Below is the 9th ASC Mastermind Course. In this video, I discuss my process for finding the best small-caps.
If you don't pay attention to small-caps, you should start.
At All Star Charts, we look at small-caps for two reasons: they give us valuable information about the market, and they give us many trade ideas.
Small-caps might have a reputation for underperforming large-caps at the index level (at least, for most of the last 15 years), but at the individual stock level, this is where the biggest winners are often found. After all, every large-cap stock was once a small-cap.
The challenge in trading small-caps however, is that there's so many of them. So we've come up with a number of scans specifically designed to help us identify the small-caps in the best position to pop. Here's how we do it.
Several months ago, we discussed the blowout momentum readings for the junior gold and silver miners.
These momentum thrusts often initiate the beginning of significant trend reversals, not the end.
Since then, the price action has been lackluster. However, our technical analysis suggests that the bulls are on the cusp of stepping in and resuming the primary uptrend.
Let's delve into the charts and how we plan to profit from them.
Silver Miners $SIL are printing fresh 52-week highs relative to silver futures:
It's not just Technical Analysis all the time. It's actually quite the opposite. We have a lot of conversations with really smart people about all kinds of topics.
Today's guest is my pal Steve Reitmeister, who brings 40 years of experience, including being Editor-in-Chief at Zacks.com and CEO of Stocknews.com.
Welcome back to Under the Hood, where we'll cover all the action for the two weeks ended December 6, 2024. 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.
Speculative technology stocks have been mooning in recent weeks. Many of these stocks have rallied over 100% in the last month alone.
Today, we're outlining a technology stock that rallied 700% in half a year after pivoting from blockchain infrastructure to high-performance computing. In other words, they pivoted from crypto to AI.
After consolidating for over a year, the stock put the finishing touches on a textbook basing pattern last week and is beginning a fresh leg higher.
But it's not just the chart that has us excited... the short sellers have gotten way too greedy, and we're going to exploit their weakness.
According to the National Retail Federation, 197 million Americans shopped over the 5 days from Thanksgiving weekend through Cyber Monday. There are only216 million Americans over 15 years old in the country. Even allowing for double-counting, that’s a good turn-out for a fake holiday with unexceptional discounts.
Who won?
Well according to our Retail and Consumer expert Jeff Macke,
"Abercrombie won the mall. Walmart won Discount. William Sonoma and Dick’s Sporting Goods have won Home and Sports so hard they’re running out of chains to compete with. Amazon is winning the world and barely seems to care about (or profit from) retail at all."
The S&P500, Nasdaq100 and Global100 Index each made new all-time highs yesterday.
This is among many other stocks, sectors and indexes around the world that are also making new cycle highs.
We've been buying stocks very aggressively, of course, because historically it pays much better to own stocks during bull markets vs doing the alternative.
We've gone back and done the work. It's just math.
Those investors with too much cash, or too few stocks in their portfolios, have been paying the consequences.
The pushback I get, and have been getting over the past couple of years, tends to revolve around valuation and how stocks are "too expensive".
I find that to be a hilarious reason to avoid buying stocks during a bull market.
Common excuses for fighting this powerful trend include, but are not limited to: