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Germany Hits New All-time Highs

December 8, 2023

The bull market continues to last longer than most people have expected.

Some investors don't even realized that stocks have been in a bull market. They haven't bothered to look.

So while the glorified gossip columns are telling you that only 7 stocks are going up, we keep seeing broadening participation in stocks all over the world.

It's the exact opposite of weak breadth.

Look at the German DAX, for example, going out this week at a new all-time high:

All Star Options

[Options Premium] Calling All Degens!

December 8, 2023

The speculative juices are returning to the cryptocurrency space, and the bulls are starting to reemerge from the shadows as Bitcoin, Ethereum, Solana, and many of the smaller (MOAR!) speculative names are starting some eye-popping gains.

As equities traders, we don't have a proper spot ETF to play anything in the crypto space, but the closest thing we have is Microstrategy $MSTR.

So we're going to use this vehicle to make a speculative bet on a potential upside-down waterfall move in Bitcoin.

 

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Junior Hall of Famers (12-07-2023)

December 7, 2023

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 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.

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

Cormorant Reports a $42 Million EYPT Purchase

December 7, 2023

From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on today’s list comes in a Form 4 filing by Cormorant Asset Management.

The investment firm reported a purchase of $41,874,150 in EyePoint Pharmaceuticals $EYPT.

December Strategy Session: 3 Key Takeaways

December 7, 2023

From the desk of Steve Strazza @Sstrazza

We held our December Monthly Strategy Session last 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.

Ethereum Breaks Out of an 18-Month Base

December 7, 2023

From the Desk of Louis Sykes @haumicharts

At this point last year, investors had convinced themselves there was no floor for cryptocurrency prices.

Everyone was losing money.

Crypto firms were blowing up right and left. 

People were letting fear dictate their decision-making process.

Do you remember it?

We certainly do.

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2 to 100 Club

2 to 100 Club (12-06-2023)

December 7, 2023

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.

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...

[Options] Turning the KEY

December 6, 2023

Today's trade has me thinking of this classic corny joke from Pulp Fiction:

One of the strongest sectors out there right now is banking. Particularly regional banks. And as we head into year-end, the catch-up trade is real and money managers chasing alpha are looking into some beaten-up names in the regional banks to get the juice they need to make their year.

This plays in favor of today's trade which has a yawning gap to fill which is likely to overshoot on the upside if a broader market melt-up is in the cards (narrator: we think it is).

Check out this chart of KeyCorp $KEY: