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The Hall of Famers (11-29-2024)

November 29, 2024

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...

Options Paid to Play

[Options P2P] Daily Digest 11/29/24

November 29, 2024

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

  1. New position in IWM.
  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!

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Trump Is Good For China

November 29, 2024

How many people do you know have Chinese stocks as the biggest winner of the Trump landslide victory?

I don't anyone, and I talk to a lot of people.

Traders and Investors are simply NOT positioned for it.

They're all just assuming Trump is going to be bad for Chinese stocks, with tariffs and rocket beef and whatever else....

I think it's great. We're happy to take the other side of their (already priced in) pessimistic views.

Here is the CSI 300 Index, which is basically the S&P500 of China. Look at the double bottom, followed by the most violent momentum thrust in the history of Chinese equities, and now the consolidation post election.

It's time...

 

And the time is now.

There were 3 new trades dropped today for...

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I'm Thankful for Good Data

November 29, 2024

Thanksgiving is my favorite holiday of the year. It's not even close.

So from the bottom of my heart, THANK YOU for all of your support over the years. You have no idea how much you mean to me and how appreciative we are for all the emails, comments, feedback and love that you gave us throughout 2024 and all of the years before that.

Seriously. Thank you. 

Thanksgiving to me means Family, Friends, Football, Red Burgundy and Good Eats.

I know there are a few unfortunate souls out there who don't like Turkey. So if you're one of those, I can tell you for a fact, that it's only because you haven't had my Turkey yet!

You're invited next year.

I love Thanksgiving so much that we celebrate it at least one or two more times throughout the year, once in the Spring and probably one more time in early September.

Don't come at me with "Turkey isn't good". Maybe your turkey might not be great, but for the rest of us who know how to prepare it properly, there are few meals throughout the year that are as good as this one! 

Facts only.

And so speaking of facts, the thing that I am most grateful this year, from an...

Hot Corner Insider

Carlos Slim's Control Empresarial Buys More PBF Energy

November 29, 2024

The standout insider transaction of the day comes from Carlos Slim's investment company, Control Empresarial de Capitales S.A.

In another big move, the billionaire's firm revealed an $8.7 million purchase of PBF Energy $PBF shares via a Form 4 filing. 

When one of the world's richest men starts putting serious money to work, it's a signal worth watching closely.

Slim and Control Empresarial have been accumulating shares in PBF all year.

Here’s The Hot Corner, with data from November 27, 2024:

 

In another Form 4, the chairman and CEO of Truist Financial Corporation $TFC, William Rogers Jr, revealed an acquisition of 34,180 shares, equivalent to $1.6 million.

And do you remember all the insider buying in solar stocks recently?

...
Alfonso’s Daily Note

The China Setup to Watch

November 29, 2024

Happy Thanksgiving! A quick pause to say thanks—for the markets, the lessons, and the endless opportunities ahead. 

Let’s enjoy the holiday, recharge, and get back to the grind. 

Here’s today’s note!

Chinese equities are brewing something big.

With the most heated areas not breaking down, and instead, catching a bid, it's tough to imagine China will sit on the sidelines.

Just a month ago, Chinese stocks logged one of their...

The Daily Number

The Daily Number 💯 Friday, November 29, 2024

November 29, 2024

Today's number is... 387

As we approach the final month of 2024, we have seen an impressive number of stocks perform well, with 387 stocks showing positive returns year-to-date so far.

Here’s the chart:

 

(right-click and open image in new tab to zoom in)

Let's break down what the chart shows:

The dark blue bars represent the year-to-date returns of each S&P 500 stock.

The light blue bar indicates the average year-to-date return of S&P 500 stocks.

The yellow bar represents the S&P 500 year-to-date return.

The Takeaway: Bears have been claiming that market breadth has been narrow throughout 2024. That is simply incorrect! Market breadth has been and continues to be strong in 2024. The data supports this.

A total of 387 stocks have posted positive returns this year, with 184 of those stocks outperforming the S&P 500. In contrast, only 118 stocks have posted negative returns during the same period. 

The S&P 500 has gained 26% year-to-date,...

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Junior International Hall of Famers (11-28-2024)

November 28, 2024

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...

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Young Aristocrats (November 2024)

November 28, 2024

From the desk of Steve Strazza @Sstrazza

Dividend Aristocrats are easily some of the most desirable investments on Wall Street. These are the names that have increased dividends for at least 25 years, providing steadily increasing income to long-term-minded shareholders.

As you can imagine, the companies making up this prestigious list are some of the most recognizable brands in the world. Coca-Cola, Walmart, and Johnson & Johnson are just a few of the household names making the cut.

Here at All Star Charts, we like to stay ahead of the curve. That's why we're turning our attention to the future aristocrats. In an effort to seek out the next generation of the cream-of-the-crop dividend plays, we're curating a list of stocks that have raised their payouts every year for five to nine years.

We call them the Young Aristocrats, and the idea is that these are "stocks that pay you to make money." Imagine if years of consistent dividend growth and high momentum and relative strength had a baby, leaving you with the best of the emerging dividend giants that are outperforming the averages.

By...

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ASC Mastermind

ASC Mastermind Lab: How to measure market sentiment with Grant Hawkridge

Below is the 9th ASC Mastermind  Lab. In this video, I'm joined by Grant Hawkridge, one of our analysts at All Star Charts and a specialist in understanding market sentiment. 

