These are the registration details for our live mid-month conference call for Premium Members of All Star Charts.
Our next Live Call will be held on Tuesday October 18th at 6PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.
From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts
Our International Hall of Famers list is composed of the 100 largest US-listed international stocks, or ADRs. We’ve also sprinkled in some of the largest ADRs from countries that did not make the market cap cut.
These stocks range from some well-known mega-cap multinationals such as Toyota Motor and Royal Dutch Shell to some large-cap global disruptors such as Sea Ltd and Shopify.
It’s got all the big names and more--but only those that are based outside the US. You can find all the largest US stocks on our original Hall of Famers list.
The beauty of these scans is really in their simplicity.
We take the largest names each week and then apply technical filters in a way that the strongest stocks with the most momentum rise to the top.
Based on the market environment, we can also flip the scan on its head and filter for weakness.
Let’s dive in and take a look at some of the most important stocks from around the world.
On the labor front, job openings turned lower in August and the Atlanta Fed’s Wage Growth Tracker for September seems to have followed suit. On the inflation front, the year change in the median CPI reached another new high (its 7th in a row) in September.
Why It Matters:
Despite a bevy of other explanations, surging inflation has had more to do with imbalances in the labor market than anything else. A drop in job openings (while not a sign of strength) is a more preferable way to restore labor market balance than increased layoffs and unemployment. With wage growth now slowing, the hope is that inflation could soon peak. The challenge is that once the inflation genie is loose it can be hard to get under control - even if the initial causes are mitigated. In that regard, this month’s jump in inflation expectations reported with the University of Michigan Consumer Sentiment Survey is unwelcome news for the Fed...
While this certainly is not the market environment to be taking aggressive long bets in, there are some stocks that are displaying tremendous relative strength that we can play with strictly defined-risk positions to protect ourselves.
Our Young Aristocrats Report shows us stocks that aren’t just paying dividends but are doing so while they’re going up and thus paying us via price appreciation as well.
And this week's report serves up a great opportunity.
There are a lot of trends in markets that are worth paying attention to.
Remember, asset prices trend. They're not random.
We have the data.
So one major trend we want to make sure we're not ignoring is in Energy stocks relative to Technology.
Look at the ratio between them making new multi-year highs, yet the S&P500 weighting in energy is still less than 5% of the entire index. But Technology is still almost 25% of the index.