From the desk of Steve Strazza @Sstrazza and Ian Culley @IanCulley

We recently held April’s Monthly Conference Call, which our Premium Members can access and rewatch here.

In this post, we’ll summarize the call by highlighting 5 of the most important charts/topics we covered, along with commentary on each.

Let’s dive into it.

From the desk of Steve Strazza @Sstrazza and Grant Hawkridge @GrantHawkridge

The credit market is overflowing with information. 

We haven’t discussed it too much lately… but that doesn’t mean we aren’t paying close attention.

It would be foolish to overlook it. After all, they call Bond traders the “smart money” for a reason... Right?

We’ve recently discussed the theme and likely implications of how so many major stock market indexes - in both the US and abroad, are hitting very logical levels of overhead supply right now.

We think it’s no coincidence that all of this is occurring at the same time. And you’ll never guess what else…

We’re also seeing this very same behavior from some of the most important Bond Market ratios we track, as many are currently running into crucial inflection points.

This is the video recording of the April 22nd Town Hall Meeting w/ Willie Delwiche

04/22/21 2PM ET

Over the past month, we've seen agricultural commodities catch a bid as they break out of overhead supply zones and long-term consolidations.

We're tracking some commodities that have been witnessing a sharp move and demand to be noticed. So let's dive right in!

Mustard has been on our radar for some time and a fierce move has come through over the last ten days. The price has absorbed all overhead supply and is zooming away as we speak. The price has been in a sideways trading range for more than seven months and is now on the move. The indicator is in bullish momentum territory, looking good for a move towards 7,900.

We are bullish above the level of 6,200 with a target near 7,900.

Click on chart to enlarge view.

I get asked a lot about why I don't think this is the beginning of a more severe correction.

We've been in the camp that the stock market is a hot mess, particularly in the U.S.

The indexes don't tell the whole story. OK, maybe the Nasdaq does a little...

And we went over all of that on last night's Live Video Conference Call.

But one chart that stands out to me that continues to suggest that this is more of a mess, rather than the beginning of a new crash, similar to last year or even Q4 2018.

It's the list of new lows.

From the desk of Willie Delwiche.

Key Takeaways:

• Adaptive exposure can stay in harmony with market environment  
• Risk tolerances are dynamic, moving with the market
• Indicators & investors operate across multiple timeframes

The word perspective has multiple definitions. The dictionary we have at our house lists eight. For me, the most relevant of those have to do with seeing the interrelationships of relevant facts and ideas as well as  those that deal with distant time frames & horizons.

When it comes to investing, keeping perspective is the difference between success  and failure. A successful approach to portfolio management can be built on a sturdy three-legged stool of perspective focusing on:

Readers of All Star Charts research are no doubt familiar with the team's focus on relative strength. They are often comparing sectors against each other to uncover where hidden strength (or weakness) is hiding out. It's one thing to see how a stock or a sector is performing on absolute -- dollar and cents -- terms. But seeing how investors favor one sector versus another offers important insight into how the marketplace is perceiving risk and opportunity.

This analysis often forms the bedrock of our best discoveries.

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

Last week, we highlighted the USD testing a critical level against the Rand. This is a theme we've been seeing a lot in a variety of USD crosses recently and will discuss more in a post later this week.

We’re finally beginning to see some resolutions from these key levels, and they're revealing some very valuable information regarding the Dollar’s strength and the likely future direction for the $DXY Index itself.

In this post, we'll take a look at some examples of this theme by showcasing two forex pairs from Northern Europe that are currently breaking down at major inflection points against the USD.

But before diving in, let's set the stage a bit...

What are some of the major developments in G-10 pairs that are driving the US Dollar Index right now?

We debuted a new scan recently which goes by the name- All Star Momentum.

All Star Momentum is a brand new scan that pinpoints the very best stocks in the market. This time around, we have incorporated our stock universe of Nifty 500 as the base. Among the 500 stocks that we follow, this scan will pump out names that are most likely to generate great returns.

While we go through our lists of sectors and stocks on a weekly basis, we thought of launching a product that would highlight the names that are the strongest performers in our universe and those that are primed for an explosive move.

Just like The Outperformers scan, this is a list of stocks belonging to the sectors that display relative strength in the market at any given point in time. Since sector rotation is the lifeblood of a bull market, we will be ahead of the curve before the gears keep shifting.

This is the video recording of the April 2021 Conference Call.

From the desk of Willie Delwiche.