How's the Bull Market treating you?

Does it feel as good for you as it does for me?

I've been watching really angry people fighting these uptrends in stocks over the past 6+ months and they are not happy.

Life is harder when you ignore price, in favor of such arbitrary things like the economy or corporate earnings.

What kind of serial killer puts that gossip ahead of the tape?

I want this to be a good reminder that we DO NOT EVER want to fight the tape.

Fight the fed all you want. Ignore the economic gossip coming out of the basic cable stations. All of that is perfectly acceptable behavior.

It's the tape that you cannot fight, if your goal is to make money.

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.

Remember in the first half of last year, it was only the Energy stocks that were in Uptrends.

You can use a simple 200 day moving average to point to and say, "OK price is above that so it's probably not a downtrend".

Then in October, we were talking about how Bear Markets are a choice, and one that investors didn't have to sit through if they didn't want to.

By that point, Healthcare was already being added to the list of Sector Indexes that were above their 200 day moving average.

So now entering Q4 you had Energy AND Healthcare.

By November, you then had 3 more added to the list of uptrends: ...

It's the weekly commodity edition of What the FICC?

I have to imagine Uranium stocks catch a bid if copper and gold are ripping higher.

Check it out!

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

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. Click here to check it out.

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...

From the Desk of Kimmy Sokoloff

That's four Fridays in a row the market has had a great rally, though there was a decent sell-off in the last half hour of trading.

I had a few stop-outs today, a typical Friday with messy action.

From the Desk of Ian Culley @IanCulley

Commodity prices remain elevated despite easing inflationary pressures.

It’s evident in the two overarching themes across the commodity space – resilience at the index level and relative strength from metals.

I’ve been vocal about both, urging readers not to fight DR. Copper while teasing the possibility of Gold reaching 5K. I’m serious about both!

Strength likely spills over into the periphery if we’re in an environment where gold and copper print fresh highs. 

That brings us to my favorite chart this week…

Check out the Uranium ETF $URA:

URA completed a multi-year base in April 2021. It has since found support at a former resistance level marked by its prior cycle highs from 2017. 

I’m sure...

From the Desk of Willie Delwiche.

The last decade-plus has featured extended periods of US leadership and only brief bouts of with the rest of the world on top. While it may be outside of the experience or active memory for many investors, the first decade of this millennium saw the exact opposite: persistent strength from the rest of the world and little leadership from the US.

Why It Matters: When it comes to global equity exposure, diversification has been a dirty word for a decade. US investors have not been rewarded for looking overseas. Now that is changing. Absolute uptrends are more common right now outside of the US than within our borders. Our asset allocation model that uses the ACWI (60% US) as a benchmark is near max underweight equities (versus bonds and commodities), while a version that takes the US out of the equation is at max overweight equities. Investors are taking notice, with US equity ETFs seeing outflows and foreign equity ETFs experiencing a surge in inflows. The paradigm is shifting and investors are getting...

This is the video recording of our January 27, 2023, All Star Charts Crypto Weekly Strategy Session.

This is the video recording of our January 27, 2023, Inside Scoop Weekly Strategy Session.

Earlier this week, we took our original risk capital out of our Micron Technologies $MU position, and now we're enjoying a #FreeRide into the summer.

We've got a somewhat more conservative bullish bet going in Analog Devices $ADI via a call calendar spread.

As you can see, we've already got exposure to the semiconductors space. But there is a ton of bullish action here so as long as it keeps working, we're going to wade a little deeper in the semis pool for our next trade. 

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

We've adjusted a position in the Paid-to-Play portfolio today:

The most significant insider buy on today’s list is a Form 4 filing by Lockheed Martin $LMT Director John Donovan.

Donovan reported a purchase of roughly $250,867 in LMT.

From the Desk of Kimmy Sokoloff

So far, every Friday this month the market has traded higher, with strong gains.

Can we make it a fourth Friday rally in a row?

We like to keep things simple around here.

When there is less supply of something, and more demand for it, the price goes up.

That's how markets work.

So first it was Warren Buffett aggressively buying shares of Chevron. He now owns over $30 Billion worth.

This has been a very very good trade for us.

Warren Buffett was the smart money. And we listened.

Now this week, you can argue that the even smarter money, the company itself, announced a $75 Billion Buyback.

In other words, with all the money that Chevron is making these days, they believe the best thing they can do with all that cash is to buy their own stock.

And so $CVX is now making new all-time...

It's the weekly bond edition of What the FICC?

The near-term direction of US interest rates will play a major role in how market conditions resolve in the coming weeks. This is a chart you want to monitor closely...

Check it out!

From the Desk of Ian Culley

Choppy conditions prevail.

Sure, risk appetite is returning as long-duration assets catch a bid.

The ARK Innovation ETF $ARKK, Tesla $TSLA, and even the Emerging Markets Bond ETF $EMB show impressive near-term strength.

Nevertheless, the overall market is still a range-bound mess…

The S&P 500 churns below overhead supply. A decisive downside resolution in the US Dollar Index $DXY has yet to occur. And commodities – at least at the index level – refuse to violate key support levels.

I doubt the markets will clean themselves up in the coming weeks. But if you want insight into the near-term direction of the major asset classes, keep an eye on this one chart…

Here it is – a triple-pane look at the yields on the five-, 10-, and 30-year US Treasury bonds:

It’s all about the...

This is the video recording of the January 26th, 2023, Weekly Town Hall w/ Willie Delwiche.

1/26/23 2:00 PM ET

Today’s note has nothing to do with trading, and absolutely everything to do with trading.

Let me explain.

The solutions to trading problems aren’t always found when we’re trading. In fact, I would argue most of the time they aren’t. At least not for me.

Have you ever been in the shower, on a walk with your dog, or driving your car when suddenly you were struck with a fantastic idea or an important “to-do”? Not just about trading, but about anything?

Happens to me all the time.

Even worse, it seems that whenever I’m struck with a great idea or a prompt for an errand I need to do, they come in waves. The brainstorming just flows ideas out of my head in a torrent that makes it impossible for me to remember everything. And it always seems to happen when I have no ability to write it down.

So I just try to remember it all until later when I can either perform the task, send that email, write that blog post, make that trade, or adjust that strategy.

But this act of remembering prevents me from moving forward when all I’m trying to do is balance the spinning plates of thoughts running in my head.

Remembering consumes far...

From the Desk of Kimmy Sokoloff

That was a nice pop this morning, with $SPY trading as high as 404.

I put on a long position in SPY last night at 401. So it was a nice and very welcome good-morning gift.