Whether markets are full of chop or trending higher, bonds offer a versatile haven for our portfolios.
Take a look at inflation-protected securities, commonly known as TIPS.
In inflationary environments, these outperform the government bond market.
We think it’s happening now and our intermarket analysis is telling us to buy TIPS.
If you take a look at the chart of the TIP ETF against the 10-year bond ETF, you’ll see consolidation above long-term support. One thing we know about these kinds of consolidations is that they tend to follow through in the direction of the primary trend.
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.
In this scan, we look to identify 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.
Below is the 5th ASC Mastermind Lab Course. These are special videos that will be made available throughout the duration of the 12-week course featuring conversations with professionals from across Wall Street discussing topics in their expertise.
In our last Mastermind Lab, I spoke with Steve Strazza about momentum thrusts. This time, I wanted to talk with a portfolio manager who uses momentum as part of his strategy. Enter Dan Russo, Portfolio Manager at Potomac Fund.
Dan broke down for us a simple way of implementing momentum into your portfolio management, how he protects against drawdowns while using momentum, and what he sees as the biggest challenges of using momentum.
Bitcoin Dominance just hit new multi-year highs this week.
In other words, the market-cap of bitcoin as a percentage of total crypto market-cap is the highest it's been in years.
What this means is that the value of Bitcoin today (~ $1.2 Trillion) represents 58% of the value of all the Cryptocurrencies in the world (~ $2.1 Trillion).
And the trend here of Bitcoin continuing to eat into market share continues to move up and to the right:
A couple of weeks ago, we talked about Silver futures attempting to emerge from a multi-year accumulation pattern and potentially retesting the former all-time high.
Last week, Silver made a new multi-decade high in absolute terms and broke a multi-year downtrend line relative to Gold.
And if the 47th element is about to blast off, we should look closer at the Junior Silver Miners.
But first, check out this chart of the Silver/Gold ratio:
Below is the 4th ASC Mastermind Lab Course. These are special videos that will be made available throughout the duration of the 12-week course featuring conversations with professionals from across Wall Street discussing topics in their expertise.
The theme of ASC Mastermind Week 2 is momentum trading, and why it works. So naturally it made sense for me to talk to All Star Charts Director of Research Steve Strazza. Steve uses momentum as much in his day-to-day as I do.
The main concept Steve wanted to hammer home is momentum thrusts, what they are, when they happen, the different types with examples, and how to analyze them.