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

A few days ago, we wrote about two large-cap secular leaders from our Inside Scoop list.

We love betting on long-term outperformers.

We discussed them on Wednesday's live strategy session as well.

We also outlined some new long ideas in stocks that are showing relative strength over shorter timeframes.

Let's talk about these names a little more now.

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

We're still picking our spots selectively when it comes to long ideas on our Inside Scoop list.

However, every now and then, some secular leaders pop up on our scan, offering us nice entries and favorable risk-reward ratios.

We're always looking for ways to gain exposure to these outperformers.

Today, we have two industry bellwethers and household names that recently broke out to new highs relative to the broader market.

Let's take a look at these leaders now.

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

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

This is the video recording of our November 30, 2022, Inside Scoop Weekly Strategy Session.

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

The Dow Jones Industrial Average has rallied 19.60% since its September 30 closing low. On Friday, the large-cap blue-chip index notched another major achievement by reclaiming its pivot highs from August.

The S&P 500 and the Nasdaq 100 haven't fared nearly as well, as both are only up a little more than 10% from their respective lows.

However, when we look outside the US, countries like Germany and the UK are enjoying their biggest win streaks since early 2018.

For risk assets to finally put in a durable low, we need participation from stocks outside the US. We're finally getting it.

Amid all the bullish developments, we want to give the Nasdaq and S&P some time to get things in gear and play catch up.

In the meantime, we're starting to find more and more long opportunities in individual issues. This speaks to improving market internals.

We're also seeing more and more insiders and institutions buy into the rally over the past two months. This speaks to improving sentiment.

Let's talk about some new favorites from our Inside...

This is the video recording of our November 23, 2022, Inside Scoop Weekly Strategy Session.

This is the video recording of our November 16, 2022, Inside Scoop Weekly Strategy Session.

This is the video recording of our November 9, 2022, Inside Scoop Weekly Strategy Session.

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

With slow but steady improvement in breadth over the past few weeks, we have more and more stocks rising to the top of our scans and making new highs.

Due to continued weakness from the largest stocks, the indexes are masking a lot of this internal strength. But that's OK; we don't have to trade the indexes or any of those issues!

We're finally re-entering an environment where we have plenty of options on the long side.

Here are some new favorites from our Inside Scoop universe...

This is the video recording of our November 2, 2022, Inside Scoop Weekly Strategy Session.

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

Stocks are back in bear market rally mode for the second time since this summer!

Whether this is the beginning of a new bull market is something we can only know in hindsight. 

Fortunately, defining the current rally appropriately is not a prerequisite for participating in it. And the latter is all we’re worried about.

We want to position ourselves in the strongest stocks from the strongest groups and use them as vehicles to benefit from the counter-trend move that's underway.

We discussed this in more detail on today’s Strategy Session. Click here to review the recording and the chartbook.

Now, let’s dive in and check out some of our favorite setups from our Inside Scoop universe.