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...

From the desk of Steve Strazza

The evidence is becoming clearer and clearer by the day…

It’s time to be overweight US tech stocks again.

But, this can mean a lot of things.

For me, Amazon and Tesla are “tech.” The big communications stocks are definitely “tech.”

There is some “tech” sprinkled into just about every sector, you just have to find it.

As a general rule, if it trades like a tech stock, it’s probably a tech stock.

Anyways, these are the stocks I’m on the hunt for these days. 

I’m buying speculative growth names like AST SpaceMobile and Rigetti Computing.

I’m buying bitcoin and crypto-related plays like MicroStrategy and Mara.

I’m buying biotech stocks like Rythm and Soleno.

In today’s Daily Digest, we’ll review the following:

1. New position in XME.
2. No adjustments are needed today.
3. Closed TLT at Profit Target.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

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...

From the desk of Steve Strazza

April will go down as one of the most volatile months in stock market history.

At the lows a few weeks ago, the S&P 500 was in a 20% drawdown. Fast forward to today, and after finding support at the prior cycle highs, the index has already rallied 17% off the bottom.

They call it a fast market. There's no doubt about that.

But more importantly, it's starting to feel like a bull market again.

The major averages reclaimed their VWAPs from the all-time highs earlier this week, and now we're seeing bullish follow-through.

As long as these moves stick, it's looking more and more like a V-shaped recovery out here. And that means it's time to get more aggressive. 

Throughout this correction and subsequent...

Well, here we are. Both $SPY and $QQQ are stuck in a weird place -- above their 50-day moving averages, and below their 200-day moving averages.

What now?

My gut tells me some sloppy digestion will be the rule of the day for the next several weeks. Of course, I reserve the right to change my mind pending whatever Amazon says tonight when they announce earnings.

We did a quick Options Jam Session today due to technical difficulties rendering a late start. But this means I get to the point quickly about what I'm seeing and what I'm trading.

Check it out here:

Sean McLaughlin | Chief Options Strategist, All Star Charts

If the market is serious about making a V-Bottom happen, I have a hard time believing it'll happen without the semiconductors.

And right now, in my opinion, Broadcom has the best-looking chart. So that's the horse I'm going to ride back to highs.

In today’s Daily Digest, we’ll review the following:

1. No new positions today.
2. Adjustment to XLC position.
3. No exits since the last report.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

In the spring of 1998, I was six months into my first job out of college—a mutual fund and insurance salesman for MetLife. The people were kind, and my boss was supportive, but it was a terrible fit for a 22-year-old fresh out of school. Nobody wants financial advice from a kid who, not long before, was slinging pizzas and wings for barely more than minimum wage.

So when my father offered me a chance to move in with him in Tampa, Florida, and look for new opportunities, I glanced out the window at the grey Buffalo skies and didn’t hesitate. Sunshine and a fresh start sounded like the only logical move. Less than a week later, I was on the road.

The first job I landed in Tampa was with what could generously be described as a pseudo-boiler room. We weren’t cold-calling doctors and lawyers with high-pressure penny stock pitches, but we were dialing other stockbrokers and trying to convince them to pump those same junk names to their clients. One step removed from the end-sucker. I was young, naïve—or rather, stupid.

Three months in, barely making any money, it became clear the whole operation was a scam and we were being taken advantage of.