Thanks for all the great comments and emails.

I'm glad to hear how well you guys are doing in this environment.

But keep in mind that not everyone looks at the market the way you and I do.

Some people out there think the Dow Jones Industrial Average is beneath them.

Some people like to pretend to be smart and wait for computers to tell them if stocks are going up, instead of just counting.

Price weighted indexes don't seem to be good enough for some of their ...

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 Ian Culley @IanCulley

Energy stocks refuse to lose.

We can’t deny the relative strength of the energy space, whether we’re talking about stocks or commodities. But it’s been equities over the raw materials for months now.

It doesn’t look like that will change any time soon. However, I doubt energy contracts will be left behind.

Let’s run down the most actively traded contracts for crude, gasoline, and heating oil. First, crude oil:

The December contract has chopped around a key level of former support at 85. Despite the sloppy nature of the chart, I don’t hate a long position here. But that's only if it’s above 85.

Keep in mind crude oil has been messy, so you’ll want to give it room to breathe. Plus, potential resistance comes in at the July and August pivot highs around 96. 

I’d much rather trade gasoline or heating oil for two reasons...

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

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:

...

How great it is that we can change our minds and take decisive action immediately?

As traders in the financial markets, if our spidey senses detect that something is amiss or conditions have changed, we can often liquidate our positions and head safely into cash with just a few keystrokes on our computer. Depending on the size of our positions, we can be completely in cash within minutes, maybe even seconds!

You can’t do that with Real Estate.

You certainly can’t do that with Private Equity investments.

You definitely can’t do that with a small business.

All of those investments are fine for their own reasons. But they don’t offer us the opportunity to immediately exit if we change our minds.

Of course, just because we can change our minds on a dime doesn’t mean we always should. If we’re wishy-washy and trading without a plan, it becomes incredibly easy to overtrade and drive our commission bills and nerves through the roof. While this might make us popular at our broker’s office, our accountants will unlikely be pleased.

There are stocks going up and there are stocks going down.

I'm old enough to remember when we would all call that normal.

The going up category just got longer recently. Remember Energy had been the only Sector Index above its 200 day moving average.

Healthcare is now also on that list.

Industrials and Consumer Staples are the next closest ones.

This morning we talked about how poorly the Tech heavy Emerging Markets were doing vs those like Brazil, Saudi Arabia and Indonesia, that have a much different composition.

The difference in performance is off the charts.

There are big winners and big losers.

Another big loser driving...

From the Desk of Ian Culley @Ianculley

Bonds have stopped falling across the board!

That doesn’t mean it’s time to go all in. Tactically, it’s difficult to get behind this week’s near-term strength. 

Right now, we’re looking at just a few days of bullish price action. And where do we define our risk?

We have to know where we’re right and where we're wrong before we get involved in any investment. 

Thankfully, high-yield bonds answer this all-important question.

Check out the daily chart of the High-Yield Bond ETF $HYG:

Unlike most bonds, HYG has formed a small reversal formation.

We like the looks of this 4-week inverted head-and-shoulders on the HYG chart. Momentum is improving. And the bulls are reclaiming a key level of former support turned resistance marked by its...

You certainly see it in life - the losers usually continue to lose. And winners win.

It's the same thing in the stock market. Winners tend to keep on winning, and the losers remain losers for a reason.

With the whole ESG scam unraveling over the past couple of years, the market has voted with their dollars.

That's what pays.

Not cute bed time stories. Actual Dollars.

Forget the narratives. I want to know what investors are ACTUALLY doing.

And as we have documented here consistently, the voting dollars are being used to buy Energy.

But I continue to be impressed with the strength in Energy stocks, despite the correction we've seen in Crude Oil Futures.

Bear markets are infamous for their counter-trend rallies.

Breakouts fail, and the charts are painted with false moves.

Throughout this bear market, traders have bought the breakouts to then dump the next day into an illiquid tape.

Given the gains we've seen over the last few days, I think it's important we step back.

I understand the theories about Crypto Currencies being a scam.

"The whole thing is about to fall apart", they tell me.

And yea maybe.

That's entirely possible.

I don't really care that much either way. If it goes up, I hope to profit from it. And if all the coins go to zero, I'll make sure I'm not in them.

Other people losing money long crypto in that scenario is not my problem. I don't have the slightest interest or the time to care about other people's portfolios.

And I say that only to reiterate that I'm approaching this conversation with a very open mind.

Because we all know that the Bitcoin maxis and Ethereum folks can rarely have a civilized conversation, particularly with those who might disagree.

So to be clear, I do not care at all.

Welcome to the 2 to 100 Club.

As many of you know, something we've been working on internally is using various bottom-up tools and scans to complement our top-down approach. It's really been working for us!

One way we're doing this is by identifying the strongest growth stocks as they climb the market-cap ladder from small- to mid- to large- and, ultimately, to mega-cap status (over $200B).

Once they graduate from small-cap to mid-cap status (over $2B), they come on our radar. Likewise, when they surpass the roughly $30B mark, they roll off our list.

But the scan doesn't just end there.

We only want to look at the strongest growth industries in the market, as that is typically where these potential 50-baggers come from.

Some of the best performers in recent decades – stocks like Priceline, Amazon, Netflix, Salesforce, and myriad others – would have been on this list at some point during their journey to becoming the market behemoths they are today.

We continue to be handcuffed by earnings season. Some of the best setups we like right now are in stocks slated to announce earnings over the next week or two. As an options trader, I don't like to position ahead of imminent earnings announcements. That is tough binary risk to control.

Today's trade has earnings coming up in a little over a month from now, so that'll have to do. At least it gives us some time to build a little cushion. Because if we're wrong in this trade, it's likely we'll find out pretty quickly over the next two weeks.