From the desk of Steve Strazza @Sstrazza

Welcome to The 2 to 100 Club.

In this scan, we look to identify 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.

Some of the best performers in recent decades – stocks like Priceline, Amazon, Netflix, Salesforce, and myriad others – would have been on this list at some point during their journey to becoming the market behemoths they are today.

When you look at the stocks in our table, you'll notice we're only focused on Technology and Growth industry groups such as Software, Semiconductors, Online...

The Mexican peso is the “blue-chip” emerging market currency. It’s long been a favorite for hedge fund carry trades—often paired with the yen—due to Mexico’s relatively high interest rates and liquid FX market.

Beyond its appeal to speculators, the peso has also served as a key risk-on currency—often leading and participating alongside a broad base of international equities and commodities.

Following the election of Claudia Sheinbaum in June of 2024, the Mexican Peso and Mexican stocks took a hit, turning into laggards on the international stage. 

It was clear for those paying attention that the market did not feel optimistic about President Sheinbaum’s economic leadership. 

But the tides are shifting. With a weakening dollar, the Mexican Peso is finding its footing, and Mexican equities are starting to improve in a...

From the Desk of Steve Strazza @Sstrazza and Ricardo Sarraf @nullcharts

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...

The bulls are saying its global rotation, and the bears are saying it won’t work without US stocks.

Both takes make sense. But, they’re just takes. 

Here’s where we are…

Stock markets around the world experienced fierce selloffs back in March. 

Then in April, this bearish action was followed by some of the most historic rallies in recent history.

There was broad participation to the downside. And now we’re seeing the same in the opposite direction. We’re in the middle of a synchronized global rebound rally.

And every country, region, factor, sector, and industry group looks different. They all come with their own unique characteristics in terms of how much they sold off, how resilient they were, and now, how strong they are, measured by the bounce.

So, while some things obviously look better than others, and some groups still look...

Do you remember when The Economist magazine cover had a rocket ship covered in United States dollars last year?

They said the United States was "The envy of the world."

It was so cringe...

The dollar got blasted over the next several months, and the U.S. stock market had its worst quarter in decades relative to the rest of the world.

Like any other type of market analysis, fading magazine covers is more of an art than a science.

We don't want to fade a trend just because there's a magazine cover.

The dollar was extremely overbought in the prior example, and the COT positioning tipped us off to a potential move in the opposite direction.

We waited for the market to confirm our bias, managed our risk, and made a ton of money.

Fast forward to today, and the latest Barron's magazine cover highlighted a stack of Gold bars and said:

"Investors are loading up on the metal as a haven in chaotic times. How long can it last?"

This comes as Gold futures are running into...

From the Desk of Steve Strazza @Sstrazza.

Welcome back to Under the Hood, where we'll cover all the action for the two weeks ended April 25, 2025. This report is published bi-weekly, in rotation with The Minor Leaguers.

What we do here is 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.

Click here for a behind-the-scenes look at our process.

The Fed doesn’t set the tone. It reacts to it.
 Always has. Always will.

This week, Waller gave the usual hint:
 "A serious drop in the job market could prompt more cuts, sooner."

Translation? The Fed knows it's behind. The bond market figured it out months ago.

The real story is written in the chart.
 The 2 Year Treasury Yield is the market’s forward looking Fed whisperer.
 Every cycle, the 2 year tops first. Every cycle, the Effective Federal Funds Rate follows like a lost puppy.

• When the 2 year peaks and rolls, the Fed has no choice but to cut.
• Markets aren’t asking politely for cuts — they’re already forcing them.

Right now, the  2 year is falling hard. That isn't a forecast.
 It’s the bond market screaming: "You're done here."

It’s not about what Powell...

 A tribute to ASC Gold Rush's standout setups

Great trades never ring a bell. They don’t come with fanfare. They come wrapped in uncertainty, quiet conviction, and a little discomfort. That’s how you know they matter.

Take Cocoa futures. One of the cleanest breakouts we’ve seen recently, but it didn’t feel clean until after it moved. 

Before that, it was all noise and indecision.

Here’s the setup we outlined in October 👇

We were betting that the breakdown to new lows wasn’t going to stick.

Why? The 14-day RSI was firmly in a bullish momentum regime. 

That’s a characteristic of an uptrend… Not a downtrend!

Moreover, this was a textbook consolidation after a historic 190% bull run which unfolded over 4 months.

Here’s how the setup unfolded 👇

The price ripped back above support and hit our target at the upper bound of the range in just a few weeks.

It was an epic bear trap…

Admittedly, this worked much better than we expected.

We...

This is the weekly post that aggregates all the charts we put together throughout the week and organizes them all into one, easy to flip through deck.

From the desk of Ricardo Sarraf, @nullcharts

The US dollar has been under increasing selling pressure all year, and just collapsed to its lowest level since April 2022.

When we look beneath the surface, the largest weightings in the DXY—namely the Euro, Yen, and Pound represent almost 83% of the index—and all three are threatening to break out of multi-year bases.

Analyzing the DXY in isolation is akin to evaluating the S&P 500 without considering market internals.

Due to the concentrated weightings in the index, DXY is always going to move in the opposite direction of these heavyweight currencies.

And right now, they are sending a very clear message about the dollar as they close in on textbook trend reversals.

The strength from these major currencies reinforces our...

After a historic rally fueled by Coffee and Cocoa, our Soft Commodity Index is finally hitting a major wall. 

With the price stalling at the 2011 highs and signs of distribution setting in, it’s time to shift our focus from chasing strength to hunting weakness. 

One commodity, in particular, is standing out on the downside, and it's giving us a sweet setup to take advantage of.

Let's talk about it...

Our Soft Commodity Index is an equal-weight basket of Cotton, Coffee, Cocoa, and Sugar.

It has increased in price by more than 150% over the last 5 years. This was primarily driven by historic uptrends in Coffee and Cocoa, which rallied 350% and 500%, respectively.

The complex was the home to some of the best trends in commodities for years.

Now, the...

Our International Hall of Famers list is composed of the 100 largest US-listed international stocks, or ADRs.

We've also sprinkled in some of the largest ADRs from countries that did not make the market cap cut. 

These stocks range from some well-known mega-cap multinationals such as Toyota Motor and Royal Dutch Shell to some large-cap global disruptors such as Sea Ltd and Shopify.

It's got all the big names and more–but only those that are based outside the US. You can find all the largest US stocks on our original Hall of Famers list.

The beauty of these scans is really in their simplicity.

We take the largest names each week and then apply technical filters in a way that the strongest stocks with the most momentum rise to the top.

Based on the market environment, we can also flip the scan on its head and filter for weakness.

Let's dive in and take a look at some of the most important stocks from around the world.

Here's this week's list: