And it would be foolish to ignore it. So we're doing the opposite. We're leaning in and pressing our bets.
Look at the Small-cap Indexes both making new all-time highs. The S&P600 Small-cap Index and Russell2000 Small-cap Index are completing multi-year bases and just beginning their next leg higher:
Another major base being completed right now is in the Dow Jones Transportation Average.
We had seen the strength in Logistics stocks, Marine Shippers and even resiliency among Railroads and Truckers. It was really just the Airline stocks that needed to stop falling.
And that's precisely what happened.
Look at the new all-time highs in the Dow Transports:
Keep in mind that while we're continuing to see more and more of the most important indexes breaking out to new all-time highs, the usual suspects are also still doing their thing.
Look at the S&P500 and Nasdaq100 both hitting new all-time highs, again.
All of this strength in the S&P500 and Nasdaq100 is coming at a time where...
With so many stocks joining in on the bull market, it can be hard to keep track of leadership.
But one group that definitely stands out and deserves a mention is Uranium and Nuclear Energy.
These stocks were big leaders during the commodity bull run of 2020-2021, and they have been major leaders again in recent months.
But, it’s less about the recent relative strength, and more about the structural patterns at play.
Here’s the industry leader, Cameco $CCJ breaking out of a monster base:
After more than a decade of underperformance for the alternative energy stock, CCJ is breaking out to new all-time highs just as it looks to reverse trend versus the broader market.
The trend reversal shown in the lower pane suggests more leadership from CCJ in the future.
How can you not buy this 18-year base breakout?
And when benchmarked against its industry peers instead of the S&P 500, it’s clear CCJ is the premier vehicle in its space.
This chart shows it climbing steadily higher versus the Global X Uranium ETF...
My cousin wasn't asking me about crypto during this year's Thanksgiving feast.
Instead, he wanted to know which commodity to buy after the historic cocoa trade.
Without hesitation, I told him, "coffee."
And I really believe that!
Let's talk about why.
Our Soft Commodity Index is testing a critical level of interest:
The index peaked and rolled over in 2011 and has carved out a massive basing pattern in the years since then. If and when the bulls resolve this pattern, we want to be long.
On a relative basis, soft commodities are printing fresh 52-week highs versus the broader commodity complex. This is precisely what we're looking for in a leadership group, and we expect this outperformance to continue for the foreseeable future.
Cocoa futures recently resolved a 45-year base and put the bears in a dirt nap, and we think coffee futures are up next:
As you can see, coffee is at its highest level since it peaked in 1977, following a face-ripping 600% rally in two years.
A close above 340 would mark the end of a nearly 50-year consolidation and the beginning of a new uptrend.
Have you heard about these electric helicopter stocks?
They could be the Uber of the skies. Imagine a helicopter pulling up to take you straight to the airport.
It almost sounds too good to be true, and we still don’t know if it’ll actually happen. But there is some really big money behind these start-ups right now.
Here's the replay and chartbook from today's livestream. Note that we talk strategy every Thursday at 11 a.m. ET, and I answer questions in the chat room.
Be sure to join us and maximize your return potential.
Our Hall of Famers list is composed of the 150 largest US-based stocks.
These stocks range from the mega-cap growth behemoths like Apple and Microsoft – with market caps in excess of $2T – to some of the new-age large-cap disruptors such as Moderna, Square, and Snap.
It has all the big names and more.
It doesn’t include ADRs or any stock not domiciled in the US. But don’t worry; we developed a separate universe for that. Click here to check it out.
The Hall of Famers is simple.
We take our list of 150 names and then apply our technical filters so the strongest stocks with the most momentum rise to the top.
Let’s dive right in and check out what these big boys are up to.
Here’s this week’s list:
*Click table to enlarge view
We filter out any laggards that are down -5% or more relative to the S&P 500 over the trailing month.
How many people do you know have Chinese stocks as the biggest winner of the Trump landslide victory?
I don't anyone, and I talk to a lot of people.
Traders and Investors are simply NOT positioned for it.
They're all just assuming Trump is going to be bad for Chinese stocks, with tariffs and rocket beef and whatever else....
I think it's great. We're happy to take the other side of their (already priced in) pessimistic views.
Here is the CSI 300 Index, which is basically the S&P500 of China. Look at the double bottom, followed by the most violent momentum thrust in the history of Chinese equities, and now the consolidation post election.
Thanksgiving is my favorite holiday of the year. It's not even close.
So from the bottom of my heart, THANK YOU for all of your support over the years. You have no idea how much you mean to me and how appreciative we are for all the emails, comments, feedback and love that you gave us throughout 2024 and all of the years before that.
Seriously. Thank you.
Thanksgiving to me means Family, Friends, Football, Red Burgundy and Good Eats.
I know there are a few unfortunate souls out there who don't like Turkey. So if you're one of those, I can tell you for a fact, that it's only because you haven't had my Turkey yet!
You're invited next year.
I love Thanksgiving so much that we celebrate it at least one or two more times throughout the year, once in the Spring and probably one more time in early September.
Don't come at me with "Turkey isn't good". Maybe your turkey might not be great, but for the rest of us who know how to prepare it properly, there are few meals throughout the year that are as good as this one!
Facts only.
And so speaking of facts, the thing that I am most grateful this year, from an...
The standout insider transaction of the day comes from Carlos Slim's investment company, Control Empresarial de Capitales S.A.
In another big move, the billionaire's firm revealed an $8.7 million purchase of PBF Energy $PBF shares via a Form 4 filing.
When one of the world's richest men starts putting serious money to work, it's a signal worth watching closely.
Slim and Control Empresarial have been accumulating shares in PBF all year.
Here’s The Hot Corner, with data from November 27, 2024:
In another Form 4, the chairman and CEO of Truist Financial Corporation $TFC, William Rogers Jr, revealed an acquisition of 34,180 shares, equivalent to $1.6 million.
As we approach the final month of 2024, we have seen an impressive number of stocks perform well, with 387 stocks showing positive returns year-to-date so far.
Here’s the chart:
(right-click and open image in new tab to zoom in)
Let's break down what the chart shows:
The dark blue bars represent the year-to-date returns of each S&P 500 stock.
The light blue bar indicates the average year-to-date return of S&P 500 stocks.
The yellow bar represents the S&P 500 year-to-date return.
The Takeaway: Bears have been claiming that market breadth has been narrow throughout 2024. That is simply incorrect! Market breadth has been and continues to be strong in 2024. The data supports this.
A total of 387 stocks have posted positive returns this year, with 184 of those stocks outperforming the S&P 500. In contrast, only 118 stocks have posted negative returns during the same period.
Welcome to TheJunior 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.
This is our Junior International Hall of Famers list:
Click table to enlarge view
And here’s how we arrived at it…
We removed laggards which are down 5% or more relative to the ACWI Ex. U.S. Index $ACWX over the trailing...
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're turning our attention to the future aristocrats. In an effort to seek out the next generation of the cream-of-the-crop dividend plays, we're curating 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.