How do we know when investors are "bullish" or "bearish"? Price, for one. But there are also several key indicators that we use to measure investor sentiment in addition to price alone. And understanding these indicators, how they work, and when to use them, is critical in getting a complete picture of the market. 

Enjoy this Mastermind Lab. 

 

Options Paid to Play

[Options P2P] Daily Digest 11/27/24

November 27, 2024

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

  1. No new positions today.
  2. Adjustment to IBB position.
  3. No exits since the last report.
  4. Current status of open campaigns.
  5. Volatility Snapshot.

Let’s dig in!

2 to 100 Club,
All Star Charts Premium

2 to 100 Club (11-27-2024)

November 27, 2024

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...

Breakout Multiplier

Green China

November 27, 2024

With the most speculative and beaten-down areas taking on new leadership roles, it’s tough to imagine China will sit out this rally.

Just about two months ago, Chinese indexes and individual stocks registered some of their best performances ever on a short-term basis.

We call these signals momentum thrusts, often marking the initiation of new uptrends. 

And a new uptrend is exactly what we think is coming for China following the recent corrective action. 

We’re going to outline a handful of trade ideas for this theme today and you can pick and choose and position size accordingly based on how much exposure you want. 

As for me, I’m putting on full positions for all of them and planning to add more China exposure soon.

We like the idea of gaining...

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But I was promised a recession...

November 27, 2024

Did it feel as good for you as it did for me?

The stock market is on fire and everyone is making money.

But are we making enough money, considering just how good things have been?

Let me rewind for a second. Do you remember all the promises about a recession that was definitely coming? The yield curve. The money printing. Trump is literally Hitler???

We were even told that we would get a credit crisis of some kind. Maybe even another black Monday...

But all we got instead was one of the greatest years for the stock market in American history.

Here's a chart from our pals over at Goldman Sachs showing this year's performance compared to all the other years over the past century.

It's hard to find a better year for investors:

 

And this is a good lesson for all of us, myself included.

Even though we've been pounding the table this entire bull market to buy stocks and be as aggressive as possible, it's a nice reminder that we should absolutely focus on price behavior, particularly when sentiment is this far removed from reality.

While stocks have been putting up historic returns, the gloom...

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Bull Market Characteristics

November 27, 2024

When it comes to how we approach markets, the first thing we want to do is identify which type of market environment we're in.

Then, and only then, can we decide which tools and strategies are best for that type of environment.

We did that today during our LIVE Breakout Multiplier Event. Watch the Replay here.

For example, your bear market strategies are probably not going to be great during a bull market. Your trend following strategies are probably not going to work too well in rangebound markets. Your...

Hot Corner Insider

CEO John Barry Reveals a $4.7 Million PSEC Purchase

November 27, 2024

The most notable insider transaction today is revealed in a Form 4 filing by John F. Barry, CEO of Prospect Capital Corporation $PSEC.

Barry revealed an additional purchase of PSEC shares with a total value of $4.7 million.

After a 50% drawdown in recent years, PSEC pays a sky-high 11.4% dividend. The company announced its first cut since 2017 just a few weeks ago, causing a 20% selloff in the stock. 

PSEC has established a tradable low and rebounded in the weeks since, and now the CEO is stepping in with $13 million in share purchases.

It sure looks like brighter days are ahead for this battered financial stock.

Another CEO on today's list is Gregory S. Daily of i3 Verticals $IIIV. The chief executive just reported a purchase of 88,544 shares worth $2.1 million, underscoring significant confidence in...

The Daily Number

The Daily Number 💯 Wednesday, November 27, 2024

November 27, 2024

Today's number is... 22.8%

Yesterday, the S&P 500 reached another all-time high. 

So far in 2024, the index has spent 22.8% of its trading days at record highs.

This is the kind of data we expect to see in a bull market!

Here’s the chart:

 

(right-click and open image in new tab to zoom in)

Let's break down what the chart shows:

The blue bars represent the percentage of time the S&P 500 has spent at all-time highs each year.

The Takeaway: Looking back at history, when the stock market hits all-time highs, it often goes on to reach even more all-time highs.

With the S&P 500 achieving yet another all-time high, it’s clear that 2024 is shaping up to be an impressive year, bringing the total number of highs to 52.

As of now, the index has achieved all-time highs 22.8% of the time, making it the sixth highest year on record, with one month still remaining. - The best years on record were 1954 and 1995, each achieving a high of 30.6%.

Additionally...

Alfonso’s Daily Note

The Missing Piece Is Here

November 26, 2024

Transportation stocks are finally catching a serious bid—providing a necessary ingredient to  support the current bull market rally.

If you go back and do the work, you’ll find it's tough for the stock market to sustain an uptrend without some rotation into underperforming areas.

Transports fit the bill perfectly as they've gone nowhere for four years. But now, the landscape has changed. 

Forgotten groups like transports are waking up and participating higher, adding fuel to the broader market.

The iShares US Transportation ETF $IYT is breaking out of a massive base to new all-time highs.

 

The path of least resistance is now higher for this key procyclical index.

Transports finally breaking out above the prior cycle highs gives bulls one of the key missing puzzle pieces they’ve been looking for.

This bull market is finally firing...