This week we're looking for a long setup in the Pharmaceutical sector. Historical highs are being clocked on both index and stock levels, and one name pops right up.

We retired our "Five Bull Market Barometers" in mid-July to make room for a new weekly post that's focused on the three most important charts for the week ahead.

This is that post, so let's jump into this week's edition.

It's Saturday Morning Chartoons time. You can read more about the reasoning behind this post here. 

We're just interested in aggregating all of the charts we put together throughout the week and organizing them all into one, easy to flip through deck.

One thing that stood out to me this week is the lack of deterioration underneath the surface.

We're just not getting an expansion in new lows.

Fewer new highs? Yes definitely. For a while now.

But more new lows? 

Not broadly speaking yet, no.

Early in February, we had published a post discussing the Adani Group and its targets as well as risk management levels. We published a follow-up post with revised targets and risk management levels in April this year.

Well, it's that time again where we update the levels and see what's in store for this group.

Here's to more rotations and revolutions in this particular solar system. Off we go on our rocket ship to see what the charts have to say!

We created a Custom index of Equally weighted Adani Group stocks. As you can see, this particular line chart only requires an extension in the headspace area. Keeps moving higher and higher.

Click on chart to enlarge view.

From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley

Softs are an area of the commodity space that hasn’t received much attention over the past several months, and for good reason.

As the rest of the commodities complex has been on fire, the action from this group has been muted as they’ve underperformed their peers significantly since last year.

Besides Sugar reaching our initial objective last month and Coffee breaking out of a 4-year bottom, Softs have been a real snooze fest.

Cotton continues to chop within a broad range. Cocoa is well below overhead supply. And OJ grinds sideways as it builds a 3-year base.

But it looks like Orange Juice futures are poised to break free to the upside.

Let’s take a closer look at this favorable risk/reward opportunity in OJ and lay out a potential trade setup to get long this base breakout, if and when it comes...

Here’s the weekly chart of Orange Juice futures:

From the desk of Steve Strazza @Sstrazza

Dividend aristocrats are easily some of the most desirable investments on Wall Street. These are the names that have increased dividends for at least 25 years, providing steadily increasing income to long-term-minded shareholders.

As you can imagine, the companies making up this prestigious list are some of the most recognizable brands in the world. Coca-Cola, Walmart, and Johnson & Johnson are just a few of the household names making the cut.

Here at All Star Charts, we like to stay ahead of the curve. That’s why we’re turning our attention to the future aristocrats. In an effort to seek out the next generation of the cream-of-the-crop dividend plays, we’re curating a list of stocks that have raised their payouts every year for 5-9 years.   

We call them the Young Aristocrats, and the idea is that these are “stocks that pay you to make money”. Imagine if years of consistent dividend growth and high momentum & relative strength had a baby, leaving you with the best of the emerging dividend giants that are outperforming the averages.

It's summertime and where I live in Colorado, everyone is planning camping and RV trips up in the mountains. There's something about fresh mountain air, cool crisp evenings, and enjoying a beverage next to a roaring campfire.

You would think that this would be bullish for companies that are in the business of supplying the gear for entrepid campers and roadtrippers.

Well, we only follow price and the chart action in one camping name is potentially telling a different story.

From the desk of Willie Delwiche.

After several failed attempts, the S&P 500 managed to make a new closing high on Thursday. The percentage of stocks making new 21-day highs (lower pane) did not expand as the index moved into record territory, but the percentage of stocks making new 21-day lows (upper pane) did. In fact, we’ve never before seen this many stocks making new short-term lows with the index making new all-time highs. This is not the sort of beneath the surface action you tend to see when a market is gaining strength for a sustained rally. Rather, it speaks to a continuation of what we have seen of late -  a choppy environment where less is more and cash on the sidelines is good for both mental and financial health.

We're back to share with you, what we love to do and that is the Top/Down approach. At All Star Charts we're big fans of the weight of the evidence. The market tells us where it's going, and we listen. It's pretty simple really.

For some time now, the Pharma sector has been displaying strength. Resistances have been breached, momentum indicators have been strong, and rallies have been swift.

So what do the charts say this time around? Let's take a look!

This is the video recording of our June 11, 2021 All Star Charts Crypto Weekly Strategy Session.

Though consolidation periods can be painful, they allow us to evaluate the next leaders and laggards when a directional trend resumes.

We've written a fair amount about potential leaders in the last few weeks, but it may be time to increasingly shift the conversation and focus more on the laggards.

While most areas have bounced this week, the DeFi sector is stubbornly lagging:

Have you seen Homebuilding stocks getting hit?

It's not happening at a random spot either. The upside objectives were hit, as we discussed on last week's call, so this would be a perfectly logical place for this correction to take place.

But the chart of the week has to be Homies relative to REITs. With Real Estate Investment Trusts (REITs) breaking out on both an absolute AND relative basis, it makes this chart that much more dramatic.

This is the true story: