I’ve talked about how it’s harder to find longs these days.
We had about two rug-pulls today for $SPY and $QQQ.
It was a tougher day trading as we await earnings on $NFLX and $TSLA.
2 to 100 Club (07-19-2023)
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 during their journey to becoming the market behemoths they are today.
When you look at the stocks in our table, you’ll notice we’re only focused on Technology and Growth industry groups such as Software, Semiconductors, Online Retail, Solar, etc.
Then, like any good technician, we filter the list down to those closest to new highs.
This allows the cream of these strong groups to rise to the top and helps streamline our mission to identify technical breakouts in the top-performing stocks.
Swing Trader Pro: Morning Briefing (07-19-2023)
From the Desk of Kimmy Sokoloff
All the indices have been on fire.
Earnings are coming up.
We’ll see if the bar is low for them and they jump that hurdle or not.
Swing Trader Pro: Afternoon Briefing (07-18-2023)
Up and away we go, with new highs all around.
As the saying goes, we’re overbought, but we can stay this way for some time.
Will the Pound Break Resistance?
From the Desk of Ian Culley @IanCulley
The US Dollar Index’s $DXY break toward fresh lows resembles a defiant crawl more than an earnest march.
An image of dragging my children away from the toy aisle flashes across my mind.
(Actually, I let them walk around the store with their toy of choice. And then, we ditch the item before checkout after a couple rounds of negotiations. It works quite well – no screaming involved.)
But while the DXY drags its feet, the individual currencies that comprise the index are picking up the pace.
The Swiss franc is ripping. The euro is posting fresh 52-week highs. And the British pound is hitting our upside objective.
Our initial target for the pound marks a logical level of resistance.
But since the Dollar Index broke down less than a week ago, could the pound slice through this potential overhead supply zone?
Swing Trader Pro: Morning Briefing (07-18-2023)
From the Desk of Kimmy Sokoloff
It’s another new day, and maybe more new highs.
It’s getting harder to find longs.
We do get opportunities, but it’s more difficult with things stretched like this.
[Premium] Mid-Month Conference Call Video Recording July 2023
This is the video recording of the July 2023 Mid-month Conference Call.
Investors Go Crazy for the Shiny Stuff
From the Desk of Ian Culley @IanCulley
The US dollar is approaching a slippery slope.
And few markets embrace a falling dollar quite like precious metals.
Yet gold’s response to a weakening dollar so far has been subdued, perhaps due to elevated real yields.
But gold’s crazy cousin, silver, has enjoyed quite the boost…
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