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:

To become better investors and traders, it’s natural for our minds to gravitate toward the mechanics of investing. We reach for the best research, systems, chart patterns, risk management strategies, and indicators—the list is endless.

And rightly so. These elements form the backbone of trading. I provide research every day with the intention of offering a valuable filter to help people focus on the most critical aspects of trading and ignore the noise.

But as essential as these tools and strategies are, there’s something even more fundamental—a foundation beneath the foundation.

Well-being.

This might not come as a revelation, given the growing cultural recognition of self-care, but consider this post a gentle reminder to pause and check in with yourself.

Are you attending to the things in your life that truly require your attention

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.

Just a quick programming note. The US Markets are closed today for a national day of mourning, after the passing former US President Jimmy Carter.

We'll be back to our regularly scheduled program tomorrow and every weekday after that. Make sure to save this link as a favorite to join us 8:30-10AM ET daily on The Best Morning Show in Finance.

First 5 Days Indicator

The S&P500 is less than 3% away from making new all-time highs, but investors are losing their minds. 

You notice how everyone is now a "breadth expert"? One by one, they're all out there mansplaining breadth deterioration to anyone who will listen.

Today's trade offers a nice opportunity to add some diversification to my mostly long book.

It's no secret that there has been a lot of weakness that has been masked by the performance of the broader indexes. 

We've got a well-diversified business that is showing signs of completing a pretty large top, so it might offer us some alpha on the downside if weakness spreads.

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

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

Let’s dig in!

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.

We're back today on The Morning Show only on Stock Market TV. We're live every weekday from 8:30AM - 10AM ET.

Do you want to be prepared for the day ahead? Do you want to know what's driving these market moves? Come hang out with us today as we sit down with special Guest Ryan Detrick, Chief Market Strategist at Carson Group.

Here's one thing we know for a fact about the market:

In order to have a bear market, or a correction of any kind, you need the prices of stocks to be falling.

Fact. 

Without the prices of stocks falling, you cannot possibly have a bear market, or any kind of correction at all.

That's just how math works. 

So if one would take the time to count how many stocks are actually going down in price, one would have a better understanding as to whether or not stocks are correcting.

See how that works?

And while the list of new 52-week lows is still nonexistent, that doesn't mean stock prices aren't falling. So we want to look at shorter-term time horizons to see if we're seeing an increase in the number of stocks falling in price.

Currently, we are not seeing any expansion at all in the number of stocks whose prices are falling. Here are Large-caps, Mid-caps and Small-caps all within the same range of new lows that they've been in throughout this bull market: