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.

From the Desk of Ian Culley @IanCulley

Last month’s bond rally has legs.

Long-duration bonds have gone from printing multi-month highs to reclaiming their March pivot lows in just a few weeks.

So, let’s revisit our recent swing trades as they continue to run...

Thirty-year T-bond futures sliced through our initial target of 122:

Luckily, a completed bull flag provides a precise level to define our risk.

We can take another long position in T-bond futures, targeting 134, but only if it holds above 124’09.

Here's a look through the equities market…

The long-duration bond ETF $TLT is on the verge of reclaiming a critical shelf of former lows:

From the desk of Steve Strazza @Sstrazza

Welcome to The 2 to 100 Club.

As many of you know, something we've been working on internally is using 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.

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.

From the Desk of Ian Culley @IanCulley

If it wasn't at the very top of the list, the Japanese yen was certainly among the best shorts of 2022.

But the times they are a-changin’.

King Dollar has ducked down a dark alley.

And it doesn't take a weatherman to tell us to buy the yen.

Here are Japanese yen futures carving out a year-long base following fresh 30-year lows:

I like buying strength on a breakout of this bottoming formation. But the yen has quite a way to travel before completing this possible double bottom. 

I don’t want to miss those potential gains, so let’s get tactical by taking a closer look… 

From the Desk of Steve Strazza @Sstrazza

Welcome to The Minor Leaguers.

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.

To make the cut for our Minor Leaguers list now, a company must have a market cap between $1 and $4B.

From the Desk of Ian Culley @IanCulley

I’ve had palladium on my mind for a while – long before gold posted a new all-time high.

Why palladium?

It all started with an extreme Commitment of Traders (COT) profile…

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.

Here’s this week’s list:

*Click table to enlarge view

From the Desk of Ian Culley @IanCulley

Metals are beginning to shine.

Gold’s new all-time high has captivated the masses. But all that glitters isn’t gold.

In fact, base and industrial metals are also providing ample trading opportunities.

Check out ol’ Dr. Copper challenging near-term resistance:

A decisive close above 3.91 set the path of least resistance toward the year-to-date highs at approximately 4.25.

It’s difficult to imagine a more bullish scenario for global equities aside from a continued expansion in the new highs list.

As much as I enjoy trading futures, I can’t ignore the money flowing into stocks.

From the Desk of Ian Culley @IanCulley

The bond market is turning the page. 

Our long US Treasury trades are finally working. And investors are reaching for high-yield debt.

On the surface, it’s a positive shift for the hardest-hit markets in 2022. 

But it also sends a clear message to stock market investors…

Buy!

Credit spreads are contracting as the iShares High Yield Corporate Bond ETF $HYG trades at fresh 52-week highs relative to the iShares 3-7yr Treasury Bond ETF $IEI:

It’s classic bull market behavior.

But that’s not all…

The newest junk bonds to hit the street are catching higher on an absolute basis. 

Check out the Fallen Angel High Yield Bond ETF $ANGL:

From the Desk of Ian Culley @IanCulley

Bing Crosby dreamed of a White Christmas.

Who hasn’t?

Growing up, I wished for a white Christmas every year. I knew snow was a stretch living in Florida. But a kid can dream… 

This season, stock market bulls hope for quite a different, serene vision: a weaker dollar.

Based on the charts, they might just get their wish.

Check out the updated US Dollar Index $DXY chart:

DXY has respected key retracement levels on the way up and down over the past six months. The repeated touches add to my conviction in these levels.

From the Desk of Steve Strazza @Sstrazza

Dividend Aristocrats are easily some of the most desirable investments on Wall Street. These are the names that have increased dividends for at least 25 years, providing steadily increasing income to long-term-minded shareholders.

As you can imagine, the companies making up this prestigious list are some of the most recognizable brands in the world. Coca-Cola, Walmart, and Johnson & Johnson are just a few of the household names making the cut.

Here at All Star Charts, we like to stay ahead of the curve. That's why we're turning our attention to the future aristocrats. In an effort to seek out the next generation of the cream-of-the-crop dividend plays, we're curating a list of stocks that have raised their payouts every year for five to nine years.

We call them the Young Aristocrats, and the idea is that these are "stocks that pay you to make money." Imagine if years of consistent dividend growth and high momentum and relative strength had a baby, leaving you with the best of the emerging dividend giants that are outperforming the averages.