Over the past few days I've received a number of requests from members asking me to post a the updated charts on my favorite U.S .Stock Market short right now. In last week's letter I mentioned how Utilities were not a place we wanted to be long and there were a few ways to take advantage of the individual components of the sector.

Today I want to dive into those individual charts:

I just finished my Commodities and Currencies review for the week and wanted to share some of my notes. Here you go:

U.S. Treasury Bonds have treated us very well this year. Coming into January we wanted to buy a breakout above $122-123 in the U.S. Treasury Bond ETF $TLT with a target above $133. This upside target was achieved last month as interest rates simultaneously hit our downside target, 1.65% in the 10-year yield. Since then, we've wanted to back off and let new data dictate our next move. Over the past month, we've seen rates bounce back up towards 2.0% and the $TLT has fallen back down towards $128.

The question now becomes: Do we get back in on the long side? Or is there more consolidation or price correction needed first?

This is a forgotten space. Since early 2014, the last time Ags had any sort of meaningful rally, we've just seen a deterioration of prices. Whether you're looking at Corn, or Coffee, or Soybeans, the Ags have gotten destroyed. We've see massive rallies this year out of some of the other commodities like in Energy and Metals. Now I think it's time for the Ags to participate in this Commodities Rally.

Cotton has been in a horrific bear market for 5 years. When you talk about some of the worst places to be on planet earth over the past half-decade, Cotton has to be near the top of the list. After peaking near 220 in early 2011, the price of Cotton has collapsed recently hitting a low under 55. 

We've had quite a rally over the past month in the U.S. Stock Market. This is exactly the type of behavior that we should come to expect after a failed breakdown and bullish momentum divergence, like we saw occur in early February. Let's remember that the U.S. and other developed markets, like Europe for example, are the laggards here. We turned bullish Global Equities in late January, particularly Emerging Markets, and it wasn't until a retest of the January lows, that we started to see the shift in the U.S. and other developed economies early last month.

We only wanted to be long the S&P500 if we were above the August and September lows. The bullish momentum divergence on last month's sell-off helped spark this mean reversion rally.

Intermarket Day is one of my favorite days. Yes I'm a huge nerd. Deal with it!

This is when I go through many markets relative to each other. These markets include individual U.S. Sectors compared with the overall U.S. Stock market. We also look at other assets against each other like Bonds, Commodities and Currencies. We price Gold in other currencies, and change around denominators for both trade idea generation and also for informational purposes.

Here are some of the things that stood out from this week's homework:

Sometimes I share with you guys what I think is a really interesting chart and/or trade and call it the "Chart of the Week". Other times I'll put together a study to try and confirm or invalidate a prior thesis of mine and I'll title that the "Spreadsheet of the Week". Today, however, I think I have what could very possibly be the Chart Of The Year!

Every month we host a conference call for All Star Charts Members where we discuss ongoing themes throughout the global marketplace as well as changes in trends where new positions would be most appropriate. This includes U.S. Stocks & Sectors, International Stock Indexes, Commodities, Currencies and Interest Rate Markets.

This month’s Conference Call will be held on Wednesday March 9, 2016 at 7PM ET

In this month's premium members conference call, we will discuss the following topics:

- How much more upside is left in this global stock market rally?

- Should we expect the U.S. to continue to underperform vs. Emerging Markets?

- How Much Higher Can Crude Oil Go From Here?

- The longer-term dynamics in Gold Miners have changed. How do we profit?

- Apple has bottomed - How high can it go?

- Why We Are Finally Getting That sector rotation into Biotechnology?

As always, we'll leave as much time for Q&A as possible. Looking forward to seeing you on the call!

Here are the Registration Details: