From the Desk of Steve Strazza and Alfonso Depablos
The largest insider buy on today’s list comes via Form 4 filings by Stellantis NV.
The multinational automaker reported a purchase of $15.6 million in Archer Aviation Inc $ACHR.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Steve Strazza and Alfonso Depablos
The largest insider buy on today’s list comes via Form 4 filings by Stellantis NV.
The multinational automaker reported a purchase of $15.6 million in Archer Aviation Inc $ACHR.
by JC
Stocks are down again to start the week.
All of this while Bitcoin is making new all-time highs this morning:
BTCUSD: $72,000
Get all our Crypto Trades Here – Bitcoin and Altcoins
Meanwhile, there’s a Dow Theory Divergence that continues to cast a huge cloud over the US Stock Market.
We saw the exact same divergence just before the Covid crash.
Notice how the Dow Jones Industrial Average is making new highs, but the Dow Jones Transportation Average is nowhere near new highs. [Read more…]
by JC
The stock market feels heavy.
The majority of stocks are having a hard time making new highs.
Some of the largest Technology and Consumer Discretionary stocks keep breaking down to new lows.
So let’s check in on how the journalist community feels about the current market: [Read more…]
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.
by David
From the Desk of Steve Strazza and Alfonso Depablos
The largest insider buy on today’s list comes via Form 4 filings by the executive vice president and CFO of Caesars Entertainment Inc $CZR, Michael E. Pegram.
Pegram reported a purchase of CZR shares in the amount of $621,750.
From the Desk of Steve Strazza @Sstrazza
We held our March Monthly Strategy Session Monday 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.
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 to express our bullish thesis as possible. This is a good way to do just that.
Let’s dive right in and check out what these future big boys are up to.
by David
From the Desk of Steve Strazza and Alfonso Depablos
The largest insider buy on today’s list comes via Form 4 filings by Warren Buffett and Berkshire Hathaway.
Buffett and Berkshire reported purchases in The Liberty SiriusXM Group $LSXMA for a total amount of $107 million.