These are the registration details for our Live Monthly Candlestick Strategy Session for Premium Members of All Star Charts.

This month’s Video Conference Call will be held on Thursday June 3rd @ 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 Thursday evening:

From the desk of Steve Strazza @Sstrazza 

Check out this week’s Momentum Report, our weekly summation of all the major indexes at a Macro, International, Sector, and Industry Group level.

By analyzing the short-term data in these reports, we get a more tactical view of the current state of markets. This information then helps us put near-term developments into the context of the big picture and provides insights regarding the structural trends at play.

Let’s jump right into it with some of the major takeaways from this week’s report:

* ASC Plus Members can access the Momentum Report by clicking the link at the bottom of this post.

Macro Universe:

From the desk of Steve Strazza @sstrazza

This is one of our favorite bottoms-up scans: Follow The Flow. In this note, what we do is simply create a universe of stocks that experienced the most unusual options activity - either bullish or bearish... but NOT both.

What we mean by this is that we have options experts, both internally and through our partnerships with TheTradeXchange, whereby we do all the digging through the level 2 details and do all the work upfront for our clients, in order to isolate only those options market splashes that represent levered and high-conviction, directional bets.

I can't begin to tell you how many people have approached me in recent weeks laughing about how they're happy I'm back on the Gold train.

Why wouldn't I be? Our gold trades are working.

One thing I learned the hard way in this business is to do less of what's not working and do more of what is.

It sounds too simple but I can't emphasize enough just how important this concept is.

This isn't like a Roulette wheel of randomness. Markets trend. That's why Technical Analysis works, because we're looking for trends.

One thing we know about new lows is that they are not a characteristic of uptrends.

We know this.

So here's an update on that whole Growth vs Value thing: New Monthly closing lows all the way down the cap scale.

From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley

Here we are on Friday, and it's been yet another eventful week for the commodity complex.

Steel futures ripped higher. Corn was limit-up on Thursday. Lumber continues to digest its gains with the same volatile fashion it made them in, giving back another 10% on the week.

And then of course there's Dr. Copper which appears to have successfully defended former resistance turned support at its all-time highs from 2011. It's impossible to overstate the importance of how this massive base in Copper resolves.

Bulls definitely don't want this move to evolve into a failed breakout... The 4.50-4.60 zone is the line in the sand. 

As for Energy Markets... Crude Oil making its highest daily close since October 2018 might be the biggest development of all.

What if these consolidations in Financials and Materials do NOT resolve higher?

What then?

From the desk of Steve Strazza @Sstrazza

Earlier in the week, we held our May Monthly Conference Call, which Premium Members can access and rewatch here.

In this post, we’ll do our best to summarize it by highlighting 5 of the most important charts and/or themes we covered, along with commentary on each.

Let’s get right into it!

Do you see something else here?

Massive tops? Check.

Lower lows? Check.

Lower Highs? Check.

On the this episode of Bearish or Bullish we talk about the Crypto Crash and how when Futures opened up on Sunday, they didn't care. Stocks were actually up a little. That's the market signaling to us that there is no systemic risk right now in Crypto. And we're not even close.

That's probably a good thing, and more bullish for the Crypto space considering how much larger it would need to get to really become intertwined with Stocks and Bonds, which combined are over $150T in market cap. Crypto is only 1.6T, just to put things in perspective.

We also discuss the latest Minor Leaguers Report which scouts the farm system for Small-cap stocks between $1-2B in market cap before they get called up to the Mid-caps ($2B+)

Relative strength in Bonds and European Banks. But is that sustainable? What should we expect?

All this and why Chardonnay is the world's most versatile grape on the latest Episode of Bearish Or Bullish.

Enjoy!

From the desk of Steven Strazza @Sstrazza

Check out our latest Mystery Chart!

What we do here is take a chart that’s captured our attention, and remove the x and y-axes as well as any other labels that could help identify it.

This chart can be of any security, in any asset class, on any timeframe. Sometimes it’s an absolute price chart, other times it’s on a relative basis.

It might be a ratio, a custom index, or maybe the price is inverted. It could be all three!

The point is, when we aren’t able to recognize what’s in front of us, we put aside any biases we may have and scrutinize the price behavior objectively.

While you can try to guess the chart, the point is to make a decision…

So let us know what it is… Buy, Sell, or Do Nothing?

From the desk of Steve Strazza @Sstrazza

Welcome to the 2 to 100 Club.

Something we’ve been working on internally this year is using various bottoms-up tools and scans to complement our top-down approach. One way we’re doing this is by identifying 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.