I was actually a customer of All Star Charts Premium research before ever meeting or working with JC.
When I was just finding my way into technical analysis, guys like Brian Shannon, Frank Cappelleri, and JC really resonated with me.
Their charts, their analysis, the way they viewed and discussed markets… They were speaking my language.
I wanted to do what these guys were doing. End of story.
Without them as my early mentors, I never would have had the faith and courage to make the big career change I did.
Over time, JC and I got to know each other over email. We found out we went to the same college and both liked food, sports, and charts… a lot.
We met at a CMT symposium later that year.
I started doing some project work for him while I was still consulting for the Big 4. I begged him to hire me for a while. He finally did, and the rest is history.
I joke with him sometimes that I’m the best investment he ever made.
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.
Growth is the largest area of the market, and betting on these stocks has become one of the primary strategies for US investors.
As such, the question of “which growth stocks” always lingers.
And these companies come in all different shapes and sizes.
For example, we all know about the mature, high-quality growth names like Nvidia, Meta, and Netflix…. Think Magnificent 7. The best stocks.
And then there are some real offensive, high-beta growth names. I’m talking about companies that are still pre-revenue, or just turning the corner in terms of profitability.
I like to boil it down to two broad baskets…
There is large-cap/quality growth.
And there is speculative growth.
So far, the current bull market has been dominated by the largest growth companies in the world. They have been the clear leaders. It hasn’t been close.
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.
If you’ve been following along, you already know. We want our offense on the field. We’re going long.
For baseball folks, we’re putting the pinch hitter in. We’re looking to go yard.
Welcome to the growth chronicles.
Over the coming weeks, I’ll be doing a series of posts on the most risk-on areas of the market.
The list of industry groups that are in uptrends continues to grow, fueled in large part by the speculative growth theme.
I’m going to cover the ones I’m most interested in and talk about the specific stocks I’m buying.
This week, it’s all about space and exploration.
While the market awaits the much-anticipated SpaceX IPO, I think many investors will be surprised at just how many options we already have to play this theme.
There is even an index for it. Here’s the ARK Space Exploration & Innovation ETF:
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 TheJunior 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.
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.
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.
The reaction to both the election and the FOMC was overwhelmingly positive for risk assets across the board.
A long list of stock market indexes and individual issues just had their best day since the pandemic lows almost 5 years ago.
NYSE new highs just hit its highest reading in years, telling us the rally is supported by the broadest level of participation this cycle.
The election ended up being the catalyst to break out prolonged ranges in things like regional banks, biotechs, speculative growth, industrial metals, and even bitcoin.
These groups are finally joining the bull market party, and they are kicking it off in a big way.
So, what’s the big takeaway from all this?
The chart that illustrates it best is the Russell 2000 Micro-Cap Index $IWC:
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.