Each year, Americans buy over 600 million pounds of candy and eat over 1 pound each for Halloween.
It's a lot...
But are there opportunities to profit from Americans ritualistically eating way too much candy? You betcha!
Let's talk about it.
After a historic 190% run earlier this year, cocoa futures have formed a textbook consolidation pattern:
In addition, chocolate bears have failed to register an oversold reading as the bulls have maintained control during this consolidation phase.
We like owning cocoa futures above 6,900, with a target of 11,700 over the coming 2-4 months.
Sugar futures look poised to retest last year's high:
After rallying 20% in a single week last month, the sweet commodity has formed a sweet bullish continuation pattern. If and when this pattern is resolved, we want to own sugar futures in anticipation of a fresh leg higher.
In addition to the chart pattern, the bulls registered a 14-day RSI reading above 80 during the last leg higher, as they were in...
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...
In this scan, we look to identify 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...
We've had some great trades come out of this small-cap-focused column since we launched it back in 2020 and started rotating it with our flagship bottom-up scan, Under the Hood.
For the first year or so, we focused only on Russell 2000 stocks with a market cap between $1 and $2B.
That was fun, but we wanted to branch out a bit and allow some new stocks to find their way onto our list.
We expanded our universe to include some mid-caps.
Nowadays, to make the cut for our Minor Leaguers list, a company must have a market cap between $1 and $4B.
And it doesn't have to be a Russell component — it can be any US-listed equity. With participation expanding around the globe, we want all those ADRs in our universe.
The same price and liquidity filters are applied. Then, as always, we sort by proximity to new highs in order to focus...
Check out the recent performance from uranium stocks:
Each bubble's location is determined by its 10-day change on the x-axis, the trailing 3-month return on the y-axis, and the 14-day RSI is the size.
LEU, OKLO, and SMR are the stocks that stand out the most amongst their peers. Each of these 3 leaders is involved with nuclear energy for the AI boom.
The VanEck Uranium Energy ETF $NLR is decisively resolving a multi-decade base:
This fund holds large positions in the largest uranium stocks like Constellation Energy $CEG, Cameco $CCJ, and BWX Technologies $BWXT.
The breakout to new multi-decade highs is happening as breadth in the industry is expanding.
The GlobalX Uranium ETF $URA has a large Cameco...
You're overthinking the whole dollar and oil connection.
As a trader, I love finding intermarket relationships to guide the way I look at markets. While those links matter, I have to remember that they aren’t set in stone. They change as the world changes.
War and energy production can really shake up these correlations.
In early 2022, the correlation between the dollar and oil hit a 20-year high.
That year, the Russia-Ukraine war had just begun, and there was a rush into the US dollar. I like to call the dollar a "panic currency" because when things get tough, people flock to it for safety.
In 2022, the war caused a huge spike in energy prices, and the dollar rose along with it.
Right now, with so much uncertainty in the world—between wars and an unclear future with the election right around the corner—it makes sense that the dollar would move alongside oil.
But it won’t last forever.
Notice the strong and consistent negative correlation from 2002 until recently.
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.
Here’s this week’s list:
*Click table to enlarge view
We filter out any laggards that are down -5% or more relative to the S&P 500 over the trailing month.
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 this one, 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 TheJunior 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.