Trend Signal Now: Top Down Trade of the Week

Saturday, April 18, 2026

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 is 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’s standout has to be Technology, surging 7 spots into second place in our sector rankings.

Risk is back on. Semiconductors are leading Tech, and Tech is leading all sectors.

When the largest and most offensive stocks lead the charge higher, it can only mean one thing. The bull market is in good health. It’s as simple as that.

The Tech Sector SPDR $XLK made new all-time highs this week and we’re buying the breakout, leaning on one of the strongest names.

First, here’s our overall industry rankings, showing Semiconductors & Equipment up 5 spots to second place.

This has been the top tech subgroup since last year and evidence suggests that leadership is sticking around.

Here are the Top 10 names in the Semiconductors & Equipment subsector, ranked by relative strength.

Our team at ASC runs top-down scans daily, and with ASC Premium, you can access all our research and trade ideas risk-free.

Steve Strazza | Chief Market Strategist, All Star Charts

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