In the early stages of my Wall Street career, it was cool being a Gold Bug.

All my heroes were Gold bugs.

I learned in the early 2000s that pricing assets in Gold helped put market trends into context.

The Dow/Gold ratio was the ultimate Gold Bug Chart at the time.

You can see the Dow/Gold ratio here plotted in black, compared to the Dow Jones Industrial Avg itself overlaid in green.

From the Desk of Steve Strazza @Sstrazza

Welcome to The 2 to 100 Club.

As most of you know, we use various bottom-up tools and scans to complement our top-down approach.

It's really been working for us!

One way we're doing this is by identifying the strongest growth stocks as they climb the market-cap ladder from small- to mid- to large- and, ultimately, to mega-cap status (over $200B).

Once they graduate from small-cap to mid-cap status (over $2B), they come on our radar. Likewise, when they surpass the roughly $30B mark, they roll off our list.

But the scan doesn't just end there.

We only want to look at the strongest growth industries in the market, as that is typically where these potential 50-baggers come from.

Some of the best performers in recent decades – stocks like Priceline, Amazon, Netflix, Salesforce, and myriad others – would have been on this list at some point during their journey to becoming the market...

From the Desk of Ian Culley @IanCulley

Last week’s tactical setups are heading toward our targets as G10 currencies lose ground against a rising dollar.

If you let the pound or kiwi trade pass, fear not.

The US dollar/Canadian dollar pair is entering our wheelhouse…

Check out the greenback-loonie challenging a key retracement and former resistance level at approximately 1.36:

I placed a stop order above last Friday’s high of 1.3606. 

A decisive upside resolution above that level puts the USD/CAD in play with a target of 1.3850.

If my order fills, I’ll play this one tight since the dollar-cad trades in the middle of an eighteen-month range. 

I’ll...

From the Desk of Steve Strazza and Alfonso Depablos

The most significant insider transaction on today’s list comes in a Form 4 filing by RA Capital Management.

The investment firm reported a purchase of $13.2 million in ARS Pharmaceuticals Inc $SPRY.

This is the video recording of the March 27, 2024, Hot Corner Insider Weekly Strategy Session.

We put on a bullish bet in biotechs a couple of weeks ago and it quickly rolled over on us. The market had other ideas.

Now here we are, a couple of weeks later, and the biotech ETF $XBI finds itself mired in a range with rising implied volatility signaling elevated options premiums:

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

1. New position in XLK today.
2. No adjustments are needed today.
3. No exits since the last report.
4. Current status of open campaigns.

Let's dig in!

There are 3 big divergences right now that I think we want to keep a close eye on.

The first ones comes straight from Papa Dow.

We're looking at a classic Dow Theory Divergence between the Dow Jones Industrial Average and Dow Jones Transportation Average.

We've seen these sorts of things before major market tops. You saw it in 2000, you saw it in 2008, you saw it in 2015 and you saw it in 2020.

In this particular case, you're seeing new highs from the Dow Industrials but lower highs in the Transports:

From the Desk of Steve Strazza and Alfonso Depablos

The most significant insider transaction on today’s list comes in a Form 4 filing by Erik D. Ragatz, director of Grocery Outlet Holding Corp $GO.

Ragatz reported a purchase of roughly $1 million in GO shares.

Bitcoin and Ethereum persist in testing their high timeframe resistance levels, yet the true gains unfold amidst the speculative end.

What was once the world's largest company by market-cap has lost half a trillion dollars in value, in what feels like a split of a second.

Boy was that was fast.

Half a Trilly. Gone. Just like that.

So just to put things in perspective, for those of you who might not realize how much money that amounts to, there are only 13 companies on the planet worth over half a trillion dollars.

Apple lost half a trillion in value in just a few months.

Here it is making new 28-month lows today relative to the S&P500:

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 April 1st @ 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:

 We've built a proprietary scan that notifies us whenever a cryptocurrency exceeds a certain market-cap threshold for the first time. When there's an up and coming cryptocurrency, we're the first one to know about it.

This scan flags breakthrough cryptocurrencies, allowing us to capitalize on lucrative opportunities before they become mainstream.

From the Desk of Steve Strazza and Alfonso Depablos

The most significant insider transaction on today’s list comes in a Form 4 filing by Erik D. Ragatz, director of Grocery Outlet Holding Corp $GO.

Ragatz reported a purchase of roughly $1 million in GO shares.

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

1. New position in XRT today.
2. No adjustments are needed today.
3. Exited XLV at profit target.
4. Current status of open campaigns.

Let's dig in!

From the Desk of Steve Strazza and Alfonso Depablos

The most significant insider transaction comes in a Form 4 filing by Blue Star Exploration Corp. and director Jerry Jones, owner of the NFL’s Dallas Cowboys.

Blue Star and Jones revealed a roughly $100 million purchase in Comstock Resources Inc $CRK.

One of my favorite setups is when you have a major "top" formation, that doesn't actually turn into a reversal pattern and top for the market.

A recent example was in shares of Disney.

If you guys recall, this one looked like a major top, sentiment was down in the dumps, and we were buyers at 80.

Here we are with Disney at 120 and hitting new 52-week highs.

I gotta tell you, this setup in Energy looks exactly like that.

Look at this chart below - it's got all the hallmarks of a top:

From the Desk of Steve Strazza @Sstrazza

Welcome to The Minor Leaguers.

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 order to...