It's nothing new for us who keep track of this stuff regularly. We're seeing a lot of new highs. In fact, we saw more new highs in November on both the New York Stock Exchange and the Nasdaq than we've seen since early 2018.

We're not seeing deterioration in breadth, like we saw in January/February 2020. We're seeing expansion of breadth. We're seeing more participation, not less. More countries are breaking out to new highs, not fewer. These are all characteristics of bull markets and uptrends, not bear markets and downtrends.

They keep telling me that Tech and Discretionary and Communications are no longer participating. But then when you look at the small and mid-cap indexes of those sectors, they've been breaking out to new highs. But now, just to really piss off the permabears, the large-cap indexes are breaking out as well:

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 Tuesday December 1st @ 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 Tuesday evening:

Here's the latest Gold Report. In this 35-page PDF, you'll find:

• Gold, Silver, Platinum & Palladium Charts
• Intermarket Analysis with Precious Metals
• Charts of Gold & Silver Mining Stocks
• Currencies and their impact on Precious Metals
• Comparisons between Precious & Base Metals
• Bitcoin - Where do we go now?
• Comparing the Gold and Bitcoin tops

From the desk of Louis Sykes @haumicharts

I'm back with a brand new edition of the Louis' Look column to share some lessons I'm learning as an intern. You can find my last post here, where I share a handful of obscure charts most people have never seen.

Let's crack straight into it.

My first year of University is now officially over! Woop Woop!

While celebrations would normally be in order, it's a bitter-sweet ending to my freshman year.

This whole virus situation meant that I only spent a few weeks of the year on campus and in the 'University scene' - a time where you're supposed to leave home, grow out, and meet new and interesting people.

As I'm sure we can all attest to, 2020 sucks.

We've been keeping tabs on a stock that we traded successfully earlier this fall. The stock hit our price objective, our spread hit our profit target, and we moved on.

Lo and behold, the stock consolidated around that last price target as we expected, and now after about a month of working through the weak hands, it appears Snap Inc $SNAP is ready to make another run.

From the desk of Steve Strazza @Sstrazza

New Mystery Chart!

For those new to this exercise, we take a chart of interest and remove the x/y-axes and any other labels that would help identify it. The chart can be any security in any asset class on any timeframe on an absolute or relative basis. Maybe it’s a custom index or inverted, who knows!

We do all this to put aside the biases we have associated with this specific security/the market and come to a conclusion based solely on price.

You can guess what it is if you must, but the real value comes from sharing what you would do right now. Buy, Sell, or Do Nothing?

From the desk of Steve Strazza @Sstrazza and Louis Sykes @haumicharts

At the beginning of each week, we publish performance tables for a variety of different asset classes and categories along with commentary on each.

Looking at the past helps put the future into context. In this post, we review the relative strength trends at play and preview some of the things we’re watching in order to profit in the weeks and months ahead.

Last week, we mentioned we were no longer in a split market, but rather in an environment supported by strong internals and an aggressive appetite for risk assets.

This week, we're preaching much of the same.

We continue to see rotation down the market-cap scale, into Micro-Caps and SMIDS, confirming the strong underlying market internals.

If Semi's are leading, how bad could things be for the stock market?

As you can see in this chart below, not only are Semiconductors outperforming the broader markets, but they are also breaking out relative to Technology stocks as a group.

This is the definition of Relative Strength:

From the desk of Steve Strazza @Sstrazza.

Welcome to our "Under The Hood" column for the week ending November 20, 2020.

What we do 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.

Whether we're measuring increasing interest based on large institutional purchases, unusual options activity, or simply our proprietary lists of trending tickers... there is a lot of overlap.

The bottom line is there are a million ways to skin this cat. Relying on our entire arsenal of data makes us confident that we're producing the best list each week and gives us more optionality in terms of finding the most favorable trade setups for our clients.

Remember when small and mid-Caps were the laggards?

Yea good times right?

Well, no mas my friends!

In this chart you can see the Large-cap growth stocks grouped to the upper left while the Small, Mids & Micro-caps are to the lower right.

No, not those semis! Semiconductors!

We're seeing more and more long-term breakouts from monster bases and increasing relative strength across the entire sector.

Case in point, here's a chart of KLA Corp $KLAC:

From the desk of Steve Strazza @Sstrazza

Welcome to the 2 to 100 Club.

Something we’ve been working on internally this year is using various bottoms-up tools and scans to complement our top-down approach. One way we’re doing this is by identifying 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.