Last week I jumped on to Fox Business to talk markets with Charles.

He asked me about S&Ps, Russell2000 Small-caps, US 10yr Yield and Bitcoin.

It's funny, I don't think I've ever agreed this much with a TV anchor in my life.

His Technical Analysis was spot on.

So the setups are certainly there. But I think the catalysts are where we focus. And I believe that continues to be the Dollar and Rates.

Here's the full clip:

Are you watching?

Look what stocks and Crypto do with just a little tiny bit of Dollar weakness.

In fact, US Dollar Index Futures are only down 3.0% off the highs.

And look how stocks have done since the Dollar stopped going up a couple of weeks ago:

One of the processes we absolutely love to follow is the Top/Down Analysis approach. In this process, we identify the larger trend, zoom in, and analyze the characteristics that stand out. We look at the asset classes, identify the strongest one, and then deep dive. Next, we look at sectors and identify the pockets of outperformance. Finally, we look at an actionable trade that suits our risk and reward parameters.

So let's see what we have this time around!

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 which you can check out here.

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 sort the remaining names by...

From the Desk of Steve Strazza @Sstrazza

As this summer’s relief rally gains momentum, the new highs list is gaining and growing along with it.

For long-only universes like The Hot List, this is great news.

Why?

Because we finally have a good amount of bullish chart setups to choose from again. For a few months there, we were struggling to find solid opportunities for putting on long exposure.

We’ve been patiently waiting for evidence that the market is turning. And while we’re not out of the woods yet, conditions have improved significantly since June.

Let’s dive in and talk about some health care stocks that have our attention right now. 

Insiders are buying up regional banks this week.

Independent Director Robert Stallings reported an additional  purchase of $1.2 million in Texas Capital Bancshares $TCB, as he continues to build his position.

The president and CEO of Heritage-Crystal Clean $HCCI reported a purchase of 150,000 shares, roughly equivalent to $4,000,000 worth of stock.

The only 13D on our list today was filed by Inclusive Capital Partners LP.

We debuted a new scan recently which goes by the name- All Star Momentum.

All Star Momentum is a brand new scan that guides us towards the very best stocks in the market. We have incorporated our stock universe of Nifty 500 as the base this time around. Among the 500 stocks that we follow, this scan will pump out names that are most likely to outperform the market.

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.

Now, we're also highlighting lagging stocks on a recurring basis.

Welcome to the Short Report.

We...

This is the video recording of our July 27, 2022, Inside Scoop Weekly Strategy Session.

Elliott Management, one of the largest and longest-tenured activist funds on Wall Street, is back on our list with its second big splash in two weeks.

Earlier this month, Elliott Management became the largest shareholder in Pinterest $PINS with a roughly 9% stake.

The largest insider transaction on today’s list is a Form 4 filing by Director Lorence H. Kim, who reported a purchase of roughly $1 million in Revolution Medicines $RVMD.