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This Group of Stocks is Next

July 25, 2024 by JC

Are you one of those people who thinks that Transportation Stocks are “boring”?

Those kinds of people exist out there you know…

But in my experience, these are some of the most important stocks in the entire market.

And there are ways to leverage these directional moves to maximize the profits in these types of stocks that you think may not move fast enough for you.

First of all, here is the Dow Jones Transportation Average in a long-term uptrend consisting of higher lows and higher highs: [Read more…]

Junior Hall of Famers (07-25-2024)

July 25, 2024 by Sam Gatlin

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 want as many vehicles and options to express our bullish thesis as possible. This is a good way to do just that.

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

[Read more…]

The Short Report (07-24-2024)

July 24, 2024 by Alfonso Depablos

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.

[Read more…]

[Options Premium] Waiting It Out in the Berkshires

July 24, 2024 by Sean McLaughlin

The Berkshires is a wonderful place to visit. And it can often be a great place to ride out the heat of summer.

Similarly, Berkshire Hathaway $BRK/B is often a great place to ride out the heat in the market.

And given the volatility backdrop in $BRK/B options, the options market is offering to pay us to catch the turn.

Let’s get after it! [Read more…]

Oops! The Dollar Did It Again

July 24, 2024 by Ian Culley

From the Desk of Ian Culley @IanCulley

One week, the buck is breaking down. The next, it’s ripping higher.

With commodity currencies rolling over, the dollar-yen sliding lower, and the US Dollar Index $DXY failing to hold its recent breakdown…

What’s it going to be this week?

So far, the Bulls are in control.

But that could change if dollar bears violate these critical levels…

[Read more…]

Junior International Hall of Famers (07-23-2024)

July 23, 2024 by Sam Gatlin

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.

[Read more…]