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.
Some of the best performers in recent decades – stocks like Priceline, Amazon, Netflix, Salesforce, and myriad others – would have been on this list at some point during their journey to becoming the market behemoths they are today.
When you look at the stocks in our table, you'll notice we're only focused on Technology and Growth industry groups such as Software, Semiconductors, Online...
Last night might have been the most important LIVE Conference Call we've ever had.
Traders and Investors have so many questions right now about the coming months and quarters that we had so much to talk about.
We went over all the most important trends in the market today, what our favorite setups are from the long side, what the new downside risks look like, and my one favorite place to put money to work RIGHT HERE RIGHT NOW.
I came down with a pretty bad cold this weekend. Most of my Sunday was spent quarantined in my office so I wouldn't get my kids sick (4yr old and twin 2yr olds).
Of course, rather than laying in bed resting, I was in my office looking through charts.
I couldn't help myself.
It's my way of relaxing. And as it turns out, I do feel a lot better today than I did when I woke up yesterday.
But one thing I was able to do was go one by one counting stocks, sectors and indexes all over the world to see if these ugly rumors about weakening market breadth were true.
As it turns out, they're just lies.
Market breadth continues to expand as more and more countries around the world are hitting new highs, not fewer.
Welcome back to Under the Hood, where we'll cover all the action for the two weeks ended January 3, 2025. This report is published bi-weekly, in rotation with The Minor Leaguers.
What we do here is analyze the most popular stocks during the week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.
We use a variety of sources to generate the list of most popular names.
There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: a list of stocks that are seeing an unusual increase in investor interest.
Click here for a behind-the-scenes look at our process.
Whether we’re measuring increasing interest based on large institutional purchases, unusual options activity, or simply our proprietary lists of trending tickers, there’s...
Bonds are telling the story of this market, and if you’re not listening you’re already behind!
Growth, inflation, liquidity – it’s all written in the bond market’s moves, making bonds the most critical tool for any trader.
Period.
The 2 year US Treasury yield exploded higher the moment the Fed started cutting rates – a massive tell that expectations shifted on a dime, as the chart clearly shows.
Now that same yield has flipped direction and is plunging lower. You know what that means: liquidity could start flooding the system once again.
When liquidity increases, money doesn’t sit still – it moves fast.
We’re watching capital rip through the market, rotating in to international stocks like it’s got something to prove.
The Fed might think they’re steering the ship with their rate tweaks, but the bond market says otherwise.
It’s the bond market that leads the way – always has, always will.
The bull market rages on, despite any ugly rumors you might here that it's over.
They love pretending that the bull market is done, because scaring you is good for business.
Telling you the world has never been a better place is just not good for the noisemaking community.
It's good for investors though! That's us...
Anyway, historic back-to-back years for the stock market now continues to expand broadly all over the world.
Here is the "Earth Index" closing the month once again at a new all-time high.
Notice how the United States barely represents half of this Index.
In some of the other Global Indexes, the U.S. carries a much higher weighting, over 80% in some cases.
50% of the Index is about right in my opinion.
You've got a lot of UK and Europe in this one, so it should be no surprise that the London FTSE 100 and the broader London FTSE 350 both closed the month at new all-time highs again yesterday.
Here is the broadest measure of European Equities, which include all the small-caps, mid-caps and large-caps, also hitting new all-time highs: