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.

The bottom line is it is a bull market. We...

Today, we made a checklist of the most important charts in the market. 

We came up with about 20 key levels that, if broken, would suggest the end of the bull market.

Our list covers things from the major averages to crypto, and even some commodities and relative ratios. 

There are so many big levels being tested right now. In many cases, they are the prior-cycle highs, which means violations will result in some nasty failed breakouts.

We’re going to track them all closely and weigh the evidence. As more and more of these levels give way, we will turn increasingly bearish.

But, for me, one chart matters so much more than the rest over the short-term. Actually let’s just call it three, since it is the same situation for all of them.

Here’s a look at the S&P 500, Nasdaq 100, and Dow Industrial Average all digging in at their VWAPs from the August lows. These are the most important stock market indexes in the world.

They are all testing crucial support and rebounding in synchrony.

We’ve seen this story before. This won’t be...

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...

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.

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It really looks like game over for crypto. Hear me out. 

Last week, I wrote a post about how I’m turning bearish. I’m out and even a little short. It’s been going well.

Then last night, Trump tweets about the crypto reserve and sets the whole space on fire.

Cardano is rallying 60%, and I’m sitting in my office preparing a list of things I need to see to turn bullish again. 

But by the time traditional markets opened today, it was clear this move was a head-fake. It was more of the same. 

Despite the bullish headlines, all the Sunday fireworks would be erased.

We’ve already discussed the sentiment of the asset class and how cryptos have reacted to news lately. It’s a big part of my bearish thesis. But, this is a new low.

Think about it. 

Crypto was public enemy number one just last year.

Now, we don’t just have a friendly and favorable regulatory environment...

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:

It is always good to play a little devil’s advocate.

One of the things JC has got me accustomed to doing over the years is thinking like a bear… even when I’m not bearish.

“Make your best bear case,” he’d say. 

“What are the worst charts right now?”

It’s something we do just as a thought exercise. Even in the best of bull markets, this is a valuable technique.

Anyway, I thought of it today because I’m finding it uncomfortably easy to paint a negative outlook on stocks lately. 

And I’m not alone. Market sentiment is in the dumps as the bearish evidence keeps piling in.

So, I went to the analyst team and asked them for their most bearish charts this morning.

Let’s look at some and talk about what they mean.

First up, this one is from the Fons:

He talked about this failed break in the discretionary vs staples ratio in his note the other day.

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...

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...

I’ve been thinking a lot about if this could be the end…

On the Morning Show today we talked about whether the bull market for stocks could continue if we lost Bitcoin.

The answer is it definitely could. But, wouldn’t it be strange? 

Crypto and stocks have danced together for a long time.

However, I think it’s less about crypto and more about the overall risk appetite of the market. 

Bitcoin is just one part of it. When I think about risk on corners of the market and the kind of things that should be working during a healthy bull cycle I’m thinking of homebuilders, semiconductors, and banks… to name a few groups. 

But I’m also looking into the relationships between groups. In particular, I’m analyzing the performance of offensive stocks versus defensive stocks. The best ratio for this has always been discretionary vs staples.

XLY/XLP ranks second to none when it comes to the assessment of risk appetite.

Cryptocurrencies and crypto stocks are reacting negatively to some of the most positive news they’ve had in years.

It all just speaks to the recent mood shift for Bitcoin and friends. Since the election rally, it hasn’t gone well.

And just think of the news cycle. The first crypto president. A strategic BTC reserve. A non-predatory SEC. Crypto fund approvals. 

The headlines couldn’t be more bullish.

Yet, the average altcoin has suffered a 60% drawdown, and there are literally no cryptos holding up outside of Bitcoin.

I think the next leg for Bitcoin will be lower, as it gets in line with the rest of its asset class. 

In this post, I’ll explain why and what I’m doing about it.

When I think of Bitcoin, I also think of Solana, Ethereum, Coinbase, and Microstrategy… the whole group should work together. It always has. When...

Stocks are under pressure in the US. Today marks the worst performance of the year for the S&P 500.

But, here’s the thing. It shouldn’t come as a surprise. US stocks haven’t been the leaders for a while.

The US major averages have been stuck sideways for about three months while equities around the world have been moving higher.

Outside of India and Taiwan, you won’t find a worse-performing country than America this year. We’re literally at the bottom of the leaderboard.

It’s almost crazy to think at this point… but after 15 years of US outperformance, could the rest of the world be taking the driver's seat?

First, let’s talk about the technical outlook. There is a growing list of individual countries that have already been outperforming the US. But, that’s not what we’re looking to find out. We want to know if it is finally time for ex-US equities, broadly speaking, to assume a leadership role.