The Outperformers is our newest scan that pinpoints the very best stocks in the market. It’s the fastest, easiest way to find quality names that are primed for major moves.
The goal is that as the market rally progresses, the sector rotation within the market will reflect in this scan. So while our Top/Down Analysis helps us with the broader view of the market, this Bottom/Up scan makes sure that we catch the slightest change in sentiment.
Over the past couple of weeks, we've noticed strength building in the Pharmaceuticals sector. The index has bounced off its support and is now attempting to resume its prior positive trend.
This resumption has come after a substantial pause and hence we thought we'd do a quick round-up of the stocks that are looking good at the moment.
Laurus Labs was one of the major gainers in the bull rally in 2020 following which a sideways move meant that the stock was dormant for almost six months! Last week the price broke above its resistance and the momentum seems to be alluding to strength in the weeks ahead too. This is more of a target update for those looking for the next levels of overhead zones.
Laurus Labs is bullish above the level of 350 with a target near 530.
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 longer-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 5-9 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 & relative strength had a baby, leaving you with the best of the emerging dividend giants that are outperforming the averages.
In a market environment where Financials and Natural Resources have become leadership groups, how do we not have a conversation about Canada? Taking that one step further, we need to talk about how any investor, whether living in Canada or not, can take advantage of a potential structural swing in the trend for Canadian Equities.
In our continued effort to identify individual equities that fit within our larger Macro thesis, we recently rolled out our latest bottoms-up scan: "The Minor Leaguers."
We write a post every other week where we outline some of our favorite setups from this universe of stocks.
We've already had some great trades come out of this column and couldn't be happier about the early feedback.
Moving forward, we'll be rotating this column with "Under The Hood" each week.
In order to make it onto our Minor League list, you must have a market cap between $1 and $2B. There are also price and liquidity filters.
Then, we simply sort the stocks by their percentage from new highs. Easy done.
We have been discussing how the market has been moving in a sideways range for almost two months now. With a trading range comes a lot of confusion. The sharp decline in the market today took the index towards the lower end of its trading range.
Should we be worried about the ensuing move? Let's find out.
Dow Theory is one of my favorite topics. It's fascinating how much these lessons from over 130 years ago still help in today's times.
Think about this, we're using Charlie Dow's principles to analyze assets that never even existed back then. The key to remember here is that we don't change. Humans are the constant in this equation. And that's what we're analyzing, at the end of the day: Human behavior.
This week we're looking at a long setup in the Chemicals sector. When more analysis processes point in the same direction, that direction becomes hard to ignore.
We have one such stock for this week's actionable idea.
We have some good news! We are debuting another new scan for Premium Members of All Star Charts India. As we go forward, we will introduce several new features for our members, but for now, the second scan has just dropped!
Introducing the new scan- All Star Momentum.
All Star Momentum is a brand new scan that pinpoints the very best stocks in the market. This time around, we have incorporated our stock universe of Nifty 500 as the base. Among the 500 stocks that we follow, this scan will pump out names that are most likely to generate great returns.
While we go through our lists of sectors and stocks on a weekly basis, we thought of launching a product that would highlight the names that are the strongest performers in our universe and those that are primed for an explosive move.
Just like The Outperformers scan, this is a list of stocks belonging to the sectors that display relative strength in the market at any given point in time. Since sector rotation is the lifeblood of a bull market, we will be ahead of the curve before the gears keep shifting.
Two weeks back we had noticed IT putting its head again from underground and shared some actionable ideas. As the market progresses, we're noticing new names joining this list and thought it would be nice to have a follow-up post for the same.
Let's see what these stocks are indicating for the weeks and months ahead.
HCL Tech has now joined the other stocks in this sector as it attempts to move past its overhead supply zone of 1,024. Retreating from the same level twice in the recent past, we might see a follow-through this time around as the tailwinds favouring IT could favour this particular stock as well. The indicator is attempting to move back into the strong zone.
We are bullish above the level of 1,024 with a target near 1,425.
From the desk of Steve Strazza @Sstrazza and Ian Culley @IanCulley.
We held our April Monthly Strategy Session Thursday night which Premium Members can access and rewatch here.
For these calls, we really take a step back and put things in the context of their structural trends by focusing only on Monthly charts. This is easily one of our most valuable exercises.
In this post, we’ll provide a summary of the call by highlighting three of the most important charts and topics we covered along with commentary on each.
Welcomeback to our “latest Under The Hood” column for the week ended April 2, 2021. As a reminder, this column will be published bi-weekly moving forward, and rotated on-and-off with our new Minor Leaguers column.
In this column, we 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.
