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Too Many All-time Highs to Count

August 31, 2024

It's a good thing this is a long weekend. Because if you're like me, and you actually count how many stocks are going up and making new highs, then it's going to take longer than ever to do it.

The list of stocks going up keeps getting longer and longer. 

That's probably NOT because breadth is deteriorating. 

In fact, the Advance-Decline line on the world's most important stock exchange just hit new all-time highs. So did the world's most important stock index.

 

Meanwhile, we don't have bull markets without Financials participating.

So how are Financials doing?

New all-time highs. Again.

 

But is it just Financials though?

Or are other Sectors making new highs too?

Here are Industrials hitting new all-time highs. Again.

 

Even Materials are participating now.

Chemicals just hit new all-time highs.

And the broader S&P Materials Index just hit new all-time highs. 

 

In bull markets Healthcare does well.

Healthcare's weighting is the 2nd largest in the Dow Jones Industrial Avg and 3rd largest weighting in the S&P500.

Here it is making new all-time highs. Again.

 

It's no wonder that both the Equally-weighted S&P500 and Market-cap weighted S&P500 are also hitting new all-time highs.

Highest monthly closes ever....

 

Finally, I'm not sure if you saw, but Nvidia managed to close UP for the month of August.

Sure, $NVDA had a 22% drawdown last month. 

But it finished up. And that's what matters.

 

So what does this all mean?

What do we do about it?

For me, it's less about Nvidia itself, and much more about finding the NEXT Nvidia.

That's where our 2-to-100 Club comes in.

This system is specifically designed to find the next $100 Billion company. In other words, we're looking for Nvidia before it becomes "Nvidia".

The companies that show up on The 2-to-100 Club scan are involved in the most exciting sectors and industries, like biotech, medical devices, and software.

They’re doing really interesting things. 

The most interesting thing to me is that their stock prices are going up a lot.

That’s the No. 1 characteristic of a company that’s going to scale like an Nvidia $NVDA, for example: It’s making more and more new highs. 

We know this because we broke down the data on companies and stocks that have made those types of moves.

We did it because a few years ago Howard Lindzon challenged us to “figure out how to find the next $100 billion stock.”

Well, we did.

Every week, we’ll show you a list of 30 stocks with market caps between about $2 billion and about $30 billion.

They will have a lot of positive momentum. They will have a lot of relative strength. And they will be making new highs.

We’ll share detailed setups for the ones we like best right now – including risk levels, catalysts, and target prices.

You’ll get an email once a week with that list and those trades. We’ll track those trades for you too.

When stocks I own are going up 10, 20, and 30X, I get excited.

And if you’re like me and that gets you excited, The 2-to-100 Club is for you.

 

Cheers,

JC

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