From the Desk of Steve Strazza @Sstrazza

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 The Junior 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.

The bottom line is it is a bull market. We want as many vehicles and...

We're now over 2 years into a bull market, so you know what that means?

It means correlations have come off a lot.

Keep in mind that when volatility spikes, correlations among S&P500 components shoot up to one. 

It seems like they all move together, either up or down, depending on how the day goes.

We saw that in 2022 and we most certainly saw that during Covid.

But now that we're 2 years into this bull market, correlations have come off so much that it is easier than ever to find BOTH winners and losers out there.

This is NOT an "everything moves together" market. It's actually the furthest thing from it.

Take a look at SharkNinja, for example, making new all-time highs again this month.

Earlier this week I was just trying to do some harmless research on SharkNinja $SN and now I got my wife asking me why I'm looking at women's vibrators on amazon...

"It's just part of the job babe. Just part of the job..."

Apparently SharkNinja's product line extends beyond vacuum cleaners and blenders.

I had to learn that one the hard way...

Meanwhile, a big question I find myself asking here is...

This is the video recording of our September 4 Monthly Charts Live Strategy Session

From the Desk of Steve Strazza @Sstrazza

Welcome to The 2 to 100 Club.

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...

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...

From the Desk of Steve Strazza @Sstrazza

The biotech market has a great divide between the haves and have-nots. Some stocks have experienced tremendous markup phases, while others can't seem to get out of the doghouse.

Today, we're covering a biotech stock that has rallied nearly 200% this year. 

Despite this rally, the short sellers have continued to add to their positions and are close to carrying their largest short position ever.

With the stock coiling at a shelf of former highs from last summer, we're betting the short sellers are on the verge of unwinding their positions and sparking a short squeeze.

With yesterday's market action firing, potentially, another warning shot that Q4 trading will be challenging, I'm on the hunt for opportunities that may be a bit more uncorrelated to the risk I currently have on the books.

One such opportunity is presenting itself in the bond market and we're going to position ourselves to win both in the short-term or the longer-term.

In today’s Daily Digest, we’ll review the following:

1. No new positions today.
2. Adjustment to SMH position.
3. No exits since the last report.
4. Current status of open campaigns.

Let’s dig in!

The September Monthly Candlesticks Strategy Session for ASC Premium Members is happening tonight at 6 p.m. ET.

Click here to register.

As we head into September, we want to keep in mind that this is historically one of the most difficult months of the year for stock market investors.

But what could cause markets to struggle for a while, after such an impressive year for returns?

This is the chart that stands out the most to me. We're looking at Technology relative to the S...

Crypto markets have been trending lower and I have purposefully been putting on very few trades. I think this is the best approach for now while the market sets up.

View this as a positive thing, because while many are losing money and getting emotional, we have the ability to be patient and preserve our capital.

This means that when the good times inevitably return, we can go back to making money rather than clawing back from a drawdown.

These are the registration details for our Live Monthly Candlestick Strategy Session for Premium Members of All Star Charts.

This month’s Video Conference Call will be held on Wednesday September 4th @ 6PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.

Here are the details for Wednesday evening:

It's no secret that we're in a bull market for precious metals.

We made the argument for a new secular uptrend for these shiny rocks in last week's Gold Rush video.

Why do we think this is the case?

Gold futures have been printing fresh all-time highs seemingly every day, and precious metals stocks have followed suit with new highs of their own.

When you go back and study the previous cycles you'll notice that every bull market is characterized by more and more stocks making new highs along with the underlying futures contracts.

So let's take a step back and look at some stocks that are making new highs.