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

1. No new positions today.
2. Rolled XME position to November options.
3. Exited XLB position for a "profit."
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

Momentum has returned back to the crypto asset class over the short term.

Although there is work to be done, it is positive to see the S&P 500 reclaim a new high and Bitcoin traders return back to making money.

I have changed my intermediate bias to bullish while keeping my short term bias at neutral.

I remain insistent on the value of patience in this tape.

This is the weekly post that aggregates all the charts we put together throughout the week and organizes them all into one, easy to flip through deck.

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...

I like to give credit to where credit is due.

If I learn something from someone and I quote it, I always do my best to also mention who I learned that from. 

When someone on my team makes a good call, or builds something really valuable, I'm the first one who stands up to give them credit for it.

But this one is mine. I'll take the credit for this list.

Here's the thing though. While I did think building this would be a good idea, it has exceeded expectations across the board.

I may have made a good call. But I'm still a dummy for not realizing just how valuable this would end up being for us. 

The market is humbling that way.

Without any further ado, let me present you with the All Star Charts Hall of Famers. 

These are the largest 150 companies in America by market-cap. These are the stocks that are driving returns. These are the names that need to do well if you want your favorite indexes to do well too,

You guys know how much I appreciate the value we get from the Dow Jones Industrial Average. 

But there are other names that are arguably just as important, or in many cases even...

It has been over 1,600 days since Crude Oil futures traded below zero in 2020, which preceded one of its best 2-year bull markets in history.

Since the peak in early 2022, energy has been a tough trade for those with trend-following strategies and a favorable one for mean-reversion strategies.

Crude Oil futures are at the lower bound of a multi-year range, and the Energy Sector SPDR $XLE has the fewest percent of stocks above their 200-day moving average out of all 11 sectors. 

Energy has been a laggard recently.

However, it's important to remember where energy has come from. Crude Oil futures went from below 0 to 130 in less than two years, and the XLE is the second best-performing sector since Covid, lagging only Technology $XLK:

The outperformance has been in the energy sector. Just not recently...

But that could be changing soon with energy futures digging in at major levels of interest.

Crude Oil futures are bouncing off a key level of polarity:

This is what former resistance turning into support looks like...

We just got done with our Fall Portfolio Accelerator in Chicago.

It went even better than expected.

I think we're going to make so much money from the ideas and strategies we discussed over the past two days.

It's not even fair to have so many smart traders and investors in one room. Not to mention, we also got to go to the Cubs game last night, the CBOT on Wednesday and a tour of the Pat Tillman Foundation as well.

All around I think it was a huge win for all of us. Our entire team got to fly in from all over the world to spend some time in Chicago, many of them for the first time. 

We had some special guest rock stars come by to drop some...

From the desk of Steve Strazza @Sstrazza

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.

Then, we sort the remaining...

It's not just 7 stocks that are going up.

The S&P500 just made new all-time highs again today. But so did the Mid-caps.

Here is the S&P400 Mid-cap Index, which by definition includes only stocks that are NOT in the S&P500, hitting new all-time highs.

Meanwhile, the S&P600 Small-cap Index, is only 0.4% from a new 52-week high and only 2.5% from a new All-time high, which would finally get it to exceed its 2021 cycle peak.

It's a bull market.

And so we're acting accordingly.

We're in Chicago for our 2-day Portfolio Accelerator and this was one of the important topics of discussion that we covered in Day 1. 

How should we act?

What should we do with our time?

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

1. New position in XHB.
2. No adjustments are needed today.
3. Exited KRE position for a profit.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

At Portfolio Accelerator today, Uber was a name that was getting everybody excited. It looks like it's setting up for another run to and through all-time highs.

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

1. New position in XLE.
2. No adjustments are needed today.
3. Exited XLP position.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!