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...

Due to the shortened trading day, we're going to cancel the Live Options Jam Session for this week.

But I didn't want to leave you without a quick update on positions that exited this week, as well as updated stops.

This Independence Day weekend, let's seek freedom from guilt.

As a trader, I carry around a lot of guilt.

Guilt for missing a huge winner.

Guilt for not getting out sooner.

Guilt for not holding long enough.

Guilt for using the wrong strategy.

Guilt for being late to a major turning point.

It’s a long list. And it’s heavy.

This guilt doesn’t just live in the rearview mirror. It follows me into the next trade. It clogs up my decision-making. It makes me hesitate when I should act. It whispers, “Don’t screw this one up too.”

Can you relate?

Lately, I’ve been working on something that I think might help: forgiveness.

Not the fluffy, wishy-washy kind. But real, honest, intentional forgiveness.

Forgiveness for not being perfect.

Forgiveness for being human.

Forgiveness for not catching every move.

Because here’s the thing — I can’t catch every trade. It’s impossible. Especially in a bull market like this one, where new setups are popping up everywhere. There will always be winners I miss. There will always be hindsight that makes me wince.

But carrying all...

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

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

Let’s dig in!

Stock markets all over the world are parading to fresh highs. From Europe to Asia, the world’s major benchmarks sit at – or within a stone’s throw of – all-time or cycle highs.

Stateside, the Nasdaq 100 printed a new all-time high, and the S&P 500 followed a few days after. 

Leadership groups are breaking out in unison. Down the risk curve, speculative growth is screaming and semis are back in the driver’s seat. 

One bull flag after another keeps resolving higher. 

And most importantly for today's note— the laggards keep catching up to the leaders.

But there’s one group that just hasn't shown up yet… and quite frankly, the bull market can’t rage on without them. I’m talking about a group of stocks SO important, they literally have to join the party. Otherwise, it throws a wrench in the entire bullish thesis.

It’s Homebuilders.

...

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...

Today's trade follows a similar pattern of late --  High, tight consolidations continue to break out.

I've got another one here that is setting up for a breakout and I'm taking advantage of a recent pullback to get positioned at advantageous prices.

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

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

Let’s dig in!

You have probably heard me talk about the Three B’s before.

It stands for banks, biotechs, and builders, and is a fun and convenient acronym I use when discussing the most interest rate-sensitive stocks.

These groups could not be more different, but they share a key similarity in the sense that they all move in synchrony with the bond market.

Biotechs are some of the longest-duration equities, so lower rates boost their valuations. It also allows these chronic cash-burners to access capital cheaply.

Builders sell houses, and lower rates are the key demand driver, so that one is obvious.

And banks are new to the lower rates list. 

We used to say banks want higher rates, or a higher spread—it’s how they make money. However, that changed recently as asset-liability matching issues arose from lending operations during the last rate-...

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...

Analog charts are fun. 

They can scare and excite investors unlike any other.

But, here's the thing about drawing rigid comparisons to the past... 

It's never going to be like 1987. Or 2017. The next crash and market turn won't look like the dot-com bubble or the financial crisis. 

It will look the 2025 market. The one we're in now.

History never really repeats. It just rhymes and follows familiar rhythms.

And that is why we study charts like the one below.

This one is from Grant— He's our numbers guy. And he's the best in the business when it comes to studies and visuals like this one.

He is...