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.

It took most investors over a year to realize stocks had been in a bull market that whole time.

And now that, "breadth is finally improving" and, "the recession isn't coming", you get the classic rug pull and rotation into defensive sectors.

We held our August Monthly Strategy Session Wednesday night. Premium Members can access and rewatch it here.

Non-members can get a quick recap of the call simply by reading this post each month.

By focusing on long-term, monthly charts, the idea is to take a step back and put things into the context of their structural trends. This is easily one of our most valuable exercises as it forces us to put aside the day-to-day noise and simply examine markets from a “big-picture” point of view.

With that as our backdrop, let’s dive right in and discuss three of the most important charts and/or themes from this month’s call.

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:

...

From the Desk of Ian Culley @IanCulley

It’s commodities over bonds.

In fact, we’re now in an everything-over-bonds environment as rates continue to rise. 

Looking for an uptrend?

Just place US Treasury bonds or the Japanese yen in the denominator, and voila!  

I consider the commodity-versus-bonds ratio one of if not the most important high-level intermarket ratio in our deck.

Why? Because it reveals the inflationary backdrop that colors the entire market,  determining secular leadership between asset classes and US stocks. 

And it’s hinting at the next trend in relative strength…

Check out the commodity-versus-bond ratio, as measured by the relationship between the CRB Index and 30-year Treasury bond futures:

Notice the ratio peaked in 2008 during the Global Financial Crisis and turned lower until the pandemic selloff of 2020. 

Disinflation...

This is just a friendly reminder that the most bullish period of the entire 4-year cycle has just come to an end.

How'd you do?

Stocks broke records in terms of performance and have been in the midst of a raging bull market, driven by sector rotation and breadth expansion.

All of this is perfectly normal.

Stocks did very well at exactly the time that they were supposed to.

Not sure why so many are surprised by it.

Now that even the biggest permabears threw in the towel and started turning more optimistic, we are now entering the most bearish time for stocks:

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

We love our bottoms-up scans here at All Star Charts. We tend to get really creative when making new universes as we want to be sure they will deliver us the best opportunities the market has to offer.

However, when it comes to our latest project, it couldn't be any simpler!

With the goal of finding more bullish setups, we have decided to expand one of our favorite scans and broaden our regular coverage of the largest US stocks.

Welcome to The Junior Hall of Famers.

This scan is composed of the next 150 largest stocks by market cap, those that come after the top 150 and are thus covered by the Hall of Famers universe. Many of these names will someday graduate and join our original Hall Of Famers list. The idea here is to catch these big trends as early on as possible.

There is no need to overcomplicate things. Market cap is a quality filter at the end of the day. It only grows if price is rising. That's good enough for us.

The bottom line...

From the Desk of Ian Culley @IanCulley

Rates are on the move again.

The US 30-year Treasury yield $TYX cleared numerous hurdles this week. 

It broke above a shelf of former highs, climbing to its highest level year-to-date. And, perhaps more importantly, it reclaimed its former 2014 high.

Add a potential failed breakdown in the US dollar index $DXY, and it’s starting to feel a lot like 2022.

But should we expect another bloodbath?

…Not necessarily.

Here’s a quick look at the US 30-year yield resolving higher from an 8-month consolidation:

The chart tells the story: Interest rates are kicking off the next leg higher as the underlying uptrend remains intact.

It’s no longer a matter of whether rates will fall later this year. It’s now more a...

This is the video recording of our August 2nd Monthly Charts Live Strategy Session

From the Desk of Steve Strazza @Sstrazza

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...

From the Desk of Ian Culley @IanCulley

Time seems to move faster during bull markets.

I have my theories, and they all revolve around having fun.

One thing is certain: The month of July is now behind us. 

I can’t believe we’re more than halfway through the year and a month into Q3!

Since it’s August 1, let’s keep the good time rolling by reviewing the most important monthly chart in the deck…

It's the US Dollar Index $DXY.

The US dollar acted as a Chief Headwind for Global Risk Assets last year, with a little help from the Fed.

All eyes are fixated on King Dollar as it straddles an area of former-resistance-turned-support:

DXY broke down to fresh 52-week lows last month, only to almost immediately turn higher. The long lower shadow on the monthly candle highlights the reversal, indicating an...

From the desk of Steve Strazza @Sstrazza

Welcome to our latest Minor Leaguers report.

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, 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...