Not sure if you got the memo, but this is still a Bull Market in stocks.
That hasn’t changed.
Just to be clear.
And this, I think, is where defining who you are and your time horizon is really important. [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
Not sure if you got the memo, but this is still a Bull Market in stocks.
That hasn’t changed.
Just to be clear.
And this, I think, is where defining who you are and your time horizon is really important. [Read more…]
From the desk of Steve Strazza @Sstrazza
Our International Hall of Famers list is composed of the 100 largest US-listed international stocks, or ADRs.
We’ve also sprinkled in some of the largest ADRs from countries that did not make the market cap cut.
These stocks range from some well-known mega-cap multinationals such as Toyota Motor and Royal Dutch Shell to some large-cap global disruptors such as Sea Ltd and Shopify.
It’s got all the big names and more–but only those that are based outside the US. You can find all the largest US stocks on our original Hall of Famers list.
The beauty of these scans is really in their simplicity.
We take the largest names each week and then apply technical filters in a way that the strongest stocks with the most momentum rise to the top.
Based on the market environment, we can also flip the scan on its head and filter for weakness.
Let’s dive in and take a look at some of the most important stocks from around the world.
by David
From the Desk of Steve Strazza and Alfonso Depablos
The largest insider buy on today’s list comes in a Form 4 filing by Frederik Wilhelm Mohn, director at Transocean Ltd $RIG.
Mohn reported a purchase of $4.8 million worth of RIG shares.
by JC
What a month for investors!
My understanding is that due to higher inflation, February now has 29 days.
And so here we are: March 1st.
You know what that means?
New Monthly Charts are now available, and we’ll be going over it all together this Monday March 4th @ 6PM ET.
Premium Members can register for that here.
In the meantime, check out the monthly candlesticks for Crude Oil Futures. Look at this massive base above support: [Read more…]
by David
From the Desk of Steve Strazza and Alfonso Depablos
The largest insider buy on today’s list comes in a Form 4 filing by JANA Partners Management LP.
The investment firm reported a purchase of roughly $11 million in Mercury Systems Inc $MRCY.
by JC
There’s a lot happening in Crypto Markets right now, in case you hadn’t heard. Bitcoin just hit $64,000. We’ll talk about all that today at 2.
But even in traditional financial markets, you’re seeing massive rotation.
How many investors do you believe are prepared for a market environment where Crude Oil prices are going up and the S&P500 is falling?
We saw that exact rotation last summer and into the Fall. But that was just the appetizer. What are you going to do when the main course gets served? [Read more…]
From the Desk of Steve Strazza @Sstrazza
Welcome to The 2 to 100 Club.
As most of you know, we use 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 are today.
When you look at the stocks in our table, you’ll notice we’re only focused on Technology and Growth industry groups such as Software, Semiconductors, Online Retail, Solar, etc.
Then, like any good technician, we filter the list down to those closest to new highs.
This allows the cream of these strong groups to rise to the top and helps streamline our mission to identify technical breakouts in the top-performing stocks.
by David
From the Desk of Steve Strazza and Alfonso Depablos
The largest insider buy on today’s list comes in a Form 4 filing by Cary Grace, president and CEO of AMN Healthcare Services $AMN.
Grace reported a purchase of almost $1 million in AMN shares.