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All Star Charts

Expert technical analysis of financial markets by JC Parets

The Minor Leaguers (08-02-2021)

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From the desk of Steve Strazza @Sstrazza

Welcome to our latest “Minor Leaguers” report.

We’ve already had some great trades come out of this small cap-focused column since we launched it late last year and started rotating it with our flagship bottoms-up scan, “Under The Hood.”

To make the cut for our Minor Leagues list, a company must have a market cap between $1 and $2B. There are also price and liquidity filters. Then, we simply sort by proximity to new highs in order to focus on the best players.

The goal is to catch the strongest names while they’re small and still have serious upside potential. If any of these stocks ever climbs the ranks to the big leagues, the returns could be huge. We’re looking at 5-10x moves just to break into large-cap land!

Let’s dive into this week’s report and see what’s happening in some of the hottest stocks in the Minor Leagues.

[Read more…]

How Bad Can Things Be?

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From the desk of Steve Strazza @Sstrazza

A major theme we’ve been hitting on in recent months is that we’ve reverted to an equity market landscape dominated by US Large-Cap Growth stocks. 

So we know that’s where the strength has been. But up until March-May of this year, these relative trends had actually been favoring Small-Caps and Value, and even other parts of the world over the US.

So was this just a counter-trend rally, or the beginning of a sustainable rotation? The real answer is it depends where you look and how you look at it.

But we are definitely seeing some developments that suggest there could be a rotation back in favor of value-oriented and cyclical stocks in the near future.

This becomes particularly clear when we look at the relative trends of some of these groups vs the S&P. And if we see these industry groups break out on an absolute basis – which many of them already are – this could be the extra juice needed for a true relative trend reversal that would put value back in the driver seat.

Let’s dive in and review some of these areas now!

[Read more…]

Technical Analysis for IPOs

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Initial Public Offerings are exactly that, the initial offering of shares to the investing public. That’s the beginning of price history. This is how it used to be in the old days anyway. Today, we regularly see companies going public so their investors can take profits on their early stage bets. There have usually been several rounds of money raising along the way. The liquidity is to pay investors, and not necessarily just to raise cash to grow the company. And that bothers some people. But not me. I don’t really care. I’m only here to try to make a few bucks off the whole thing. [Read more…]

Don’t Hold Your Breadth

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From the desk of Steven Strazza @Sstrazza and Grant Hawkridge @granthawkridge 

We’ve been super obnoxious about the deterioration in new highs we continue to see in the US.

But the major averages haven’t been phased a bit. The S&P 500 and other large-cap indexes keep charging to new heights.

Yet when we look beneath the surface, we’re hearing a different story… The vast majority of stocks have NOT been making new highs along with the averages. In fact, we’rebeginning to see an expansion in new lows. 

This is a new development that’s commanding our attention right now, mainly because these are the weakest conditions we’ve seen many of our breadth measures since last year. 

At the same time (and just like JC mentioned in his note from yesterday) we’ve already seen a stealth correction for the better part of this year! 

Most stocks are simply NOT making new highs, and haven’t done so since Q1. Plenty more are trending sideways and have already been consolidating for months.  

Perhaps we’ve already seen the market correct beneath the surface. Maybe that was it… 

[Read more…]

The All Star Momentum Scan

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We debuted a new scan recently which goes by the name- All Star Momentum.

All Star Momentum is a brand new scan that pinpoints the very best stocks in the market. This time around, we have incorporated our stock universe of Nifty 500 as the base. Among the 500 stocks that we follow, this scan will pump out names that are most likely to generate great returns.

[Read more…]

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