It’s been a wild ride for crypto these past few months.

The post-election rally was one for the record books.

But the same is true for the steep and swift drawdowns that have ensued.

The majority of these altcoins are down more than 50% from their December highs. The average cryptocurrency has been decimated. 

It is common for volatility to spike in both directions at inflection points… and I think the entire crypto market is at one now.

The question is what direction are we going in?

When I think of charts like Binance, Ethereum, or Solana… they’ve been rangebound for a long time. These primary trends are sideways.

Here they are shown trading right around the same levels they were at in Q1 of last year:

So it could really go either way. I don’t have a strong opinion on whether they resolve higher or lower from here. But when I see a resolution, I’m going to go with it. 

I’ll be adding on breakouts and I’ll be out if these ranges break down. In fact, I already ...

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 Hall of Famers, 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.

...

Our International Hall of Famers list is composed of the 100 largest US-listed international stocks, or ADRs.

We've also sprinkled in some of the largest ADRs from countries that did not make the market cap cut. 

These stocks range from some well-known mega-cap multinationals such as Toyota Motor and Royal Dutch Shell to some large-cap global disruptors such as Sea Ltd and Shopify.

It's got all the big names and more–but only those that are based outside the US. You can find all the largest US stocks on our original Hall of Famers list.

The beauty of these scans is really in their simplicity.

We take the largest names each week and then apply technical filters in a way that the strongest stocks with the most momentum rise to the top.

Based on the market environment, we can also flip the scan on its head and filter for weakness.

Let's dive in and take a look at some of the most important stocks from around the world.

Here's this week's list:

Last week, I joined my friend Michael Batnick on “What Are Your Thoughts.”

The guys over at Ritholtz Wealth and the Compound are the absolute best at what they do. For that reason, doing their shows is always an honor. 

But, it’s also a blast. They make talking markets fun.

We talked about a number of topics from breadth, to short-sellers, and even Nancy Pelosi’s latest trades.

Make sure to check out the replay if you missed it.

Anyways, it is on my mind because Batnick brought up the Dollar Tree chart and I’ve been watching it ever since. We both really like the setup. 

Today, I’m pulling the trigger as it looks to be finishing the right shoulder of this inverse head and...

From the Desk of Steve Strazza @Sstrazza

Welcome to The Junior International Hall of Famers.

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-listed international stocks, or ADRs.

This scan is composed of the next 100 largest stocks by market cap, those that come after the top 100 and are thus covered by the International Hall of Famers universe.

Many of these names will someday graduate and join our original International Hall Of Famers list. The idea here is to catch these big trends as early on as possible.

Let’s dive right in and check out what these future big boys are up to.

This is our Junior International Hall of Famers list:

Click table to enlarge view

And here’s how we arrived at it…

We removed laggards which are down 5% or more relative to the ACWI Ex. U.S. Index $ACWX over the trailing...

This week was all about mega cap growth.

We kicked off Monday with an AI-themed selloff on the DeepSeek news.

And then over the course of the week, the majority of the magnificent seven names reported earnings. I discussed all the key chart levels and reactions on a livestream yesterday.

Most of them did well, but it’s a mixed bag. 

MSFT got hit. AAPL pulled some gains forward ahead of their report. META is an absolute monster. And the setup in TSLA looks as good as anything after a muted reaction.

This is all great. I own most of these names still, and I’m content with them. I’ve taken profits in some - like META & NVDA, and I’ve added to others - like TSLA & GOOGL, recently. I think they all keep drifting higher. But, they don’t excite me.

US mega tech is no longer a conviction long for me. 

There are...

Last week, I joined my friend Michael Batnick on “What Are Your Thoughts.”

The guys over at Ritholtz Wealth and the Compound are the absolute best at what they do. For that reason, doing their shows is always an honor. 

But, it’s also a blast. They make talking markets fun.

We talked about a number of topics from breadth, to short-sellers, and even Nancy Pelosi’s latest trades.

Make sure to check out the replay if you missed it.

Anyways, it is on my mind because Batnick brought up the Dollar Tree chart and I’ve been watching it ever since. We both really like the setup. 

Today, I’m pulling the trigger as it looks to be finishing the right shoulder of this inverse head and...

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.

Some of the best performers in recent decades – stocks like Priceline, Amazon, Netflix, Salesforce, and myriad others – would have been on this list at some point during their journey to becoming the market behemoths they are today.

When you look at the stocks in our table, you'll notice we're only focused on Technology and Growth industry groups such as Software, Semiconductors, Online...

Europe has come a really long way in just a short while

The Euro STOXX 50, an index of the largest blue-chip companies in the Eurozone, is up about 10% in less than a month. 

I remember a time not long ago when I was worrying about the potential tops that had formed in Europe.

They never completed. Instead, we hooked higher like we’ve seen so many times before.

This is what the STOXX 50 $FEZ chart looked like coming into the year (in USD).

What a nasty distribution pattern, right?

But here's what it looks like today.

Buyers showed up and defended this key support zone again in December. 

For now this top is nothing like the top from the prior cycle. It's likely just another continuation pattern. It completes on a breakout above 54.

So what is next for Europe?

Considering the messy, rangebound action for...

I keep hearing that today’s FOMC announcement and press conference will be a snoozefest.

I couldn’t disagree more.

I think a major development is riding on the market's expectation for future rate cuts.

In recent weeks, the expectations for the next rate cut have moved forward.

During this time, Trump has put pressure on the Fed, and the latest CPI report showed inflation cooling.

But, the reason doesn’t matter as much as the fact that the bond market is buying the story.

The US 10-yr has fallen from about 4.8% to 4.55% in the last two weeks.

More importantly, it’s taking the US Dollar with it.

DXY is the most critical chart in the world right now and it is moving with the bond market and investors’ expectations for interest rates.

If Powell gives any indication that they are moving lower sooner today, it could be the catalyst needed to fail this breakout and send DXY back into its old range.

If the dollar rolls over here or even falls back into a sideways trend, the impact could be massive for risk assets.

And I don’t just mean US equities. I think international stocks stand to win more than...

I’m really grateful for the path I took in getting where I am today.

I wasn’t always hanging out on an island trading and covering the stock market.

I put in my time. 

I started my career in the Big 4, auditing some of the largest financial institutions in the world.

I spent long nights ticking and tying financial statements and testing derivative valuations for companies like Morgan Stanley and Interactive Brokers.

I know the strangest things about these companies' fundamentals and their history. I made friends and memories I’ll never forget. I was in the room for some historic market events. When I think back on some chapters of my early adult life, they were literally set in these offices. 

But none of the non-public information I learned at these places back in the day is relevant or material now. I have an insider's understanding of these businesses, but no special information about them. 

And I don’t need it. I’m a long-term bull on a lot of these companies simply because of the people who run them. Some have been great mentors over the...

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:

*Click table to enlarge view

We filter out any laggards that are down -5% or more relative to the S&P 500 over the trailing month.

Then, we...