While the stock market continues to digest its recent run and weave through this sideways consolidation, we're starting to get some pretty clear hints on which stocks will likely be leaders if/when the bull market resumes.

Today's trade is an early bullish bet on one of those names.

From the Desk of Ian Culley @IanCulley

Precious metals represent an opportunity cost.

The entire complex – gold, silver, platinum, and palladium – has gone nowhere for the past few years.

Yet I can’t overlook the resilience of gold and silver as interest rates and the US dollar rise – two significant headwinds for these shiny rocks. 

Perhaps they deserve the benefit of the doubt.  

I believe they do.

But extending these lackluster metals with a favorable outlook does not equate to taking a long position.

It’s far from it.

Price must prove buying precious metals offers a rewarding proposition.

The following two intermarket ratios will undoubtedly rise if and when it does.

I covered these ratio charts in late July as they neared key inflection points or critical former support levels.

Fast-forward to today, and both are bouncing higher after posting fresh lows.

Check out the Gold Miners ETF $GDX versus the S&P 500 ETF $SPY:

We've adjusted a position in the Paid-to-Play portfolio today:

From the Desk of Steve Strazza and Alfonso Depablos

The most significant insider purchase on today's list comes from Wayne P. Rothbaum, director of Iovance Biotherapeutics $IOVA.

Rothbaum declared a $26.5 million IOVA purchase in a Form 4 filing.

From the Desk of Kimmy Sokoloff

Let's see what this week brings, as we have the FOMC on Wednesday.

Next support down on $SPY is 440.

The stock market correction continues....

What else would you expect during this seasonally weak period for stocks?

Historically, stocks do very well after mid-term elections. And that's exactly what happened.

Then in Q3 the struggle tends begin for a few months.

And that's precisely what we've seen this year. A perfectly normal market:

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

Stock market bears and tech bros are whining in the corner as energy outperforms.

Haters can hate all they want…

Energy marks the spot when it comes to stocks.

Spencer and I discussed it on Wednesday’s “What the FICC?” episode, highlighting the absolute and relative uptrends across the space.

Energy is clearly resuming a leadership role in stock and commodity markets. But crude oil isn’t the only commodity exhibiting strength.

Cattle are ripping higher, too!

Check out the daily chart of live cattle futures:

Live cattle are breaking out of a multi-month consolidation, printing new all-time highs.

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

Markets fluctuate to a relentless beat driven by fear, greed, and an incessant newsfeed.

Sometimes, they trend. 

But, more often than not, they churn sideways.

Unsurprisingly, “sideways” best describes most markets today.

The S&P 500, the Nasdaq 100, and the Dow Jones Industrial Average have gone nowhere in three months. 

Regardless, one uptrend remains intact…

The coordinated rise in the US dollar and interest rates.

Check out the overlay chart of the 10-year US Treasury yield $TNX and the US Dollar Index $DXY with a 21-day rolling correlation in the lower pane:

US yields and the dollar have been in near-perfect harmony since the Fed began raising interest rates last year.

Sure, they briefly fell out of step. But the two found their groove in early July.

From the Desk of Kimmy Sokoloff

Happy New Year to those who celebrate Rosh Hashanah!

The market took a nosedive today.

And there's potential for continued weakness next week.

The markets are telling us it still wants sideways for longer.

We know this script, and we know it's been working. So we're going to keep chopping this wood until the markets tell us to get more directionally aggressive.