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...

From the desk of Steve Strazza @sstrazza

It's been a long time coming...

Public investors finally have opportunities to gain exposure to the exciting new Space Exploration industry.

We've seen a handful of new pure-play Space IPOs and SPACs hit the market this year. Most recently one of our favorite fund managers, ARK Invest joined the party and launched their own thematic Space ETF, $ARKX.

There's obviously a ton of hype surrounding this emerging theme right now. But is this industry, in its current form, worth investors' time?

From the desk of Willie Delwiche.

There was plenty of positive economic data this week, but the bounce in residential construction activity really caught my eye. This tends to be a leading indicator for the economy overall. Housing starts were particularly strong in March, surging to their highest level since 2006. This probably isn’t too much of a surprise for those who have been watching Lumber build on last year’s gains and move to new all-time highs this week. Not that I was trying to do channel checks during my break last week, but I did notice plenty of trucks on the road headed North and loaded with lumber and logs as I drove through Kentucky, Tennessee, and Alabama (though they are not yet to the point of traveling in convoys surrounded by a security detail).

I have fond memories of my very first cellular phone in 1995. I was still in college and had a "job" selling advertising for the local arts & entertainment newspaper in town. One of the perks of the job was having a cellphone so I could be reached at any time.

In 1995, having a flip phone (that barely fit in my pocket), was pretty cool. Or at least I thought I was...

I'm headed down this nostalgic lane thanks to today's trade idea.

From the desk of Steve Strazza @Sstrazza

Welcome to the 2 to 100 Club.

Something we’ve been working on internally this year is using various bottoms-up tools and scans to complement our top-down approach. One way we’re doing this is by identifying stocks as they climb the market-cap ladder from small, to mid, to large, and ultimately to mega-cap status (over $200B).

Once they graduate from small-cap to mid-cap status (over $2B) they come on our radar. Likewise, when they surpass the roughly $30B mark, they roll off our list.

But the scan doesn’t just end there. We only want to look at the strongest growth industries in the market as that is typically where these potential 50-baggers come from.

Some of the best performers in recent decades – stocks like Priceline, Amazon, Netflix, and Salesforce, to a myriad of others… all would have been on this list at some point during their journey to becoming the market behemoths they are today.

When you look at the stocks in our table you will notice...