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

1. No new positions today.
2. Adjustment to ARKK position.
3. Closed GDX at Profit Target.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

On weekends like this, we're glad to be technicians.

Geopolitical tensions in the Middle East. Rumors flying. Headlines all over the place.

Everyone’s trying to figure out what it all means. What’s next? Who’s in control?

But we're chart guys.

We're not in the business of guessing what politicians will do or how the news cycle will spin. That’s not our edge. That’s noise.

The only thing that matters to us is price.

And the charts are speaking loud and clear.

Money rotates. From one asset class to another. It always has. That’s the game. There are periods for equities. Periods for commodities. Even for bonds.

Right now, this ratio of the S&P 500 vs the Invesco DB Commodity Index tells us something might be shifting.

It’s been quiet—but the signs are there.

That ratio stalled at the same level it did in 2020....

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“You don’t need to take reckless risk. But you do need to stop treating your inner-knowing like it’s a dangerous enemy.”

That line’s been bouncing around in my head all week.

I talk all the time about the importance of having a plan and sticking to it. Because, truthfully, trading without a plan is just gambling with a more expensive costume on. I need a framework — some sense of what I'm trying to do, what I'm risking, and what outcomes I'm aiming for.

Planning is visualizing.

When I build a plan, I’m creating a map of what could happen — the likely, the unlikely, the hoped-for, and the dreaded. Mapping out scenarios helps me prepare emotionally and financially for what may unfold.

But sometimes, the market veers off-script. And in those moments, another voice enters the chat.

It’s not part of the plan.

It’s not in my trade journal.

It’s not even easy to explain.

But it’s real — and it’s been right more...

Welcome back for another Top Down Trade of the Week. 

This one’s a classic leadership scan.

We start with the best sectors, then drill into the subgroups. We pick one, and then take a look at the top stocks in it. 

This week, Technology is the big standout—climbing seven spots in our sector rankings.

While Energy maintains the top spot, Industrials and Communications have also gained ground.

Here is a look at our overall industry rankings, which shows semiconductors jumping into the top 5.

Semis just failed to complete a top relative to the broader market and are now reasserting their leadership.

If this risk-on group is in good shape, then stocks...

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.

Grain markets are showing signs of life.

After a brutal multi-year collapse, many major agricultural contracts are starting to perk up. 

The short-term and intermediate-term trends are beginning to point higher. 

Momentum is entering a new bullish regime. 

And participation is expanding.

We’ve already outlined bullish setups in the futures for Corn, Soybeans, and Soybean Oil. 

These contracts have been carving out bottoms, and they're starting to resolve higher from well-defined bases. 

Now, we're seeing more of the same.

The short-term strength is hard to ignore.

The major averages were lower this week, but it was still a win for the bulls.

Here’s why…

Since the market bottomed over two months ago, the best stocks have been the riskiest ones.

Of course, I’m talking about the impressive leadership from speculative growth.

We’ve seen this story before, though. We’ve actually already seen it several times in the current cycle.

Speculative tech was an area of standout leadership during the Q4 2023 rally.

The space also outperformed in a major way during the post-election ramp-up coming into the year.

But the momentum and relative strength didn’t last in either of those cases…

I think this time is different…

And the relative trend between the flagship ARK fund and the S&P is a big reason why:

Today's trade is in a name that specializes in 3D geolocation technology, offering positioning, navigation, and timing (PNT) solutions—especially in situations where traditional GPS fails.

And I think it's got all-time highs in it's sights.

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

1. New position in ITB.
2. No adjustments are needed today.
3. Closed XHB at Profit Target.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

I don’t know if you heard, but the FIFA Club World Cup is playing out across the U.S. this month.

The best teams from every country are here—Real Madrid, Manchester City, PSG, Flamengo, Al Ahly, Boca Juniors, and River Plate.

For those who like soccer, it’s a great time to enjoy.

Yesterday, Inter Miami made history—becoming the first club from the US to defeat a European team in an official FIFA tournament.

And of course, Messi delivered. He scored a ridiculous goal to win the match and reminded everyone why he’s in a league of his own.

These players are different. Like Jordan in basketball, Tiger in golf, or Brady in football—when they show up and carry the team, everything changes. The odds tilt in your favor.

Same thing happens in markets.

We think of semiconductors as the Messi's of this game. These are arguably the most important companies on the planet. They power the global economy and carry major weight in the...