From the desk of Steve Strazza @Sstrazza

This weekend was the 5th Annual Chart Summit. It was a blast (as always) and all the footage will be archived and available for anyone to rewatch soon!

My presentation this weekend was about all the various "bottoms-up" scans we run here at All Star Charts... including Under The Hood, of course.

Therefore, I wanted to spice things up for viewers and share some additional names outside of the usual bi-weekly report.

So I summarized two bonus setups during the conference (which you can watch in the videos, available soon) and I'll outline them again below.

Let's dive right in.

* Bonus Long Setups From Chart Summit Presentation *

The messy market environment continues.

It's been happening for months.

Underneath the surface, we're seeing rotation among sectors and the overwhelming theme, when you look through as many charts as we do, continues to be: MESSY.

There's little or no evidence yet that this is the beginning of a larger more substantial sell-off. In fact, the data coming in continues to support that these rangebound markets are coming within the context of a longer-term bull market for stocks.

The, "This is Year 2 of a Bull Market" theme appears to still be playing out.

The world of stocks is not the S&P500 or Dow Jones Industrial Average. Look beyond that and what will you find?

From the desk of Willie Delwiche.

Key Takeaway: Broad market strength gets front page treatment. German Bund yields pointing the way higher for US Treasury yields. Economic activity is booming, holding true to the post-recession historical pattern.

The Energy sector’s pullback from its March peak has finally caught up to it in our relative strength rankings. Even though Energy remains the top-performing sector in 2021, it plummeted from third to ninth in this week’s rankings. If it is unable to get back in gear in short order, it’s time in the leadership group could come to a swift conclusion. While Energy fell in the rankings, Materials and Real Estate both climbed higher. Industrials and Financials have been laggards of late, but remain in a leadership position overall. Our industry group heat map shows mid-caps leading, with large-caps improving and small-caps deteriorating.

From the desk of Steve Strazza @sstrazza

At the beginning of each week, we publish performance tables for a variety of different asset classes and categories along with commentary on each.

Looking at the past helps put the future into context. In this post, we review the absolute and relative trends at play and preview some of the things we’re watching to profit in the weeks and months ahead.

The same themes that we've been pounding the table on more or less continue to drive primary trends.

In recent weeks, we've seen some rotation back into Large and Mega-Caps, which has propelled the major indices to new highs, while SMIDs are still resiliently consolidating. While the list of negative data points has grown, it's still not close to anything that warrants concern.

Developed Markets, particularly European equities, are resolving higher across the board -- a move confirmed by strong breadth and bullish internals. In short, we continue to see strong equity market...

I usually enter new trades on Monday. I love starting the week with fresh opportunities.

But one of the best things about trading is there are no called strikes. Meaning, we don't have to swing. And we won't get called out for putting our bat on our shoulder and waiting for our favorite pitch to take a swing at.

This is on my mind today as I scan the list of trade ideas published by the All Star Charts team.

We've spoken about how Chemicals have been performing well for over two weeks. In a post we published in March-end, we highlighted some actionable ideas that were looking good from a risk-reward perspective.

Turns out, this segment has been continuing to display strength and we're seeing some more stocks joining the bullish reaction in this space.

You can access our earlier post here and check out all the ideas we've been tracking.

Let's take a look at Navin Fluorine. The price has moved past its resistance at 2,700 and is headed towards its next target of 4,010. With the indicator placed in bullish momentum and the sector performing well as a whole, we can expect a good move in this particular stock going forward. A strong name in this sector, Navin fluorine has broken out after a consolidation of almost five months.

We are bullish above the level of 2,700 with a target near 4,010

Click on chart to enlarge view.

From the desk of Steve Strazza @Sstrazza.

Welcome back to our “latest Under The Hood” column for the week ended April 16, 2021. As a reminder, this column will be published bi-weekly moving forward, and rotated on-and-off with our new Minor Leaguers column.

In this column, we analyze the most popular stocks during the week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.

We use a variety of sources to generate the list of most popular names. There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: A list of stocks that are seeing an unusual increase in investor interest.

Whether we’re measuring increasing interest based on large institutional purchases, unusual options activity, or simply our proprietary lists of trending tickers… there is a lot of overlap.

The bottom line is there are a million ways to skin this cat. Relying on our entire...

It was a 10 hour chart marathon of 24 presentations being live streamed to thousands of people all over the globe.

And it actually worked!

To be clear, I had nothing to do with the Technology behind all that. This was all our incredible team along with the partnership with Stocktwits.

So hats off to everyone who helped get this done!

My job was easy. All I had to do was talk about charts with a bunch of old buddies. I can do that!. It was everything else involved that makes it more complicated. But they got it done.

So awesome.

This week we're looking at a long setup in the Consumer Goods sector. We covered this specific trade idea in January and post the achievement of the target, it seems like a good time to update the levels.

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.

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

Following an onslaught of bullish initiation readings for US stocks last year, global equity markets began to register similar breadth thrusts earlier this year.

In this post, we'll take a look at those thrusts in addition to the current state of international stock market internals.

We'll even take a quick look at some of the differences we're seeing take place beneath the surface in various global markets.

Let's dive into it.

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

Are Commodities poised for their next leg higher?

After weeks of sideways chop, we're beginning to see signs of strength that suggest an upside move is brewing.

Here’s some notable action: 

• Copper is resolving higher from a tight continuation pattern within the context of a primary uptrend
• Steel is again breaking higher from a quick coil pattern after making a parabolic move to record highs off last year’s lows
• Aluminum is next in line as it works its way higher within a massive consolidation
• Lumber continues to post new all-time highs day in and day out
• Other markets like Sugar and Wheat have found support at logical levels and look ready to resume higher

I think you get the idea...

In...