From the Desk of Kimmy Sokoloff
So, either the $VIX is broken or the market is.
The VIX was down more than 15% over the past few days, whereas the market isn’t really moving.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
So, either the $VIX is broken or the market is.
The VIX was down more than 15% over the past few days, whereas the market isn’t really moving.
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.
From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts
Our Hot Corner Live Strategy Session was full of new bullish chart patterns today.
There was little need to discuss the latest bullish developments for the broader market, as the individual setups painted a clear picture of continued breadth expansion.
If you missed it, be sure to check it out. And if you want to see what a bull market slide deck looks like, it’s right here.
We’re seeing growth stocks resolve higher from bearish-to-bullish reversal patterns. More and more small caps are popping up with new highs. And the strongest value and cyclical stocks that have been leading for years are breaking out to new record highs.
We’re buying all of them.
Today, we have two financials and one industrial name. They’re all making new all-time highs. Let’s take a look.
by David
From the Desk of Kimmy Sokoloff
So many names were running higher today, but $SPY just kind of stood still while $QQQ had lift off.
Stock selection is key.
by David
This is the video recording of our February 15, 2023, Inside Scoop Weekly Strategy Session.
by David
The most significant insider transaction on today’s Hot List is a Form 4 filing by Coliseum Capital Partners.
The hedge fund reported a purchase of roughly $26 million in Purple Innovation $PRPL, increasing its ownership stake to 51.20%.
by David
From the Desk of Kimmy Sokoloff
We saw a lot of volatility yesterday.
And the indices managed to hang on to their eight-day moving averages.
[Read more…]
From the Desk of Steve Strazza @Sstrazza
Dividend Aristocrats are easily some of the most desirable investments on Wall Street.
These are the names that have increased dividends for at least 25 years, providing steadily increasing income to long-term-minded shareholders.
As you can imagine, the companies making up this prestigious list are some of the most recognizable brands in the world. Coca-Cola, Walmart, and Johnson & Johnson are just a few of the household names making the cut.
Here at All Star Charts, we like to stay ahead of the curve. That’s why we’ve turned our attention to the future aristocrats.
In an effort to seek out the next generation of the cream-of-the-crop dividend plays, we curate a list of stocks that have raised their payouts every year for five to nine years.
We call them the Young Aristocrats, and the idea is that these are “stocks that pay you to make money.”
Imagine if years of consistent dividend growth and high momentum and relative strength had a baby, leaving you with the best of the emerging dividend giants that are outperforming the averages.
By adding our technical analysis to the mix, the Young Aristocrat setups give you the opportunity to own the best of the market’s future blue-chip winners before they become must-own household names.
Often, the strongest performers in this universe, and even the Dividend Aristocrats themselves, pay relatively small dividends.
This is usually because the stock appreciation makes it tough to keep up with the payout — even for companies that consistently grow their yield in the double-digits!
For this reason, we don’t have a minimum threshold for the dividend. What we’re really doing here is creating a list of quality stocks based on their ability to persistently grow their shareholder return.
And maybe the best part?
This list is not just designed for long-term investors. Any kind of investor or trader can use this list as it helps generate ideas across all timeframes, even the short term.
Remember, some of the most important filters we use for this list are momentum, relative strength, and proximity to new highs.