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

1. No new positions today.
2. Rolling QQQ to September.
3. No exits since the last report.
4. Current status of open campaigns.

Let’s dig in!

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 Thursday August 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 Thursday evening:

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.

Nowadays, to make the cut for our Minor Leaguers list, a company must have a market cap between $1 and $4B.

From the Desk of Ian Culley @IanCulley

Perhaps gold and silver are stuck beneath overhead supply. 

But that’s not stopping mining stocks from hitting new highs…

From the Desk of Steve Strazza @Sstrazza

Names with high short interests continue to work in this environment as the bears struggle to take down even the worst stocks.

As such, it's time to run it back with another Freshly Squeezed report.

Here's how we do things...

We find the most heavily shorted stocks in the market. We wait for momentum to come into these names. And then we ride them higher as the bears get squeezed.

We got new short data this week, 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 to close out their bearish bets.

We love this, as new buyers are the one true catalyst for higher prices.

When shorts are proven wrong, they become buyers of the stock. In many cases, this happens as momentum flows into these names and fuels massive short-covering rallies.

For this reason, we pair short-interest data with short-term momentum overlays, as this combination is needed to spark the moves we’re looking for.

From the Desk of Ian Culley @IanCulley

Perhaps gold and silver are stuck beneath overhead supply. 

But that’s not stopping gold mining stocks from hitting new highs…

In today's Flow Show, Steve and I put our heads together to find a good trade to take advantage of elevated options premiums in a big-cap name that may have seen the worst of the selling and is now may be putting in a pivot.

That name is Amazon $AMZN and here's the chart where it stands right now:

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

1. No new positions today.
2. Rolling XLK to September.
3. No exits since the last report.
4. Current status of open campaigns.

Let’s dig in!

Does it feel like everything is working in this market?

Most things are.

And the strongest industry groups have already been making new all-time highs.

Look no further than Aerospace & Defense coming out of this multi-year base to new record levels:

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.

All week I had people telling me about the severe market correction that stocks were in.

But as I went through all the stocks, I actually found that it was the exact opposite.

Look at the Dow Jones Industrial Average going out this week at another new all-time high: