From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts

While the S&P 500 and other major averages made new lows last week, fewer stocks made new lows beneath the surface. 

Not only is downside participation narrowing. But the list of new highs is slowly growing. 

While it’s nowhere near where it needs to be to give us a bullish signal on the overall market, it is giving us a growing number of opportunities in individual names.

Let’s talk about some charts that we like buying (or preparing to buy) from our Inside Scoop universe right now.

This is the video recording of our October 14, 2022, Inside Scoop Weekly Strategy Session.

This is the video recording of our October 5, 2022, Inside Scoop Weekly Strategy Session.

This is the video recording of our September 28, 2022, Inside Scoop Weekly Strategy Session.

This is the video recording of our September 21, 2022, Inside Scoop Weekly Strategy Session.

From the Desk of Steve Strazza @Sstrazza

Although volatility has returned to equity markets this week, we continue to see pockets of strength in a variety of areas and individual stocks from our Inside Scoop universe.

While many of the strongest names continue to struggle in terms of breaking out and sustaining new highs, just as many are showing impressive resilience despite the broad market weakness.

Here we’ll outline a trade setup in a small-cap stock that’s coiling near fresh highs.

In lieu of this week’s Strategy Session, we’ll also run through some of the names from our Inside Scoop universe that stand out.

From the Desk of Steve Strazza @Sstrazza

With stocks posting a broad rally this week, we found a handful of names from our Inside Scoop universe that are on the verge of breaking out from bullish chart patterns.

As we discussed on Wednesday’s call, even the leaders are struggling to hold new highs lately.

For this reason, we want to be patient with these setups and be prepared for false starts.

With that said, these are some of the strongest names from the strongest industry groups right now. 

If the market is kicking off a fresh rally, these are the kinds of stocks we expect to lead it.

This is the video recording of our September 7, 2022, Inside Scoop Weekly Strategy Session.

This is the video recording of our August 31, 2022, Inside Scoop Weekly Strategy Session.

This is the video recording of our August 24, 2022, Inside Scoop Weekly Strategy Session.

From the Desk of Steve Strazza @Sstrazza

With market conditions turning increasingly favorable for the bulls, we’re flush with fresh breakouts and new highs in our Inside Scoop universe.

It’s been a long time since this has been the case.

Seeing individual stocks start to offer bullish setups again is some of the best confirmation we could get for the short-term breadth thrusts that have been stacking up in recent weeks.

If this truly was the bottom, then we will continue to see participation expand and there will be plenty more opportunities in the coming months.

Let’s dive in and talk about some of our favorite names that are actionable at current levels.

This is the video recording of our August 17, 2022, Inside Scoop Weekly Strategy Session.