From the Desk of Ian Culley @IanCulley

Gold did its part earlier in the spring, paving the way for the rest of the metals space.

Now, silver is posting fresh decade highs, uranium names are triggering buy signals, and Dr. Copper is slicing through overhead supply. 

Plus, increasing copper demand has caught the smart money offside.

Check out copper futures with the Commitment of Traders profile in the lower pane:

Fading commercial (smart money) positioning tends to produce pain. 

But even the strongest hands can find themselves on the wrong side of a trade. It happened to commercial hedgers back in 2020, and it’s happening again today.

Copper experienced an explosive rally, adding a dollar-fifty as surging demand forced strong hands to unwind their shorts in 2020 and 2021.

If Gold is heading to 5K, Copper is making its way to eight bucks – but first, it must exceed our rough initial target of 5.95.  

Here’s a closer look at copper’s multi-year base breakout:

Dr. Copper is blowing through those former highs from 2021 and 2022 in a similar fashion to the 2020 rip-roaring rally....

From the Desk of Ian Culley @IanCulley

Rates are rolling over… 

And bonds are catching a bid.

After four months of steady selling pressure, US Treasuries are finally carving out a tradeable low.

Let’s take a look!

Regardless of duration, the following bond charts present an identical tactical approach.

Two key themes dominate these trade setups: entry points designated by price reclaiming the February 2024 lows and initial targets set at the December 2023 highs.

Of course, there’s always an exception…

Check out the US 30-year T-bond futures:

Like the following charts, we can measure our risk at a key pivot low from late February.

I like buying T-bond futures against 117’27. But instead of targeting the December 27th high of 125’30, I prefer to aim at a critical shelf of former lows at approximately 122’30.

If and when price manages...

From the Desk of Steve Strazza @Sstrazza

When investing in the stock market, we always want to approach it as "a market of stocks."

Regardless of the environment, there are always stocks showing leadership and trending higher.

We may have to look harder to identify them depending on current market conditions. But there are always stocks that are going up.

The same can be said for weak stocks. Regardless of the environment, there are always stocks that are going down, too. 

We already have multiple scans focusing on stocks making all-time highs, such as Hall of Famers, Minor Leaguers, and the 2 to 100 Club.

We filter these universes for stocks that are exhibiting the best momentum and relative strength characteristics. 

Clearly, we spend a lot of time identifying and writing about leading stocks every week, via multiple reports.

Now, we're also highlighting lagging stocks on a recurring basis.

Welcome to the Short Report.

We...

This is the video recording of the May 2024 Mid-month Conference Call.

From the Desk of Ian Culley @IanCulley

May showers and meme stocks are rolling through.

Roaring Kitty is back, leaning into his detractors with his trademark flair. 

AMC and GameStop $GME are ripping. Gold mining stocks are picking up the pace. And the US dollar…

Surprisingly, it’s still holding above former support.

The 105 - 104.75 area marks the spot for the US Dollar Index $DXY: 

A decisive close below that key polarity zone places the dollar back in the box, giving stock market bulls free rein.

Yet investors don’t seem to care about the greenback. 

Despite DXY’s sticky former highs, risk assets continue to crank.

Check out Dr. Copper and the aussie-yen posting fresh...

From the Desk of Steve Strazza @Sstrazza.

Welcome back to Under the Hood, where we'll cover all the action for the two weeks ended May 10, 2024. This report is published bi-weekly, in rotation with The Minor Leaguers.

What we do here is analyze the most popular stocks during the week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.

We use a variety of sources to generate the list of most popular names.

There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: a list of stocks that are seeing an unusual increase in investor interest.

Click here for a behind-the-scenes look at our process.

Whether we’re measuring increasing interest based on large institutional purchases, unusual...

From the Desk of Ian Culley @IanCulley

Mining stocks are sticking their breakouts as our list of trending tickers grows. 

The Junior Gold Miners ETF $GDXJ is breaking out, platinum futures are completing a year-long base, and the silver-to-gold ratio is posting new highs.

With risk-seeking behavior creeping back into precious metals, it’s time to turn up the heat…

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 Wednesday May 15th @ 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 Wednesday evening:

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

Crude oil is searching for a foothold. Copper is climbing. And gold is clinging to its record high.

Like most of the market, raw materials are weathering the storm with varying degrees of success.

Nevertheless, today’s commodity deck includes plenty of uplifting charts – plus a trade you’ll want to take home over the weekend…

Check out the Water Resources ETF $PHO posting a new all-time high:

JC discussed PHO at the start of 2022 during a Live Strategy Session.

We’ve all navigated twists and turns, picking up our fair share of gray hair. Two years later, PHO is finally moving higher.

These updated levels place the Water Resources ETF roughly 4% above our buy signal. I like raising the entry point...

From the Desk of Steve Strazza @Sstrazza

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 Steve Strazza @Sstrazza

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 is it is a bull market. We want as many vehicles and options...