The largest insider transaction on today’s list comes in a Form 4 filed by Michael Andrew Chambers, director of Sarepta Therapeutics $SRPT.

Chambers reported a purchase of SRPT shares worth $3.7 million.

The Nasdaq100 is already down 4.5% this month. Technology as a sector is down almost 6.5% for August.

But corrections are a choice, not a requirement.

As an investor, you make the choice and decide which assets you want to own and which you do not.

Remember, "Passive Investing" is a lie. There's no such thing. All investors are active. The difference is whether you choose your portfolio holdings, or you let some random index providers make those decisions for you.

But we're all active investors, whether we like it or not. Don't forget that.

So even thought the indexes are messy this quarter, take a look at Energy hitting new 6-month highs this week:

From the Desk of Kimmy Sokoloff

It should be a little bit of a calm week, although we do get retail sales coming up.

Typically in mid-August we get a bounce.

$SPY still hasn't closed its gap below at 442.97. I was looking for that last week, no dice.

From the desk of Steve Strazza @Sstrazza

Dividend Aristocrats are easily some of the most desirable investments on Wall Street. These are the names that have increased dividends for at least 25 years, providing steadily increasing income to long-term-minded shareholders.

As you can imagine, the companies making up this prestigious list are some of the most recognizable brands in the world. Coca-Cola, Walmart, and Johnson & Johnson are just a few of the household names making the cut.

Here at All Star Charts, we like to stay ahead of the curve. That's why we're turning our attention to the future aristocrats. In an effort to seek out the next generation of the cream-of-the-crop dividend plays, we're curating a list of stocks that have raised their payouts every year for five to nine years.

We call them the Young Aristocrats, and the idea is that these are "stocks that pay you to make money." Imagine if years of consistent dividend growth and high momentum and relative strength had a baby, leaving you with the best of the emerging dividend giants that are outperforming the averages.

By adding our technical analysis to the mix, the Young...

This is the weekly post that aggregates all the charts we put together throughout the week and organizes them all into one, easy to flip through deck.

From the Desk of Ian Culley @IanCulley

Energy contracts are breaking out.

Crude oil and gasoline futures are completing major reversal patterns.

Heating oil is ripping higher.

Natty gas has traders on the edge of their seats (what’s new?) as it heads into a seasonally favorable stretch.

But what about the rest of the commodity space?

Check out the overlay chart of our equal-weight energy index and our equal-weight broad commodity index:

Both averages have followed the same path since the 2020 lows despite a mere 15% weighting toward energy in our broad commodity index. 

But energy is pulling away. Oil and gas names are taking on a leadership role among US equities as their underlying commodities confirm by digging in and resolving higher.

I like buying energy – stocks and commodities. And I outline two new trade ideas from the energy space at the end of today’s post.

I love a good trade setup as much as anyone....

From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts

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.

Here’s this week’s list:

Click table to enlarge view

We filter out any laggards that are down -5% or more relative to the S&P 500 over the trailing month. 

Then...

From the Desk of Ian Culley @IanCulley

We have the smartest clients!

We might not always agree on the market direction at All Star Charts, but we all share that sentiment. 

Our readers ask the best questions. And I selfishly benefit every time as it forces me to clarify my thoughts into a coherent response.

As I answered an email last night, I realized I had to share it with everyone:

From the Desk of Kimmy Sokoloff

What a week it's been, straight down for the indices.

Maybe next week we get that mid-August bounce.

Today I had four wins and four losses.

Keep in mind my shorts are a fraction of my longs, so, yes, they were losses, but my wins were larger.

We've adjusted a position in the Paid-to-Play portfolio today:

The largest insider transaction on today’s list comes in a Form 4 filed by Steven J. McLaughlin, founder and CEO of FT Partners, a fintech-focused investment banking firm.

McLaughlin revealed an additional purchase of $2.7 million in Expensify Inc $EXFY.

From the Desk of Kimmy Sokoloff

We have PPI out this morning, and CPI yesterday didn't bode well for the market.

We really haven't had a market rally in over a week. The market tried yesterday but failed.