Thursday morning I was in New York City chatting with Maria Bartiromo about the ongoing Bull Market in Stocks.

Maria and I have been talking about this topic pretty regularly since she looked at me like I was crazy last October.

A lot has happened since then as both the Nasdaq and S&P500 just closed out back to back months at the highest levels in a year.

The market got the sector rotation it needed as we entered 2023.

And now we're looking for that rotation back into those original leading sectors off the lows last summer.

I believe we already started to see it get going right after we finished up our conversation Thursday morning.

Here's the interview in full:

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 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 which you can check out here.

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...

Last year they would complain that the biggest growth stocks were not participating in the stock market rally.

This year they're complaining that the biggest growth stocks are participating too much in the stock market rally.

It's quite obvious that people just like to complain.

We've already addressed the fact that this is perfectly normal, healthy sector rotation, and NOT a weakening breadth issue.

See here.

Periods of concentrated leadership do not necessarily mean widespread distribution.

Besides, it hasn't just been 5 stocks that have been going up. Or 7 stocks, or even 10.

A lot of stocks, in both the U.S. and around the world, have already been going up for some time.

From the Desk of Ian Culley @IanCulley

Commodities are on the rocks.

Our Equal-Weight 33 Commodity Index is printing fresh two-year lows. Crude oil is hanging around the lower bounds of a multi-month consolidation. And Dr. Copper is loitering below former support.

This isn’t bull market behavior.

But just as the stock market is a market of stocks, the commodity market is a market of, well, a diverse set of commodities.  

So, while I don’t want to buy many high-profile procyclical contracts – and certainly not the commodity indexes – I do like the more obscure areas showing strength…

Areas such as uranium!

I outlined my case for uranium stocks at the start of the year. It was pretty simple: If gold and copper are printing fresh highs, peripheral areas likely enjoy a bid. That includes uranium.

Perhaps copper hasn’t had the best first half, but gold and other precious metals...

From the Desk of Ian Culley @IanCulley

US interest rates have churned within a tight range for months. 

Remember: Sideways is a trend. 

While intermarket evidence suggests a breakdown in yields, they simply refuse to roll over.

It makes perfect sense when we zoom out…

Rates are in a well-defined structural uptrend!

Check out the US 30-year Treasury yield overlaid with live cattle futures:

They look almost identical as both exhibit the classic base-on-base formation – one upside resolution followed by another.

To be clear, I’m not proposing a grand thesis regarding a strong positive correlation between long-duration rates and live cattle futures, or what the next directional move in live cattle and rates mean for AI stocks (though I haven’t dismissed the idea).

Instead, I’m simply observing the trend that began in early 2020. 

I chose to place live cattle futures on the chart for effect – a...

These are the registration details for our Live Monthly Candlestick Strategy Session for Premium Members of All Star Charts.

This month’s Video Conference Call will be held on Monday June 5th @ 6PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.

Here are the details for Monday evening:

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 The Hall of Famers, The 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.

My spidey senses are beginning to tingle with speculative fervor.

What we're seeing in the AI space as well as in the comeback in cryptocurrencies as of late has me thinking speculative players are soon to begin widening their net to capture alpha.

And some of these highly shorted equities with crypto exposure could be extremely ripe for short squeezes.

High on this list is Marathon Digital Holdings $MARA. It currently has in the neighborhood of 40% of its outstanding shares held in short positions. That is some major fuel for a short-covering rally if this stock starts ripping.

Here are a bunch of pictures illuminating why we think $MARA might be set up for a run higher. First up, the $MARA chart:

This is the big question for me right now. Do we get rotation into the sectors that led this market off the lows last June?

We'll be discussing it on our NEW Morning Show today. Make sure to catch us LIVE from 830AM - 10AM ET using this link.

First, here's what I mean.

Check out these 3 Index Funds that have been underperforming this year. Financials and Small-caps flirting with last summers lows, and I threw Industrials in there too as a representation of the more Value areas of the market:

From the desk of Steve Strazza @Sstrazza.

Welcome back to Under the Hood, where we'll cover all the action for the week ended May 26, 2023. This report is published bi-weekly and rotated 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.

Whether we’re measuring increasing interest based on large institutional purchases, unusual options activity, or...

It's not going to be finished in my lifetime or in yours or my kids' or grandkids'. That's not the point. The point is to get it started.

~ Korczak Ziolkowski

Last weekend, I took a little six-hour road trip to South Dakota to spend a full day hiking in Badlands National Park. It was amazing. The landscape is stunning and challenging to describe. It’s not quite desert. It’s not quite grassland. It’s not quite mountainous. It’s remote. Some have likened it to a moonscape. But even that doesn’t quite capture it.

You just have to go and experience it for yourself. Trust me – it’s worth it.

I also took advantage of my proximity to Mt. Rushmore to arrive at 7 a.m. the next day. I was one of the only people in the park and was lucky to have Mt. Rushmore to myself for the better part of an hour....