Trend Signal Now: Top Down Trade of the Week

Saturday, June 14, 2025

Welcome to The Strazza Letter, a free note with market insights from me, All Star Charts Chief Market Strategist Steve Strazza.

Welcome back for another Top Down Trade of the Week.

This one's a classic leadership scan.

We start with the best sectors, then drill into the subgroups. We pick one, and then take a look at the top stocks in it.

This week, Energy is the big standout—jumping to the top of our sector rankings.

Healthcare and utilities also made a big move up on the leaderboard as growth sectors faltered.

Here is a look at our overall industry rankings, which shows oil & gas cracking into the top 10.

It's not a surprise to see it there—crude oil has been squeezing higher, posting its best week since October 2022.

That kind of price action tends to light a fire under energy stocks, and that's exactly what we're seeing.

These are the Top 10 integrated oil & gas names, sorted by relative strength.

My favorite setup from the list is Imperial Oil Ltd $IMO:

Imperial Oil might just be the best-looking energy chart out there right now.

The stock is making new all-time highs on both an absolute and relative basis.

How many energy names can say that these days? Not many.

After spending a year consolidating above the breakout level of a 15-year base, IMO is breaking out to fresh highs again.

As long as we're above 80, we like it long with a target of 140.

Our team at ASC is constantly running these kinds of top-down scans. If you want access to our research and the trade ideas that come out of it, join us today—risk free.

Cheers,

Steve

Steve Strazza | Chief Market Strategist, All Star Charts

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