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The Most Bullish Thing That Can Happen

July 6, 2024

With the S&P500 and Nasdaq closing at new all-time highs this week, the questions remain:

Is this sustainable?

Does the rally have legs?

Can this bull market continue?

Before I get to what I think is the most bullish thing that can possibly happen to this market, I have one sector I'd like to focus on quickly.

This is the S&P Industrials Index, which historically has the highest positive correlation with the S&P500 of all the S&P sectors.

Is this just a consolidation within an ongoing uptrend in a leadership group? Or is this a double top that's about to come tumbling down?

You Buy Stocks In Bull Markets

July 6, 2024

Stocks needed a correction.

And they got it.

Most stocks haven't made much progress since the middle of Q1. It's now July. They've been through a much needed digestion of prior gains.

Remember how epic that rally in Q4 was last year? And then it spilled over into January and early February this year.

But then came the correction.

A good look here is the Equally-weighted Nasdaq100 going out at new all-time highs on Friday, after 4 months of no progress:

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International Hall of Famers (07-05-2024)

July 5, 2024

From the desk of Steve Strazza @Sstrazza

Our International Hall of Famers list is composed of the 100 largest US-listed international stocks, or ADRs.

We've also sprinkled in some of the largest ADRs from countries that did not make the market cap cut. 

These stocks range from some well-known mega-cap multinationals such as Toyota Motor and Royal Dutch Shell to some large-cap global disruptors such as Sea Ltd and Shopify.

It's got all the big names and more–but only those that are based outside the US. You can find all the largest US stocks on our original Hall of Famers list.

The beauty of these scans is really in their simplicity.

We take the largest names each week and then apply technical filters in a way that the strongest stocks with the most momentum rise to the top.

Based on the market environment, we can also flip the scan on its head and filter for weakness.

Let's dive in and take a look at some of the most important stocks from around the world.

Here's this week's list:

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2 to 100 Club (07-03-2024)

July 4, 2024

From the Desk of Steve Strazza @Sstrazza

Welcome to The 2 to 100 Club.

As most of you know, we use 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.

Tesla Up 10% In One Day

July 3, 2024

The rotation into Consumer Discretionary is happening.

And isn't this exactly what we've always seen in bull markets?

You buy the pull back in the offensive sectors during bull markets.

That's literally what the BTFD stands for.

This rotation into Consumer Discretionary has been exactly that - a BTFD moment.

Look at Tesla up 10% today and up 30% since we highlighted the trade right here 2 weeks ago.

Sector Rotation Sector Rotation Sector Rotation

July 2, 2024

Last night was the big LIVE Event that I host at the beginning of every month.

There is no better way to start a new month, and in this case a new quarter, than going one by one and identifying the direction of primary trends for the world's most important stocks and assets.

Just for perspective, here are the S&P500 and Nasdaq100 Quarterly Candlesticks making new all-time highs, again.

As you can see, these are the types of things you tend to see in bull markets. You do NOT see them in bear markets.

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The Minor Leaguers (07-01-2024)

July 1, 2024

From the Desk of Steve Strazza @Sstrazza

Welcome to The Minor Leaguers.

We've had some great trades come out of this small-cap-focused column since we launched it back in 2020 and started rotating it with our flagship bottom-up scan, Under the Hood.

For the first year or so, we focused only on Russell 2000 stocks with a market cap between $1 and $2B.

That was fun, but we wanted to branch out a bit and allow some new stocks to find their way onto our list.

We expanded our universe to include some mid-caps.

To make the cut for our Minor Leaguers list now, a company must have a market cap between $1 and $4B.

Your 4-month Market Correction

July 1, 2024

This past February the market was running hot!

Too hot.

We saw some of the most bullish sentiment readings in years. And this sentiment came after a historic rally for equities throughout the 4th quarter last year that couldn't miss. Everything was working.

But things can't just go up forever. They need to rest eventually, and reset some of that excessive optimism.

That's exactly what happened.

Despite some of the growth indexes making new highs, a lot of the most important groups of stocks have done absolutely nothing since February.

Look at Consumer Discretionary, Financials, Industrials and Healthcare trading sideways to down this entire time:

"It's Only The High End Consumer"

June 29, 2024

I'm being told that the Consumer is dead and can't afford anything.

That's why "it's only the high end retail" that is doing so well....

Take Williams-Sonoma for instance. It's harder to afford the things they sell at this place:

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The Hall of Famers (06-28-2024)

June 28, 2024

From the Desk of Steve Strazza @Sstrazza

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 $3T – to some of the new-age large-cap disruptors such as Arista Networks and Crowdstrike.

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: