlined at the beginning of the year still stands, though the contacts have changed. (May now represents the most actively traded month and our contract of choice. However, it will likely roll to July next week.)

I like coffee futures long above 197 with an initial target of 260. But it wouldn’t surprise me if coffee experiences a parabolic advance...

From the desk of Steve Strazza @Sstrazza

Our Hall of Famers list is composed of the 150 largest US-based stocks.

These stocks range from the mega-cap growth behemoths like Apple and Microsoft – with market caps in excess of $2T – to some of the new-age large-cap disruptors such as Airbnb and Uber.

It has all the big names and more.

It doesn’t include ADRs or any stock not domiciled in the US. But don’t worry; we developed a separate universe for that. Click here to check it out.

The Hall of Famers is simple.

We take our list of 150 names and then apply our technical filters so the strongest stocks with the most momentum rise to the top.

Let’s dive right in and check out what these big boys are up to.

Here’s this week’s list:

*Click table to enlarge view

We filter out any laggards that are down -5% or more relative to the S&P 500 over the trailing month.

Then, we sort the remaining names by...