This is the video recording of the May 29, 2024, Hot Corner Insider Weekly Strategy Session.

My portfolio could benefit from some directional diversification right now. As such, I had my eye on a bearish bet this morning to help balance out my mostly directionally long exposure.

And one name that I and our analysts discussed in our meeting yesterday appears to be hanging on the precipice of a potentially large fall. The company will be announcing earnings on July 4th (who does that?) and I think that might be the final nail in the coffin to send this stock lower (if not sooner).

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

1. Added a new position in XRT.
2. No adjustments are needed today.
3. No exits since the last report.
4. Current status of open campaigns.

Let’s dig in!

This historic bond market crash continues.

And to be fair, it might not seem like a "Crash" because bond market volatility is still relatively low.

So it's just been a slow painful grind lower.

But there's no evidence that it's over.

You can see the Japanese Yen continuing lower as well....

From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on today's list comes via a Form 4 filing by THRC Holdings, LP.

The investment firm revealed a purchase of $4.3 million in ProFrac Holding Corp $ACDC.

From the Desk of Steve Strazza @Sstrazza.

Welcome back to Under the Hood, where we'll cover all the action for the two weeks ended May 10, 2024. This report is published bi-weekly, in rotation with The Minor Leaguers.

What we do here is analyze the most popular stocks during the week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.

We use a variety of sources to generate the list of most popular names.

There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: a list of stocks that are seeing an unusual increase in investor interest.

Click here for a behind-the-scenes look at our process.

Whether we’re measuring increasing interest based on large institutional purchases, unusual...

From the Desk of Ian Culley @IanCulley

I’ve heard JC say it many times: “You guys are the smart money.”

After spending a week with clients at our Portfolio Accelerator and fielding countless reader emails, I completely agree!  

Since gold and silver prices are getting a bit wild, I decided to dive straight into the Gold Rush mailbag today to start a healthy discussion about what might happen next…

If there is one thing that stands out from any conversation with Brian Shannon about the trading process, it is this:

For discretionary traders, there are no rules. Instead, there are "guidelines."

And because Brian is human, he occasionally breaks his guidelines and suffers the same consequences as anyone else. Everyone gets what they deserve. Even a trader of 30+ years like Brian Shannon.

If a trader buys the dip or sells the rip without a plan to control her risk then she, too, will get what she deserves. Eventually. The market is always on the hunt for our weaknesses.

This is one of the things I love about my friend Brian. He doesn't tolerate nonsense. He tells it like it is. Tough love. It's what a trader needs.

And he's adamant about tuning out the noise and focusing on his strengths. For instance, he no longer pays any attention to financial TV. "It makes me emotional. TV is just theatrics. If it doesn't help me make money, I completely ignore it." He knows what he's good at, says no to everything else, and makes the best use of his time by focusing his energies on profitable pursuits.

Shouldn't we all live and...

From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on today’s list comes via a Form 4 filing by THRC Holdings, LP.

The investment firm revealed a purchase of $4.3 million in ProFrac Holding Corp $ACDC.

Last week in Sonoma, we uncovered a bunch of potential trades that are setting up in a variety of sectors. But one of them is sending a glaring signal that it is ready for us to get involved right now, so let's not waste any time.

Check out this chart of CNX Resources Corp $CNX:

From the Desk of Ian Culley @IanCulley

I’ve heard JC say it many times… 

“You guys are the smart money.”

After spending a week with clients at our Portfolio Accelerator and fielding countless reader emails, I completely agree!  

Since gold and silver prices are getting a bit wild, I decided to dive straight into the Gold Rush mailbag today to start a healthy discussion about what might happen next…

• What happened to gold/silver? Is the rally over?

-Parry

No, the rally isn't over. 

Gold is consolidating below a critical extension level following a breakout to new all-time highs. And Silver is trading just off fresh decade-highs.

In many ways, it’s just getting started.

I can’t hold a bearish or neutral bias for precious metals while Silver trades above the 2020 highs of roughly 30.

The precious metals correction wasn’t pretty last week. But I’m happy to roll with the punches as long as silver futures hold their breakout.

• Does the severity of the moves in gold really change anything as long as...

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

1. Added a new position in XLB.
2. No adjustments are needed today.
3. Exited our XLV position.
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 AP Moller Holding.

The investment company reported a purchase of $8.9 million in Noble Corporation $NE.

From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on today’s list comes via a Form 4 filing by AP Moller Holding.

The investment company reported a purchase of $8.9 million in Noble Corporation $NE.