Below is the 10th ASC Mastermind  Lab. In this video, I'm joined by Brian Shannon. Brian is the founder of Alphatrends, and also wrote two of the most influential technical analysis books: Technical Analysis Using Multiple Timeframes, and Maximum Trading Gains With Anchord VWAP. 

Brian Shannon has written two of the most influential recent books on technical analysis, and moving averages are at the core of both. 

In this Mastermind Lab, Brian and I discuss the flaws of traditional moving averages, and why VWAP is itself essentially another form of moving average. 

Moving averages are generally meant to allow investors to analyze assets across multiple timeframes, and Brian literally wrote the book on multiple timeframe analysis. So when I want to talk about this stuff, Brian is one of the first guys I call. 

Enjoy this Mastermind Lab. 

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

1. New position in XLV.
2. No adjustments are needed today.
3. Closed USO at Profit Target.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

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.

We talk a lot around here about taking half off the table either when our position doubles in value or we hit a key price target.

It's a great position management practice that increases our win rate while leaving us with partial positions to participate in truly outstanding runs.

But we haven't talked much about alternative ways to "take half."

What if we can take half of our directional risk off the table while leveraging gamma to keep the majority of our open profits in the case of a market reversal, and participate almost fully in a truly massive breakout?

Sounds nice, right?

A situation like this is presenting itself in our current open position in $CM Dec 55 calls. We entered this position in August and now our in-the-money calls are approaching expiration on December 20th.

Here's the chart:

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

1. New position in XLB.
2. No adjustments are needed today.
3. No exits since the last report.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

Last night was our LIVE Monthly Charts Strategy Session for Premium Members of ASC Research.

This 2-times per month LIVE event is one of the biggest reasons why most of the world's largest financial institutions that you've ever heard of come to Allstarcharts for help making big decisions in the market.

One chart that really stood out to me, especially considering where we are in the cycle, is just how many bears there are among individual investors.

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.