From the desk of Steve Strazza @sstrazza
Our most recent Under The Hood report was packed with a handful of buying opportunities. As usual, these names are all exhibiting bullish relative strength and offering investors well-defined risk levels to trade against... and of course, reward profiles skewed heavily in our favor.
In an environment like this one... where areas far and wide are making new highs, and even the weakest corners of the market are participating, there is no shortage of strong stocks floating to the top of our bottoms-up scans.
In recent months, this column (as well as the Minor Leaguers) has been dominated by smaller-cap names as SMIDs and Micro-Caps have been where all the buzz is among investors these days due to their aggressive outperformance.
Makes sense, right?
Well, with the latest earnings season just kicking off and results beginning to roll out for all the Mega-Cap Growth names, we're seeing this change as investors' focus seems to be shifting back towards these big boys.
We've been discussing how the weight of the evidence suggests rotation and a resumption of leadership from these tech giants for a while now.
Is it any coincidence that we're just now seeing it happen as these stocks catch the attention of investors again? Maybe... Maybe not.
In this post, we'll check in quickly on this development and outline some long setups in some of these FANG-type names, most of which were on this week's list. We'll also share two bonus setups.
Let's dive right in.
Where better to start than with the biggest of the big, Here's Apple Inc $AAPL.
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