From the Desk of Steve Strazza @Sstrazza

Welcome to The 2 to 100 Club.

As many of you know, something we've been working on internally is using 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...

From the Desk of Steve Strazza and Alfonso Depablos

Today’s most significant insider transactions are Form 4 filings by both the CEO and the CFO of SoFi Technologies $SOFI.

Together the two executives bought SOFI shares worth a total of $398,260.

[If you missed my note about change and new features to P2P, please review it here.]

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

1. Any new position added today
2. Any exits since last report.
3. Adjustment made to an existing position (if any)
4. Current status of open campaigns.

Let's dig in!

In the 16 months since we launched the All Star Charts Paid-to-Play options service, subscribers have enjoyed positive risk-adjusted returns with far less volatility and smaller drawdowns than a simple investment in the S&P 500. They've also learned how to execute our strategies to produce incredible outperformance versus comparable ETF benchmarks that seek to sell options premium.

But one thing we can all agree on is that we wish it could be simpler.

In an effort to simplify your trading lives, we'll begin presenting our daily trades and open positions in an easier format!

Instead of receiving numerous emails throughout the day alerting you to actions in the portfolio and producing repetitive videos that few of you are watching (we have the viewership data!), we're going to send you ONE DAILY DIGEST that packs far more punch.

Each daily digest will include:

From the Desk of Steve Strazza and Alfonso Depablos

Today’s largest insider transaction is another Form 4 filing by Exxon Mobil Corporation $XOM director and ValueAct Capital founder Jeff Ubben.

Ubben reported an XOM purchase worth $26 million, bringing his total share count to 2,077,000.

Relative strength can be really powerful because stocks often tip their hand before making their big moves.

When the overall market is under pressure and a stock is making new 52-week highs, something is usually going on.

We're seeing it in Uber, which we just bought yesterday.

UBER is making new 52-week highs and is currently valued at over $100 Billion. Meanwhile, people keep telling me stocks are in a bear market.

Those people must be looking at LYFT instead...

From the Desk of Ian Culley @IanCulley

The US Dollar Index $DXY is still dealing like an old-school ace on the mound.

I don’t care what stock market bulls or technology investors want to believe.

The buck has been lights out since July.

And just because it found itself in a bit of trouble last week doesn’t mean it can’t retire the side…

The index pulled back to a key retracement level at approximately 105 on Friday:

Unsurprisingly, the dollar bore down at this critical area as it coincides with a logical support zone. 

But, when we take a closer look… 

Sellers are digging in, seeing the spin on the ball, with runners in scoring position.

Check out last week’s breakdown:

The DXY undercut the January and March pivot highs from earlier this...

This is the video recording of the November 8, 2023, Hot Corner Insider Weekly Strategy Session.

From the Desk of Steve Strazza and Alfonso Depablos

Today’s largest insider transaction is another Form 4 filing by Exxon Mobil Corporation $XOM director and ValueAct Capital founder Jeff Ubben.

Ubben reported an XOM purchase worth $26 million, bringing his total share count to 2,077,000.

The market is speaking. It wants higher prices. The year-end, seasonality-driven rally may be taking hold. Or it may be something else? It doesn't really matter. We only follow price, and right now prices in certain stocks are pointing us to start taking some directional bets.

Today's trade is in an industry-disrupting name that has already had an impressive move over the past week that we feel is only the beginning of a much larger drive.

Check out this chart of everyone's favorite ride-hailing service Uber Technologies $UBER:

We've adjusted a position in the Paid-to-Play portfolio today:

We had a resting GTC order filled at our profit target in the Paid-to-Play portfolio today:

From the Desk of Steve Strazza and Alfonso Depablos

Today’s largest insider transaction is another Form 4 filing by Bahram Akradi, founder and CEO of Life Time Group Holdings $LTH.

Akradi reported an LTH purchase worth $1,142,934. His last purchase was in August.

The Nasdaq100 index just went out at the highest levels in history relative to the much broader Russell3000 Index.

Technology represents about 50% of the Nasdaq100, with Apple's weighting coming in at 11% of the index and Microsoft currently at just over 10%.

But the Nasdaq100 is a good representation of these mega-cap names, because Amazon, Google, Meta and Tesla all carry huge weightings. Remember, none of these stocks are in the Tech Index.

So the Nasdaq100 broadens it out to what most people consider "Tech".

Here's the QQQ hitting new all-time highs relative to Russell3000:

Do the hard thing.

Make it hurt.

Then do it again.

If these were the first three lines people read in a book about profitable trading, odds are many wouldn’t make it past the first page.

It’s natural for humans to want to avoid pain, to choose the easy path, and to put in the least amount of work for the maximum amount of output. Business schools call this “efficiency.”

And you can find plenty of examples in the real world where this is good, solid advice.

Trading is not one of those places.

The hard truth is that 80-90% of people who attempt trading in any capacity, frequency, or timeframe eventually end up net losers.

From the Desk of Steve Strazza and Alfonso Depablos

Today’s largest insider transaction is another Form 4 filing by Bahram Akradi, founder and CEO of Life Time Group Holdings $LTH.

Akradi reported an LTH purchase worth $1,142,934. His last purchase was in August.

We've adjusted a position in the Paid-to-Play portfolio today:

We had a resting GTC order filled  in the Paid-to-Play portfolio today: