Both the cap and equal weight communication ETFs top the ranking across the sectors.

Communications has been tremendously strong and has just broken to new all time highs.

Financials $XLF and Technology $XLK also just hit all time highs.

The environment is rewarding owners of stocks. And another strategy that's being rewarded is our Breakout Multiplier. We just hit a 14x trade in four weeks in this market environment.

Want access to the next trade? You can do so by clicking here.

Large Cap Growth $IWF remains a dominant factor here as stocks close in on all time highs.

But it's not just a large cap story; indeed Small Cap Growth $IWO remains at new highs relative to Small Cap Value $IWN.

So long as this breakout holds, then the bias leans toward growth continuing to outperform value.

If growth keeps outperforming, the biggest winner could be crypto. While the asset class just sold off hard, there is a significant catch up trade forming right now.

To see which tokens our Senior Crypto Analyst, Louis Sykes, is loading up on, you can watch the replay of when he went live here.

Today's number is... 496

The S&P 500 Technology Sector has been in an uptrend for the past 496 trading days.

Here’s the chart:

Let's break down what the chart shows:

• The dark blue line in the top panel represents the S&P 500 Technology Sector price. The light blue line represents the 50-day moving average, while the red line shows the 200-day moving average of the S&P 500 Technology Sector.
• The black bars in the bottom panel indicate days when the 50-day average is greater than the 200-day average.

The Takeaway: There are many ways to define an uptrend. One very simple yet effective method is to check whether its 50-day moving average is above its 200-day moving average.

The S&P 500 Technology Sector's trend has been higher for the past 496 trading days. This current uptrend is actually the fourth longest we have seen in the Sector over the past three decades. 

Despite some underperformance from the sector more recently, the S&P 500 Technology Sector...

As market participants, objectivity is everything as it allows us to flip the script when necessary.

That’s why I’m always on the lookout for cracks in my thesis.

One way to do that is by playing devil’s advocate, which is identifying data points that challenge our view and force us to rethink our perspective.

Adapting to new evidence isn’t just an edge; it’s a necessity to be successful in this business.

Right now, when it comes to data points that challenge a bullish case for equities, the weakness in home construction stocks stands out. 

The Home Construction ETF $ITB is breaking to new lows relative to its defensive peer group, the Real Estate ETF $IYR.

This ratio has historically acted as a leading indicator for the broader market.

You can see clear divergences where ITB/IYR tops or bottoms ahead of major turns in the S&P 500...

Here's the replay and chartbook from the February 20 Weekly Strategy Session.

Be sure to join us on Thursdays at 11 am ET and maximize your return potential.

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

1. New position in XLE.
2. No adjustments are needed today.
3. Closed XLY and XLC at Profit Targets
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

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...

First up, Apeiron Investment Group just made a massive bet on ATAI Life Sciences $ATAI, picking up more than $22 million in stock.

The stock is up roughly 5% this morning.

Next, Carl Icahn has disclosed a 9.52% stake in JetBlue Airways $JBLU through a 13D filing.

Icahn isn’t just any investor. He’s one of the most legendary activist investors of all time.

Carl Icahn's track record speaks for itself, with high rewards from investments in companies like Apple $AAPL, Netflix $NFLX, and CVR Energy $CVI in the past.

So if history repeats itself, this 13D filing could mark the start of a major turnaround story for JBLU.

Here’s The Hot Corner, with data from February 19, 2025:

Adage Capital just bought nearly $2 million in Solid Biosciences Inc $SLDB.

And, finally, Bruker Corp’s $BRKR president and CEO...

We love to golf around here, even though we lose a lot of golf balls. But we're not the only ones.

Garmin $GRMN designs and manufactures a variety of fitness smartwatches. This includes a watch for golfers.

The technology is super cool. It's like having a caddie on your wrist.

They've programmed damn near every golf course in the world into this device. This shows golfers various things like distances to greens, hazards, and doglegs.

In addition, they embedded swing-tracking technology into the watch. This analyzes swing speed, tempo, club path, and more.

The bottom line is that this company is doing something right, and the market is noticing.

On Wednesday, they reported a double beat, and the reaction was super positive. The stock rallied over 12% and had a reaction score of 5.3.

The fitness segment (which includes the watches) is growing revenues by 32% Y/Y. This is extraordinary growth.

It wasn't just about the last quarter's results. The management team raised its forward guidance and increased the dividend by 20%.

The market loved everything about this report, and the reaction reflects that.

Let's talk about what...

Don't let the stock reaction fool you; Walmart is in "execution mode"

Today's number is... 15

My custom Equal Weight Bellwether Stock Index, comprising 15 components, has reached year-to-date highs.

Here’s the chart:

Let's break down what this table shows:

• The blue line is our custom Equal Weight Bellwether Stock Index price, and the stocks within the index are Alcoa, Apple, AMD, Amazon, Boeing, Caterpillar, Walt Disney, FedEx, General Electric, General Motors, Johnson & Johnson, JPMorgan Chase, McDonald's, Walmart and Exxon Mobil. 

The Takeaway: Bellwether stocks are large, well-established, and widely followed companies. These 15 stocks act as an excellent barometer for the stock market as a whole, and in healthy bull markets, bellwether stocks usually move upwards, and that’s exactly what's been happening for the past 2.5 years.

These 15 stocks give us valuable insights into whether overall market conditions are shifting. Currently, this index continues to rise steadily and has been consolidating in a constructive manner. Until we observe a change in this pattern, we should maintain...

Health Care is one of the largest sectors in the Russell 2000, making up 17%—just behind Financials at 19% and Industrials at 17.5%. 

That makes it a key player in the small-cap space, often overlooked but packed with information.

I often use this sector to gauge where small boys are headed next.

After a brutal drawdown in 2022-2023, the Small-Cap Health Care ETF $PSCH is finally knocking on the door of a major trend reversal.

This is the same pattern we saw in major indexes and tech stocks early last year—massive bases resolving higher, marking the beginning of new bull trends.

You can see how this pattern has evolved in PSCH during this cycle.

It started with a downward-sloping 200-day moving average and a bearish momentum regime, keeping these stocks under pressure. But as buyers stepped in and demand overwhelmed supply, momentum shifted. The moving average flattened, then...

They said it was game over for these stocks.

They’ll never see those valuations again.

They are just stories. They don’t have profits.

They can’t survive a rising rate environment.

We’ve heard it all about speculative growth stocks over the past few years.

Cathie Wood and the entire ARK Invest strategy has been lambasted by the media. 

You’ve seen the cover stories. They tried to destroy her. 

But Cathie’s ARK didn’t wreck. It survived the storm. 

And I think it’s bigger than that. I think the most speculative, highest risk, longest duration equities are about to have their time in the sun again. 

Everything I’m seeing suggests we are entering that part of the cycle where the worst stocks become the best stocks. 

Thanks to everyone who joined us for today's Hot Corner Insider Weekly Strategy Session.

Today's trade is in a name that JC liked on his recent Mid-Month conference call.

The stock is hanging around the upper end of a "box" it's been in, just below all-time highs. And with earnings coming up in a couple of weeks, it feels to me like it's just waiting for that "all clear" catalyst to allow it to break higher.

I'm going to get positioned now.

From the desk of Steve Strazza @Sstrazza

Welcome to The 2 to 100 Club.

In this scan, we look to identify 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...