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:

I recently came across a video on youtube from a very smart man – whom I respect and have had several favorable interactions with – that made me shake my head.

But before I throw any shade on any other professional colleague, let me be the first to say that I’m no genius. My shit stinks too, and I’m sure I’m equally guilty of throwing questionable ideas or thoughts out into the metaverse from time to time. I’m human, just like everyone else.

So here’s what got me rankled.

The video had a catchy title like: “How I made fourteen hundred dollars in one day trading 0-DTE options.”

Ok. I’m interested. I like to make that kinda money each trading day. Tell me more!

The short video went on to demonstrate how this trader sold a slightly out-of-the-money naked put in $SPX options expiring that same day – a day in which SPX rallied from start to finish making the put expire worthless. This allowed the trader to keep the $1400 he collected from selling that one put contract short near the open of trading that day. That’s pure profit, baby!

Cool. Great trade!

But here’s the thing. Actually, here are several things…

From the desk of Steve Strazza @Sstrazza

We held our April Monthly Strategy Session on Monday night. Premium Members can access and rewatch it here.

Non-members can get a quick recap of the call simply by reading this post each month.

By focusing on long-term, monthly charts, the idea is to take a step back and put things into the context of their structural trends. This is easily one of our most valuable exercises as it forces us to put aside the day-to-day noise and simply examine markets from a “big-picture” point of view.

With that as our backdrop, let’s dive right in and discuss three of the most important charts and/or themes from this month’s call.

From the Desk of Kimmy Sokoloff

For a short week it really was kinda long.

We had a nice consolidation over these four days.

We'll see if we can trend higher next week.

From the Desk of Steve Strazza @Sstrazza

When investing in the stock market, we always want to approach it as "a market of stocks."

Regardless of the environment, there are always stocks showing leadership and trending higher.

We may have to look harder to identify them depending on current market conditions. But there are always stocks that are going up.

The same can be said for weak stocks. Regardless of the environment, there are always stocks that are going down, too. 

We already have multiple scans focusing on stocks making all-time highs, such as Hall of Famers, Minor Leaguers, and the 2 to 100 Club.

We filter these universes for stocks that are exhibiting the best momentum and relative strength characteristics. 

Clearly, we spend a lot of time identifying and writing about leading stocks every week, via multiple reports.

Now, we're also highlighting lagging stocks on a recurring basis.

Welcome to the Short Report.

The next new position in our Paid-to-Play portfolio is:

It's about time that Healthcare stocks get going again.

Remember, this is the 2nd largest sector weighting in the S&P500 (after Technology).

It's a really important group of stocks, representing over 14% of the index, that had essentially gone nowhere for 2 years.

Until the past few weeks....

How will a breakout in Healthcare impact the S&P500?

Do you think S&Ps roll over and break down if the 2nd largest component is breaking out of a multi-year base to new all-time highs?

Today's most significant insider transaction is a Form 4 filing by the president of Planet Labs PBC $PL, who reported a purchase of $997,113.

Millennium Management filed a 13G for AMC Entertainment $APE revealing an original stake of 5.30%.

From the Desk of Kimmy Sokoloff

Happy Easter to all those celebrating this weekend!

The market is in consolidation mode, and we'll soon find how much more it needs.

From the Desk of Kimmy Sokoloff

The market surely did consolidate today, but the action was extremely whippy.

Tech led the way lower, but there isn't any fear out there, as the $VXX keeps sliding lower.

From the Desk of Ian Culley @IanCulley

US Treasury futures are breaking out.

The 30-, 10-, and 5-year contracts are trading above our risk levels. And the bond ETFs we covered a couple of weeks ago are also flashing buy signals.

The bond market is sending a well-advertised message to all investors…

It’s time to buy bonds.

Let's review one of the most liquid treasury ETFs, $TLT.

Zooming out on the weekly chart of the Treasury bond ETF TLT… 

We have a potential failed breakdown below the former 2014 lows, followed by a tight, multi-month consolidation.

We kicked around a few ideas in this morning's Analyst meeting and the one thing that stood out to me is that I do not currently have any long exposure to the healthcare sector --- one of the strongest sectors out there.

That changes today.

We're going to get long a familiar name in the space, but we're going to do it carefully with a defined risk spread because we've got earnings coming up soon. So we'll go for a longer-duration trade and bet on earnings to be a catalyst for higher prices.