The NYSE Oil Index includes the leading companies involved in the exploration, production, and development of petroleum.
This index dates back to 1984 so it's got some history to it.
It also includes a lot of Energy stocks headquartered outside the United States, giving investors a much more global perspective, as the NYSE tends to do.
On Friday, this index closed at the highest price ever.
To my knowledge, Ethena's governance token is only listed on exchanges that aren't available to US members. I try to make the majority of all trade ideas accessible to everyone, but I don't want to rule out trades those in other areas of the world will be able to access.
Chopsolidation has been the key theme in recent weeks. Crypto markets have been in a process of digesting their recent gains, and now we await the next signal.
Aside from a small number of A+ setups, I'm being patient and giving the market time to consolidate. This seems like the prudent course of action.
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 Airbnb and Uber.
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.
We held our April Monthly Strategy Session earlier this week. Premium Members can access and rewatch it here.
Non-members can get a quick recap of the call simply by reading this post each month.
By focusing on long-term, monthly charts, the idea is to take a step back and put things into the context of their structural trends. This is easily one of our most valuable exercises as it forces us to put aside the day-to-day noise and simply examine markets from a “big-picture” point of view.
With that as our backdrop, let’s dive right in and discuss three of the most important charts and/or themes from this month’s call.