The broadest measure of European equities just hit new 52-week highs last week.
As you can see here, Europe went nowhere for 20 years, mostly due to its lack of exposure to high growth stocks like the United States.
And now that those growth stocks have been out of favor, and it's the more Industrial and cyclical stocks leading the way this bull market, Europe is the global leader once again.
It's the U.S. that's the laggard.
Here's the Euro STOXX 600 hitting new 52-week highs and coming out of a multi-decade base:
From the Desk of Steve Strazza @sstrazza and Alfonso Depablos @Alfcharts
This is one of our favorite bottom-up scans: Follow the Flow.
In this note, we simply create a universe of stocks that experienced the most unusual options activity — either bullish or bearish, but not both.
We utilize options experts, both internally and through our partnership with The TradeXchange. Then, we dig through the level 2 details and do all the work upfront for our clients.
Our goal is to isolate only those options market splashes that represent levered and high-conviction, directional bets.
Welcome back to Under the Hood, where we'll cover all the action for the week ended February 17, 2023. This report is published bi-weekly and rotated with The Minor Leaguers.
What we do here is analyze the most popular stocks during the week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.
We use a variety of sources to generate the list of most popular names.
There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: a list of stocks that are seeing an unusual increase in investor interest.
These are the registration details for our Live Mid-month Conference Call for Premium Members of All Star Charts.
Our Live Call will be held on Tuesday February 21st at 6PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.
From the desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts
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.
Losing money is part of winning over the long run.
There is no winning without losing. Sounds crazy, but traders know this to be true.
We’ve all heard that losses are lessons. They are expensive lessons, but often the most valuable. Nothing valuable comes cheaply.
During the triage phase of dissecting what went wrong, we often have “a-ha!” moments that lead to new rules and new promises, and renewed confidence. “Next time,” we tell ourselves, “the outcome will be drastically different!”
