From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts

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:

From the Desk of Ian Culley @IanCulley

I started at the top last week, laying out my bullish energy thesis with five charts.

Energy commodities are reclaiming critical levels. They’re outperforming their alternatives. And buyers continue to support a healthy demand for crude oil distillates.

What’s not to like?

Today, I’m drilling down to individual stocks, highlighting five trade setups I didn’t cover in last Wednesday’s What the FICC episode…

And these stocks look ready to rip!

First up is oil services. I like this group of stocks because the oil services ETFs $OIH and $XES are the strongest among industry groups.

Here’s Schlumberger LTD. $SLB, the $81B behemoth:

From the Desk of Kimmy Sokoloff

It was a nice Friday overall.

It's like yesterday never happened.

The only insider transaction on today’s list comes in a Form 4 filing by Robert W. Stallings, director of Texas Capital Bancshares $TCBI.

Stallings reported a purchase of TCBI shares worth $123,960.

From the Desk of Kimmy Sokoloff

We have some important economic data coming out this morning.

The market did an about-face turn yesterday and drifted lower.

We'll see if they want to keep everyone happy on a Friday and push the market higher.

From the Desk of Kimmy Sokoloff

That was a big bounce this morning for the indices...

And then we faded, and gaps are getting filled to the downside.

We all know the market is in need of a breather, but it will do what it wants to do. I did miss some of my own trades today, but traders in the Live Trading Room captured them.

This is the $TGT trade I flubbed. I bought it, I wasn't patient, it ran to my price target, then I bought it back. I told the Live Trading Room it has room to 138!

Today I closed out the $HES shares that I've owned since January. I've bought it and sold it many times throughout the past six months. I can't list all the buys and sells.

From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts

Welcome to The Junior International Hall of Famers.

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-listed international stocks, or ADRs.

This scan is composed of the next 100 largest stocks by market cap, those that come after the top 100 and are thus covered by the International Hall of Famers universe.

Many of these names will someday graduate and join our original International Hall Of Famers list. The idea here is to catch these big trends as early on as possible.

Let’s dive right in and check out what these future big boys are up to.

This is our Junior International Hall of Famers list:

The only insider transaction on today’s list comes in a Form 4 filing by William G. Jurgensen, director of American International Group $AIG.

Jurgensen revealed a purchase of AIG shares with a total value of $145,814.

From the Desk of Kimmy Sokoloff

The market is happy today, gapping up after the Fed.

Gap-ups are hard, as you don't know if they'll continue or pull in.

The Dow Jones Industrial Average and Dow Jones Transportation Average are both hitting new 52-week highs.

These are things we see regularly in uptrends. Not so much in downtrends:

From the Desk of Kimmy Sokoloff

The Fed raised a quarter point, but we kinda knew that was coming.

The market, as of now, is all over the place.

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.

Now, we're also highlighting lagging stocks on a recurring basis.

Welcome to the Short Report.