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.
It's not a secret around here that Energy stocks have been doing well.
No one here cares that some investors got caught holding the bag in those growthy tech stocks, and didn't have anywhere near enough energy exposure over the past couple of years.
It's not my fault that the S&P500 was only 2% Energy but 26% Technology.
What do the movies The Wizard of Oz and The Matrix have in common? The answer is that they both are stories about artificial intelligence. The Wizard of Oz is one of the earliest examples of this in popular culture, with the philosophical question of what types of AI matter most - was it the Scarecrow, who needed brains (computational power), or the Tin Man, who needed heart (the emotional intelligence to understand us)?
Thanks to the efforts of early pioneers in the field like Alan Turing in the 1950s, who helped address and begin work on these problems, we can fast forward 70 years and marvel at contemporary companies like OpenAI, that have solved many of those initial challenges.
Here at All Star Charts, we’re more old school – but we’re not outdated. We know that the foundations of technical analysis are predicated on the study of behavioral science, and how biases like price anchoring, fear, and greed create repeatable patterns we can take advantage of.
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.
