From the Desk of Kimmy Sokoloff

$SPY and $QQQ held on to their respective support.

But we did see some intraday volatility.

We had a resting GTC order filled at our profit target in the Paid-to-Play portfolio today:

The next new position in our Paid-to-Play portfolio is:

From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on the list comes in a Form 4 filing by Working Capital Advisors (UK) Ltd.

The investment advisory firm revealed a purchase of $166,774 in Funko Inc $FNKO.

How come so many investors get mad that an index, which was designed to buy more of the best stocks and less or none of the worst stocks, owns more of the best stocks and less or none of the worst stocks?

The S&P500 is up over 21% since the October low last year. In fact, last week marked the 1 year anniversary of this bull market.

Meanwhile, the Nasdaq100 is up 40% over the past 12 months (because it's a bear market?)

During this time, Technology is up 46%, Communications is up 42% and Industrials are up 22% - representing the 3 best performing groups of stocks.

These are the registration details for our LIVE Mid-month Conference Call for Premium Members of All Star Charts.

Our Live Call will be held on Tuesday October 17th @ 6PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.

Here are the details for Tuesday night:

From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on the list comes in a Form 4 filing by Working Capital Advisors (UK) Ltd.

The investment advisory firm revealed a purchase of $166,774 in Funko Inc $FNKO.

From the Desk of Kimmy Sokoloff

The indices are pointing higher for now.

We'll see if they're flagging to trend higher.

From the Desk of Alfonso Depablos @Alfcharts

One of the relative trends we must regularly evaluate is the relationship between large-caps and small-caps.

Sometimes large-caps outperform. Other times, it’s the little guys leading the way. 

This ratio tells us which ones we should be focusing on. 

The chart below shows the Russell 1000 Large-Cap ETF (IWB) relative to the Russell 2000 Small-Cap ETF (IWM) breaking out of a monster-basing formation.

This is the weekly post that aggregates all the charts we put together throughout the week and organizes them all into one, easy to flip through deck.

From the desk of Steve Strazza @Sstrazza

Our International Hall of Famers list is composed of the 100 largest US-listed international stocks, or ADRs.

We've also sprinkled in some of the largest ADRs from countries that did not make the market cap cut. 

These stocks range from some well-known mega-cap multinationals such as Toyota Motor and Royal Dutch Shell to some large-cap global disruptors such as Sea Ltd and Shopify.

It's got all the big names and more–but only those that are based outside the US. You can find all the largest US stocks on our original Hall of Famers list.

The beauty of these scans is really in their simplicity.

We take the largest names each week and then apply technical filters in a way that the strongest stocks with the most momentum rise to the top.

Based on the market environment, we can also flip the scan on its head and filter for weakness.

Let's dive in and take a look at some of the most important stocks from around the world.

Here's this week's list:

...

From the Desk of Ian Culley @IanCulley

Price must hold above key support levels when defining a range or uptrend.

It might sound simple. Yet investors often sideline these crucial levels in favor of the latest headline.

I read the news daily and support journalists fighting the good fight. However, I don’t incorporate what I read in the papers into my market analysis. 

Instead, I focus on price and the critical areas seared into the collective memory bank – support and resistance.

Perhaps you can guess my response when a reader recently asked, “What will it take for crude oil to break down?”

Price must undercut support!

Check out the daily crude oil chart:

The principle of polarity unfolds as former resistance turns support at approximately 83.25. That’s the level.

It’s difficult to...

From the Desk of Kimmy Sokoloff

As of now, $SPY and $QQQ are consolidating.

$IWM looks dreadful.

And anything can change by Monday. 

The next new position in our Paid-to-Play portfolio is:

From the Desk of Steve Strazza and Alfonso Depablos

Today’s Hot Corner is another short one.

The largest insider buy on the list comes in a Form 4 filing by Randall J. Weisenburger, independent director of Carnival Corporation & plc $CCL.

From the Desk of Kimmy Sokoloff

Happy Friday the 13th!

The market really shifted directions yesterday, and $IWM led the way lower.

From the Desk of Steve Strazza and Alfonso Depablos

Today’s Hot Corner is another short one.

The largest insider buy on the list comes in a Form 4 filing by Randall J. Weisenburger, independent director of Carnival Corporation & plc $CCL.

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

Markets have been able to stage a significant rebound off the lows from last week.

After some massive bullish engulfing candles Friday, the major averages - led by mega-cap growth stocks, have exhibited strong follow-through to start the week.

That changed a little today as markets gave back some gains as the dollar and rates ticked higher.

The bottom line is there is still work to do. While stocks appear to have found a tradable low, that doesn't tell us much about where we go from here.

If the dollar and rates hold current levels, things are likely to remain messy.

However, even under this scenario, we think there will be some big winners as we march forward to the end of the year. And all indications from the market suggest most of those winners will be from the tech and growth space.

Let's outline some of our favorites right here, right now.

From the Desk of Alfonso Depablos @Alfcharts

The negative correlation between equities and the dollar remains intact, representing a fundamental piece of the current intermarket puzzle.

When the dollar strengthens, stocks tend to fall under selling pressure. On the flip side, stocks often enjoy strong bull runs when the dollar trends lower.

That's been the case for some time now. 

When we zoom in on this relationship, it becomes clear as day why the dollar should be on the mind of every stock market investor right now.

Below is a 15-minute chart of the S&P 500 Futures and the US Dollar Index over the last week.