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

1. No new positions today.
2. Rolled TLT to January options.
3. Closed IWM at profit target.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

We get a lot of questions about how to buy memecoins. So we made a video for members of ASC Crypto to answer them.

The biggest insider move on today's list comes from a Form 4 filing by Charlie Ergen, co-founder and chairman of EchoStar Corporation $SATS.

Ergen made a power move, buying 1,551,355 SATS shares, for a value of $43.5 million.

This purchase not only is a vote of confidence—it’s the kind of buy an insider makes for only one reason. They believe the stock price will rise considerably from here. 

Here’s The Hot Corner, with data from November 14, 2024:

Divisadero Street Capital Management filed a 13G for Rush Street Interactive $RSI, revealing an increase in their stake from 5.78% to 7.80%.

The CEO of Lyft Inc $LYFT revealed a purchase of $250,271 in its latest Form 4.

Manuel Anja, a director at Hims & Hers Health $HIMS bought 5,000 shares.

The stock looks poised to break out of a massive base:

A week after the election, stocks are now digesting some of their impressive gains. 

Some groups like banks, software, Ark funds, and even energy are holding up the best, while others struggle to hold onto those gains and are now giving it all back.

The SPDR S&P Metals & Mining ETF $XME is a great example of this second group that is losing steam.

XME tried to break out from a multi-year base the morning after the election, but was immediately rejected, and has since fallen back into its old...

If you’ve been following along, you already know. We want our offense on the field. We’re going long.

For baseball folks, we’re putting the pinch hitter in. We’re looking to go yard.

Welcome to the growth chronicles.

Over the coming weeks, I’ll be doing a series of posts on the most risk-on areas of the market.

The list of industry groups that are in uptrends continues to grow, fueled in large part by the speculative growth theme.

I’m going to cover the ones I’m most interested in and talk about the specific stocks I’m buying.

This week, it’s all about space and exploration.

While the market awaits the much-anticipated SpaceX IPO, I think many investors will be surprised at just how many options we already have to play this theme.

There is even an index for it. Here’s the ARK Space Exploration & Innovation ETF:

Here's the replay and chartbook from today's livestream. Note that we talk strategy every Thursday at 11 a.m. ET, and I answer questions in the chat room.

Be sure to join us and maximize your return potential.

This morning, we had the legendary turtle trader, Jerry Parker on the Morning Show. Watch the replay here.

He emphasized the importance of outliers in a system. The core idea is simple: let winners run and keep losers tight.

Outliers are the difference-maker in any sound trend following strategy.

At one point, Jerry likened his trading approach to “being a home run hitter.”

It’s the same thing we’re doing here with Breakout Multiplier. We’re shooting for outsized gains. When managed correctly, they take care of all the losers.

We really nailed a perfect entry last week with Square, and I think it’s setting up to be our next big hit.

Last Friday, we bought this...

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

1. New position in IGV.
2. No adjustments are needed today.
3. No exists since the last report.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

From the Desk of Steve Strazza @Sstrazza

We love our bottoms-up scans here at All Star Charts. We tend to get really creative when making new universes as we want to be sure they will deliver us the best opportunities the market has to offer.

However, when it comes to this one, it couldn't be any simpler!

With the goal of finding more bullish setups, we have decided to expand one of our favorite scans and broaden our regular coverage of the largest US stocks.

Welcome to The Junior Hall of Famers.

This scan is composed of the next 150 largest stocks by market cap, those that come after the top 150 and are thus covered by the Hall of Famers universe. Many of these names will someday graduate and join our original Hall Of Famers list. The idea here is to catch these big trends as early on as possible.

There is no need to overcomplicate things. Market cap is a quality filter at the end of the day. It only grows if price is rising. That's good enough for us.

The bottom line is it is a bull market. We...

SolarEdge Technologies $SEDG director Avery More has made waves with a bold $2.1 million insider purchase of 156,000 shares.

Despite the solar industry becoming the market's "ugly duckling," More is stepping in at a key support level for SEDG. 

This area marks where prices bottomed out in 2016, sparking a historic rally:

With SEDG back at the scene of the crime, if there's a logical level for it to stop falling, we believe this is it.

That doesn't mean we’re going to get involved right here, right now, though.

Rather, we prefer to wait for a tradeable low and have enough conviction the trend is shifting higher.

Here’s The Hot Corner, with data from November 13, 2024:

Maria Angelidis-Smith, a director at Lemonade $LMND, bought 33,554 shares, equivalent to $1,007,444.

LMND has a 30% short...

The beauty of the blockchain means that we can track all purchases in real time from the smartest wallets.

These are people with the best track record on-chain that we can follow into trades.

There's a lot of action taking place and the smartest degens are making moves.

In a significant move, Greenoaks Capital just revealed a $54 million purchase of Coupang $CPNG shares in a Form 4 filing.

The investment firm is known for its focus on high-growth tech companies, having previously backed game-changers like Discord and Stripe.

With this purchase, Greenoaks is betting big that Coupang is positioned for further upside.

We mentioned CPNG in our Screamin' Hot Report back in August, when the stock was resolving higher from a bottoming formation.

Fast-forward to today, and the stock looks poised to continue grinding higher, with a valid trend reversal in place. 

As long as we’re above 21, we want to err in the direction of the underlying trend.

The Greenoaks filing is just additional confirmation that we’re onto something good with this name. 

Thanks to everyone who joined us for today's Hot Corner Insider Weekly Strategy Session.

Here are the top three takeaways from the call:

• The riskiest stocks are embarking on a new leg higher:

Think small-caps, Ark funds, banks, and biotech. They’re all making new highs.

• On Tuesday, the S&P 500 tested the election gap VWAP for the first time:

And then it did it again today. Buyers showed up to defend this level both times. As long as it holds, the bulls can keep running this short-term rally higher.

• With crypto in "rally mode," BTC miners offer leveraged vehicles that can help add extra exposure:

In July, Coatue Management filed a 13G revealing a 9.2% stake in Hut 8 Corp $HUT. The stock is now completing a rounding-bottom formation. If it sticks the landing, this is a brand-new uptrend.

Investors are reaching for the riskiest stocks in the market.

How do we know?

A long list of stock market indexes and individual issues just had their best day since the pandemic lows almost 5 years ago.

Meme coins are mooning while we're asleep at night.

More and more stocks are completing primary trend reversals.

The most risk-on groups are leading the charge.

With this in mind, it's time for another Freshly Squeezed report.

Here's our approach:

We find the most heavily shorted stocks in the market. Then, we monitor these names for signs of upward momentum. Once that momentum kicks in, we ride them higher as the bears get squeezed.

We got fresh short data on Monday, so let's dive in and talk about it.

Our scan is quite simple. It is designed to identify stocks with the most aggressive short positions.

When a stock is shorted, it means incremental buyers are waiting in the wings...

Stocks are ripping in the U.S.

Is Europe next?

Looking at a basket of the fifty biggest names in Europe, we've got a clean level to bet against for a rotation higher. And a volatility picture that offers us an edge to play it.

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

1. No new positions today. 
2. Rolled KRE to January options.
3. Closed XLE at profit target.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!