We don't have bull markets without Financials. It's just how the market works, both in the United States and Internationally.
European Banks keep ripping. Japanese Banks keep ripping.
And you're seeing it in the United States as well. Berkshire Hathaway is the largest component of the S&P Financials Index, and BRKA just went out at new all-time highs again this week.
Here are the exchanges, still dominating as well. Both the CME Group and Intercontinental Exchange are hitting new all-time highs:
If this is your first bull market, I would encourage you to go back and study former bull markets throughout history.
You'll notice similar behavior from Financials.
It's when things are making a turn for the bad that Financials really struggle.
We're currently seeing the opposite.
By my work, it's really the more "Value" oriented areas of the market that keep dominating returns, while the "Growth" areas have corrected.
Here is a list of the very best of the biggest companies in America. Notice all the Financials, Industrials, Healthcare and Energy.
This list is sorted by relative strength and the "...
The best is when you're already moving on a position, and then new extremes in sentiment confirm the opportunity that you had already identified.
This is the setup currently in place for shares of Tesla stock.
Last week I told you how I had 2 separate experiences with normies who were telling me how much they hated Elon Musk. This was on an unsolicited basis. I didn't even ask.
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.
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 TheJunior 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.