Heading into last week I shifted my short-term bias (weeks) from neutral to bullish.

This worked out rather nicely, with the S&P 500 closing every day in the green and crypto markets getting some relief from this recent selling.

I have flipped back my short-term bias (weeks) back to neutral with stocks pressing up to the highs. This fits into my intermediate bullish bias (months) as the market appears reserved heading into the election.

My longer-term bias (quarters) is still unequivocally bullish.

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.

We've been obnoxiously talking about soft commodities lately.

But, it's for a good reason! And it all comes down to relative strength.

Aside from a few pockets of strength, the trends have been a mess in the broader commodity complex.

Products like Natural gas and precious metals have been hard to ignore if you're involved in the commodities markets.

There's more though. 

Orange Juice futures made a new all-time high this week and look primed to begin a new leg higher.

Let's talk about how we're playing it:

First, some context: 

Like Cocoa, Orange Juice futures have gone wild in recent years. OJ has rallied 450% in the last 5-years, while Cocoa rallied nearly as much in half of the time. 

The momentum behind products like Cocoa and...

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...

Market conditions feel to be improving and taking a shot on some high beta names might be well worth our effort in the coming weeks.

As such, today's trade is in a name that has the potential to 5x or more if I get the follow-through I'm betting on.

In today’s Daily Digest, we’ll review the following:

1. No new positions today.
2. Adjustment to XME position.
3. No exits since the last report
4. Current status of open campaigns.
5. NEW: Volatility Snapshot.

Let’s dig in!

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It’s for people who want steady idea flow through the cycle, bull market or bear.

It’s for people who want to navigate the market every day with the help of a team of professionals.

And it now includes our exclusive 12-week ASC Mastermind Course, where we’ll study the foundation of all our research.

Click here to join us RISK FREE.

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All 11 sectors in the S&...

When Junk Bond traders jump ship, I’m out of stocks.

With all the talk about credit spreads “blowing out” since early August, this is an important discussion to have right now.

We always trust the bond market. Throughout history, bonds have done an impeccable job at alerting investors about problems in risk asset markets. 

When there is stress in other markets, it shows up in fixed income first.

However, as technical analysts, we are mindful of the math that is behind some of the relationships we study and give weight to.

What if I told you that industrials have been massive underperformers during this bull market? 

The absolute price chart looks incredible. How could that be?

We call it the denominator fallacy. 

Benchmarked against the S&P 500 or Nasdaq 100, of course they are underperforming. 

We think there is a similar situation playing out for our bond market ratios right now.

The absolute chart up top looks great. The relative trend, down below, not so much.

...

The most significant insider activity on today's list comes via a Form 4 filing by Permian Resources Corp $PR director William J. Quinn.

Quinn revealed a purchase of PR shares with a total value of approximately $4 million.

Abdiel Capital LP just bought 43,378 shares of Appian Corporation $APPN.

Here’s The Hot Corner, with data from September 12, 2024:

Heading into this week I was anticipating a bounce. We're seeing this playout and at the same time, we're seeing some positive rotation in stocks.

I have the same exposure in the coins I've discussed in recent weeks, with some additional positions in names like MARA.

Overall, a quiet yet productive week for markets.

Gold has been getting a lot of attention lately as it presses against its highest levels in history.

This is an exciting time to be a gold enthusiast.

Just look at what the price is doing.

Here's a long-term chart of gold breaking out to new all-time highs:

After completing a decade-long base earlier this year, the price ripped higher, nearly in a vertical line, reaching the 161.8% Fibonacci extension level.

Following that rally, the price coiled in a tight pattern, absorbing some of its gains, but it’s now back on track with a strong breakout this week.

The bottom line here is that it’s...

Here's the replay and chartbook from today's stream. 

Note that we do these videos live every Thursday at 11 a.m. ET, and I answer questions in the chat room. Be sure to join us and maximize your return potential.  

From the Desk of Steve Strazza @Sstrazza

First up is the $1.3B pet health & wellness services provider, Petco $WOOF:

We first covered Petco in June, after the retailer had its best 3-day rally in history.

With a 200% run-up in the month of May, the stock earned a few months of digestion, and that is exactly what's played out.

Last week, it rallied over 50% on the heels of earnings, sparking a new short squeeze.

With a 29% short...

In today’s Daily Digest, we’ll review the following:

1. New position in USO.
2. No adjustments are needed today.
3. Closed QQQ for a profit.
4. Current status of open campaigns.
5. NEW: Volatility Snapshot.

Let’s dig in!

I'll be Streaming LIVE TODAY at 4 p.m. ET to talk about what that 20% correction in Semiconductors means for this market, where that money is going next, why markets are usually volatile ahead of November’s election, and what exactly we’re doing to profit from it all.

Click here to join us FREE.

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There are plenty of Technology stocks that are working.

You just have to look.

Our...

The most significant insider activity on today's list comes via a Form 4 filing by Control Empresarial de Capitales SA.

The Mexico-based investment firm continues to build a position in PBF Energy Inc $PBF. This time, it made a purchase for $24 million.

AllianceBernstein LP filed an initial 13G for NCR Atleos Corp $NATL disclosing a stake of 10.2%.

Here’s The Hot Corner, with data from September 11, 2024:

We've been pounding the table about the importance of uncorrelated trades as an easy and effective strategy to reduce portfolio risk.