Crude oil and gasoline futures are completing major reversal patterns.
Heating oil is ripping higher.
Natty gas has traders on the edge of their seats (what’s new?) as it heads into a seasonally favorable stretch.
But what about the rest of the commodity space?
Check out the overlay chart of our equal-weight energy index and our equal-weight broad commodity index:
Both averages have followed the same path since the 2020 lows despite a mere 15% weighting toward energy in our broad commodity index.
But energy is pulling away. Oil and gas names are taking on a leadership role among US equities as their underlying commodities confirm by digging in and resolving higher.
From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts
Our Hall of Famers list is composed of the 150 largest US-based stocks.
These stocks range from the mega-cap growth behemoths like Apple and Microsoft – with market caps in excess of $2T – to some of the new-age large-cap disruptors such as Moderna, Square, and Snap.
It has all the big names and more.
It doesn’t include ADRs or any stock not domiciled in the US. But don’t worry; we developed a separate universe for that. Click here to check it out.
The Hall of Famers is simple.
We take our list of 150 names and then apply our technical filters so the strongest stocks with the most momentum rise to the top.
Let’s dive right in and check out what these big boys are up to.
The largest insider transaction on today’s list comes in a Form 4 filed by Steven J. McLaughlin, founder and CEO of FT Partners, a fintech-focused investment banking firm.
McLaughlin revealed an additional purchase of $2.7 million in Expensify Inc $EXFY.
From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts
Welcome to TheJunior International Hall of Famers.
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-listed international stocks, or ADRs.
This scan is composed of the next 100 largest stocks by market cap, those that come after the top 100 and are thus covered by the International Hall of Famers universe.
Many of these names will someday graduate and join our original International Hall Of Famers list. The idea here is to catch these big trends as early on as possible.
Let’s dive right in and check out what these future big boys are up to.
This is our Junior International Hall of Famers list:
Are investors really buying bonds, betting on a squeeze higher?
Perhaps it’s just my Twitter feed. (Or are we calling it "X" now?)
I’m perplexed by the growing chatter around picking the bottom in bonds.
Warning: Picking bottoms is never a good look.
It’s unbecoming, especially when there are zero signs of a reversal. (The same applies to tops.)
I understand the Nasdaq 100 had its best first half – like, ever.
But what does that have to do with yield charts?
Rates continue to rise worldwide.
Here’s a look at Germany, France, Portugal, and US benchmark rates:
All are steadily grinding higher following explosive advances last year. Yet none have decisively resolved to the upside from their respective multi-month ranges.
