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

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 our latest project, 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.

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

The largest insider buy on today’s list comes in a Form 4 filing by Jane T. Elfers, president and CEO of The Children's Place $PLCE.

Elfers reported a purchase of 43,000 PLCE shares, equivalent to $1 million.

From the Desk of Kimmy Sokoloff

We have data coming out at 8:30 a.m. ET that could potentially move this market.

Not much is striking me today.

The Dow Jones Industrial Average is the world's most important stock market index.

While many think the "pros" use the S&P500 because they may be benchmarked to it, those "pros" are not your problem.

DON'T FIGHT PAPA DOW, is how I learned it.

If you get the Dow 30 right, you'll get the S&P500 right.

And if you're going to do a sum of the parts analysis, would you rather try to get the direction of 30 stocks right? Or 500?

With the S&P500 already hitting new 52-week highs, do you think the Dow is next?

They look the same don't they?

From the Desk of Kimmy Sokoloff

I said this morning that if we break the 440 level on $SPY we can see 438.

We hit 437, then we bounced.

We'll see what tomorrow brings.

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

The largest insider buy on today’s list comes in a Form 4 filing by Bihua Chen on behalf of Helix Holdings LLC.

Helix revealed an additional purchase of $40 million in MoonLake Immunotherapeutics $MLTX.

From the Desk of Kimmy Sokoloff

$SPY is consolidating up at the 440 level. Should we break it, we can see 438.

The market is digesting the minutes from the June Fed meeting that were released yesterday, and the odds of a rate hike at the July 25-26 meeting have increased.

This is the video recording of our July 5th Monthly Charts Live Strategy Session

From the Desk of Steve Strazza @Sstrazza

Welcome to The 2 to 100 Club.

As many of you know, something we've been working on internally is using various bottom-up tools and scans to complement our top-down approach.

It's really been working for us!

One way we're doing this is by identifying 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.

Me and Steve Strazza are currently aboard an airplane to Singapore for the beginning of our 21-day trip throughout Southeast Asia.

We're headed there to meet traders, chartists, and locals to learn how others approach risk.

And one thing that is on my mind is: "Where are we going to stay?"

This feels right as today's trade of the day often answers this question for many travelers.