This is the video recording of the June 5 , 2024, Hot Corner Insider Weekly Strategy Session.

From the Desk of Steve Strazza and Alfonso Depablos

The most significant insider buy on today's list comes via a Form 4 filing by Norfolk Southern Corporation $NSC director Sameh Fahmi.

Fahmi reported the acquisition of 2,000 shares of NSC, equivalent to $444,355.

From the Desk of Steve Strazza and Alfonso Depablos

The most significant insider buy on today's list comes via a Form 4 filing by the founder and CEO of Life Time Group Holdings Inc $LTH, Bahram Akradi.

Akradi bought 39,000 shares of LTH, equivalent to $653,507.

Next week marks the 2-year anniversary of this Bull Market for stocks.

As we've mentioned many times, the S&P500 didn't bottom out until October of 2022. But it was already a bull market at that point.

The bottom for the prior bear market was in June of 2022. That's when the majority of stocks bottomed.

By the time the S&P500 hit its final low in October, there weren't many stocks at all left going down. Most of them had already been making higher lows and higher highs.

Coming into this year, ...

This is the video recording of our June 3rd Monthly Charts Live Strategy Session

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.

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...

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 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 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...

From the Desk of Steve Strazza and Alfonso Depablos

The most significant insider buy on today's list comes via a Form 4 filing by Control Empresarial de Capitales S.A. de C.V.

The Mexico-based investment company reported a purchase of Talos Energy Inc $TALO shares with a total value of $20 million.

When you look at Consumer Discretionary stocks as a group, you think "Wow this is the worst sector on the planet".

How can there be any winners coming out of here?

But there are. And there always will be.

First, look at the sector itself relative to the S&P500 going out last month at the lowest levels in over 10 years.

From the Desk of Steve Strazza @Sstrazza

Despite some messy action from the broader market in recent months, risk appetite remains elevated.

How do we know?

The stocks that investors are betting against the most are making big moves... to the upside.

And we know just what to do in these environments.

We look to our freshly squeezed universe and find the most heavily shorted stocks. We wait for momentum to come into these names, and we ride them higher while the shorts get squeezed.

We got new short data recently, so let's talk about how we're playing it.

Our scan is quite simple. It is designed to identify stocks with the most aggressive short positions. When a stock is shorted, it means incremental buyers are waiting in the wings to close out their bearish bets.

We love this, as new buyers are the one true catalyst for higher prices.

When shorts are proven wrong, they become buyers of the stock. In many cases, this happens as momentum flows into these names and fuels massive short-covering rallies.

For this reason, we pair short-interest data with short-term momentum overlays, as...

How many times do these people tell you that the market is rigged?

Well, if you actually believe that then why wouldn't you just bet on the companies that profit most from the rigging?

I don't see the problem.

If you can't beat them, join them!

Here is the NYSE Broker Dealers Index making new all-time highs.

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

We filter out any laggards that are down -5% or more relative to the S&P 500 over the trailing month.

Then, we sort the remaining names by their proximity to new 52-week highs.

This leaves us...