From the Desk of Ian Culley @IanCulley

Metals are working.

Gold is printing new all-time highs. Copper is trading above four bucks. And Palladium…

Well, Palladium has stopped going down.

Considering Palladium’s Commitment of Traders (COT) profile, its tendency to trend with technology stocks, and where it stopped falling…

It’s time to buy!

Check out the long-term Palladium chart stretching back to the late 70s:

Palladium is bouncing off a critical extension level based on the early 1980s decline — a level that acted as resistance for almost two decades.

The...

In today's edition of "This is NOT 2023", here is the U.S. Large-cap Consumer Discretionary Sector breaking down to new 52-week lows relative to the rest of the market.

You can see yesterday's edition here: Energy Stocks Lead US Markets

This isn't 2023. It's a completely different market.

Take a look at this chart below.

New 52-week lows.

From the Desk of Alfonso Depablos @Alfcharts

One of the major themes we’re monitoring closely right now is the Growth vs Value relationship.

While Growth has dominated for the past couple of quarters, the technical setup suggests it may be time for value to take the lead.

The chart below shows the ratio testing a critical area of former resistance from above.

In the latest example of, "This is not 2023", take look at what Energy stocks have been doing.

And I'm not talking about Coal and Uranium.

Specifically, the Oil & Gas Services, Producers & Explorers and the Integrated names are all outperforming.

This did not happen last year.

From the Desk of Steve Strazza @Sstrazza

Welcome to The 2 to 100 Club.

As most of you know, we use 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...

From the Desk of Ian Culley @IanCulley

Gold is outshining the dollar.

The greenback doesn’t know which way to go, as FX markets offer traders little in the way of breakouts.

Instead of reviewing the chopfest, playing devil’s advocate, and weighing the lack of evidence for a near-term directional bias, let’s turn to a trending market for insight into the dollar.

Spoiler alert: It’s shiny, yellow, and trading at new all-time highs.

Yes, I’m referring to Gold.

Gold and the US dollar hold a classic intermarket relationship — an overt negative correlation. 

As I reviewed the charts this weekend, another pattern emerged between the two. 

I decided to offset Gold ahead of the dollar by roughly two to four years. After adjusting the charts, I landed on setting Gold forward by 130 weeks (approximately two-and-a-half years).

And voila:

...

The Small-cap stock indexes haven't been able to make any progress all year.

But not every Small-cap Index is created equal.

Let's take a look at the two most popular:

Russell2000 Small-cap Index & S&P600 Small-cap Index.

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 Monday March 18th @ 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 Friday afternoon:

From the Desk of Ian Culley @IanCulley

Gold is silencing all the haters – even me!

I’ll admit, I had my doubts. 

But I also carried an unnerving suspicion buyers would strike as soon as I dropped my guard…

From the Desk of Steve Strazza @Sstrazza

Welcome to The Minor Leaguers.

We've had some great trades come out of this small-cap-focused column since we launched it back in 2020 and started rotating it with our flagship bottom-up scan, Under the Hood.

For the first year or so, we focused only on Russell 2000 stocks with a market cap between $1 and $2B.

That was fun, but we wanted to branch out a bit and allow some new stocks to find their way onto our list.

We expanded our universe to include some mid-caps.

To make the cut for our Minor Leaguers list now, a company must have a market cap between $1 and $4B.

And it doesn't have to be a Russell component — it can be any US-listed equity. With participation expanding around the globe, we want all those ADRs in our universe.

The same price and liquidity filters are applied. Then, as always, we sort by proximity to new highs in order to...

Steve Strazza and I hosted another Flow Show today on Stock Market TV and discussed opportunities in the Biotech space.

Starting at an index level, we see that biotechs are clearing a base and appear set on breaking out:

From there, we started diving into some individual biotech names to play the breakout, but many of the charts offered unique challenges that made it tricky to pick one to take the most advantage or the sector breakout.

So when that happens, sometimes the best move is simply to buy the index!

And that's what we're going to do here, using the sector ETF $XBI as a vehicle for expressing our bet.

Here's the Play:

Stocks are down again to start the week.

All of this while Bitcoin is making new all-time highs this morning:

BTCUSD: $72,000

Get all our Crypto Trades Here - Bitcoin and Altcoins

Meanwhile, there's a Dow Theory Divergence that continues to cast a huge cloud over the US Stock Market.

We saw the exact same divergence just before the Covid crash.

Notice how the Dow Jones Industrial Average is making new highs, but the Dow Jones Transportation Average is nowhere near new highs.