I just want to take a moment to thank everyone for all the kind words throughout the year.

Your support and this community you helped build is inspiring to us all.

I'm incredibly grateful.

Thank you.

Now let's get into it.

Here is a list of trade ideas organized by date, ticker symbol and directional bias. Please make sure you have clicked on the link and read the details surrounding the trade before acting upon any of them. Also, make sure you have checked with your financial advisor and tax accountants to make sure you are suitable to be executing what is discussed on this website. The risk management procedures and targets are detailed for each idea. Please read and review the terms and conditions page before making any trades of your own.

Here is a list of trade ideas organized by date, ticker symbol and directional bias. Please make sure you have clicked on the link and read the details surrounding the trade before acting upon any of them. Also, make sure you have checked with your financial advisor and tax accountants to make sure you are suitable to be executing what is discussed on this website. The risk management procedures and targets are detailed for each idea. Please read and review the terms and conditions page before making any trades of your own.

From the Desk of Ian Culley @IanCulley

I’m not concerned with last year’s winners heading into 2024.

Winners have a miraculous way of taking care of themselves (i.e. cattle, sugar, cocoa.) 

Instead, my focus centers on those markets that failed to launch. Markets like this…

No, I’m not talking about Gold. But it certainly fits the bill.

I’m referring to wheat.

Wheat never produced an explosive rally this year – at least nothing like we saw in 2022. But that could all change in the coming six months.

Check out Chicago wheat futures carving out a potential double-bottom pattern:

Wheat futures are taking the shape of a classic Adam and Eve formation – a sharp sell-off followed by a longer accumulation period.

In addition, the...

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 Moderna, Square, and Snap.

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 their proximity to new 52-week highs.

This leaves...

From the Desk of Steve Strazza and Alfonso Depablos

The most significant transaction on today’s list comes in a Form 4 filing by Annexon Inc $ANNX director Muneer A. Satter.

Satter reported a purchase of $1 million in $ANNX.

From the Desk of Steve Strazza and Alfonso Depablos

The most significant transaction on today’s list comes in a Form 4 filing by Annexon Inc $ANNX director Muneer A. Satter.

Satter reported a purchase of $1 million in $ANNX.

From the Desk of Steve Strazza @Sstrazza

Welcome to The Junior International Hall of Famers.

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-listed international stocks, or ADRs.

This scan is composed of the next 100 largest stocks by market cap, those that come after the top 100 and are thus covered by the International Hall of Famers universe.

Many of these names will someday graduate and join our original International Hall Of Famers list. The idea here is to catch these big trends as early on as possible.

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

This is our Junior International Hall of Famers list:

Click table to enlarge view

From the Desk of Ian Culley @IanCulley

JC asked me how far I thought interest rates would pull back during a recent internal meeting.

The question caught me off guard since I trade bonds, not interest rates. I know my bond trade targets off the top of my head, but not the corresponding rate levels. 

As soon as the call ended, I applied Fibonacci analysis to the 30- and 10-year yields…

The 3.50 level marks a logical area for the 30-year yield to stop falling.

That level coincides with a shelf of former lows and a critical retracement level covering the rally off the 2020 low.

The similar level for the 10-year yield stands at 3.25:

Whether rates pull back to these retracement levels is anyone’s guess. 

One thing is for certain: interest rates have...

[Programming note: There will be no trades and no daily digest tomorrow, Friday December 29th. I'll be traveling. Happy New Year!]

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

1. New position today in GLD.
2. No defensive adjustments 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

This is a notoriously slow week for the market, and our insider filings and options flow scans reflect it.

We only have a single Form 4 today, and it comes from Yakira Capital Management Inc.

The investment firm revealed a purchase of $130,899 in Seritage Growth Properties $SRG.

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 Tuesday January 2nd @ 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 Tuesday evening:

From the Desk of Steve Strazza @Sstrazza

When investing in the stock market, we always want to approach it as "a market of stocks."

Regardless of the environment, there are always stocks showing leadership and trending higher.

We may have to look harder to identify them depending on current market conditions. But there are always stocks that are going up.

The same can be said for weak stocks. Regardless of the environment, there are always stocks that are going down, too. 

We already have multiple scans focusing on stocks making all-time highs, such as Hall of Famers, Minor Leaguers, and the 2 to 100 Club.

We filter these universes for stocks that are exhibiting the best momentum and relative strength characteristics. 

Clearly, we spend a lot of time identifying and writing about leading stocks every week, via multiple reports.

Now, we're also highlighting lagging stocks on a recurring basis.

Welcome to the Short Report.

We...

From the Desk of Steve Strazza and Alfonso Depablos

This is a notoriously slow week for the market, and our insider filings and options flow scans reflect it..

We only have a single Form 4 today, and it comes from Yakira Capital Management Inc.

The investment firm revealed a purchase of $130,899 in Seritage Growth Properties $SRG.

From the Desk of Ian Culley @IanCulley

Y’all know the drill… 

Dollar down, stocks up.

That dominant inverse relationship remains firm as stocks rip and the dollar dips. 

The market’s message is clear: Buy stocks, sell dollars.

If you trade the FX markets, I have two new setups to ride the falling dollar…

First up, the US dollar-Swiss franc pair USD/CHF:

I’ve been tracking a generational topping formation in the USD/CHF (bottoming formation in the Swiss franc futures) for most of this year.

It wanted to break down in July but lacked follow-through.

Today, the USD/CHF is printing fresh 8-year lows, flashing another sell signal.

I’m short the USD/CHF below .8575 with an initial objective of .8125.

Next, the US dollar-Swedish krona pair USD/SEK:

...

This is the video recording of the December 27, 2023, Hot Corner Insider Weekly Strategy Session.

Today's trade is in a name that has caught the fancy of aggressive short-sellers. As of the latest update, approximately 25% of the outstanding shares in Chewy Inc $CHWY are held in short positions.

Now, I'm sure the short-sellers have done their homework and have very compelling reasons to be short. I will concede their points to them.

However, short-sellers are human too. And being human means they can also be wrong. And if they are wrong, the only way they can make the losses stop is to buy stock to cover their short positions. If 25% of the float has to cover their shorts, that sets up the possibility of a wildfire to the upside.

We're here for that possibility.

Check out this chart: