Stocks are down again to start the week.

All of this while Bitcoin is making new all-time highs this morning:

BTCUSD: $72,000

Get all our Crypto Trades Here - Bitcoin and Altcoins

Meanwhile, there's a Dow Theory Divergence that continues to cast a huge cloud over the US Stock Market.

We saw the exact same divergence just before the Covid crash.

Notice how the Dow Jones Industrial Average is making new highs, but the Dow Jones Transportation Average is nowhere near new highs.

The stock market feels heavy.

The majority of stocks are having a hard time making new highs.

Some of the largest Technology and Consumer Discretionary stocks keep breaking down to new lows.

So let's check in on how the journalist community feels about the current market:

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 Steve Strazza and Alfonso Depablos

The largest insider buy on today’s list comes via Form 4 filings by the executive vice president and CFO of Caesars Entertainment Inc $CZR, Michael E. Pegram.

Pegram reported a purchase of CZR shares in the amount of $621,750.

From the Desk of Steve Strazza @Sstrazza

We held our March Monthly Strategy Session Monday night. Premium Members can access and rewatch it here.

Non-members can get a quick recap of the call simply by reading this post each month.

By focusing on long-term, monthly charts, the idea is to take a step back and put things into the context of their structural trends. This is easily one of our most valuable exercises as it forces us to put aside the day-to-day noise and simply examine markets from a “big-picture” point of view.

With that as our backdrop, let’s dive right in and discuss three of the most important charts and/or themes from this month’s call.

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 Steve Strazza and Alfonso Depablos

The largest insider buy on today’s list comes via Form 4 filings by Warren Buffett and Berkshire Hathaway.

Buffett and Berkshire reported purchases in The Liberty SiriusXM Group $LSXMA for a total amount of $107 million.

Last year's leaders keep falling one by one.

Apple fell yesterday, again, to break down to new 52-week lows relative to the S&P500.

You're seeing similar behavior from Google and Tesla as well.

From the Desk of Steve Strazza @Sstrazza

When investing in the stock market, we always want to approach it as "a market of stocks."

Regardless of the environment, there are always stocks showing leadership and trending higher.

We may have to look harder to identify them depending on current market conditions. But there are always stocks that are going up.

The same can be said for weak stocks. Regardless of the environment, there are always stocks that are going down, too. 

We already have multiple scans focusing on stocks making all-time highs, such as Hall of Famers, Minor Leaguers, and the 2 to 100 Club.

We filter these universes for stocks that are exhibiting the best momentum and relative strength characteristics. 

Clearly, we spend a lot of time identifying and writing about leading stocks every week, via multiple reports.

With our Short Report scan, we're also highlighting lagging stocks on a recurring basis.

This is the video recording of the March 6, 2024, Hot Corner Insider Weekly Strategy Session.

From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on today’s list comes in Form 4 filings by the CEO and the CFO of Keurig Dr Pepper Inc $KDP.

The executives bought KDP shares worth a combined total of $7.5 million.

Fun fact, did you know I used to be a Gold Bug?

That's right.

In the early years of my career, being a Gold Bug was actually cool.

Throughout the 2000s, not only were Gold prices going up, they were also outperforming stocks and bonds, by a lot.

I was that guy.