From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts

I'm in New York City along with the rest of the All Star Charts team for the annual CMT symposium this week, so there's no Inside Scoop Weekly Strategy Session today.

We'll be back with our regular schedule next week.

For today, we figured we'd do a quick post discussing some of the macro themes we're watching right now, as well as a trade idea in one of our favorite names.

From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts

With earnings season underway, financials are making a statement this week.

The first few weeks of reporting are always heavy with banks and financial stocks. As these are the market laggards, we knew we would get some critical information from their earnings reactions.

While it hasn't been fireworks to the upside by any means, there also hasn't been much downside from these stocks.

It is never a bad thing if the bears can't take down the weakest stocks. That's what is going on right now.

Meanwhile, more and more bullish setups keep crossing our desk. It's all very constructive.

Let's talk about two we like right now.

This is the video recording of the April 19, 2023, Inside Scoop Weekly Strategy Session.

From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts

The market continues to shake off negative news as stocks react positively to incoming economic data and the Fed's actions.

Sure, banks are still a problem, and we need to watch them closely as earnings season kicks off.

But we can only give this price action from financials so much weight as the list of bullish developments in other areas continues to grow.

Overall, there are a lot more positives than negatives right now. And this proves true when we look through our universes, such as our Inside Scoop list.

We continue to see more and more bullish setups and stocks we want to buy come across our radar.

Let's talk about the latest now.

This is the video recording of the April 12, 2023, Inside Scoop Weekly Strategy Session.

This is the video recording of the April 5, 2023, Inside Scoop Weekly Strategy Session.

This is the video recording of the March 29, 2023, Inside Scoop Weekly Strategy Session.

From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts

While the major stock market averages remain a mess, we continue to find new setups in individual stocks we want to buy.

From a market internals standpoint, it is encouraging that bullish chart patterns are emerging from a variety of sectors and industry groups.

Today, we have two industrials, a fast-food operator, and a chipmaker.

We already know that institutions and insiders like these names. And now - with these charts pressing on new highs, we like them too.

Let's take a look.

This is the video recording of the March 22, 2023, Inside Scoop Weekly Strategy Session.

This is the video recording of the March 15, 2023, Inside Scoop Weekly Strategy Session.

This is the video recording of the March 8, 2023, Inside Scoop Weekly Strategy Session.

From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts

The February hangover is now behind us, and following a month of corrective action, we think stocks will embark on a fresh leg higher soon.

Risk appetite continues to improve, and market internals are as healthy as we've seen in years.

This is an environment where we want to be looking for stocks to buy.

Today, we have a newly-public growth stock that is making new highs and has been outperforming aggressively this year.

Let's dive in.