Put September and Q3 in the books. It was one to remember.

But we're turning the pages to October today and the rally in the markets is helping to reveal where the new strength may emerge for the next bull run, as well as some significant levels of support for beaten-down stocks and sectors.

Today's trade is fading the recent volatility against a key nearly year-long level of support in a sector that got badly beaten last month.

We've adjusted a position in the Paid-to-Play portfolio today:

It's been impossible to ignore.

I'm sure you've noticed it.

Equity markets have been selling off hard, while Bitcoin and crypto have been flat.

The primary driver of Bitcoin and crypto price action, more generally, has been the tight trading correlation to legacy markets. In fact, the two have been trading tick-for-tick over the last year now.

So Bitcoin's volatility in the face of the recent risk-off action in equity markets has our attention.

But is this a new trend? Is Bitcoin finally going to decouple here, or is this just a temporary bout spurred on by unique conditions?

Asset prices haven't been going up.

Not sure if you heard....

The gloom and doom on twitter over the weekend was pretty epic wasn't it?

And it's probably well-deserved.

The S&P500 just went out at new 22-month lows.

Gold investors were convinced by con artists that it was an inflation hedge, when it turned out to be the exact opposite all along - closing the month at new 2-year lows.

And of course, the greatest Ponzi ever - US Treasury Bond Market going out at the lowest levels since 2013:

From the Desk of Kimmy Sokoloff

What a reversal on Friday in the indices!

There's not much more to say other than that September was an ugly month.

The largest insider transaction on today's list is a Form 4 filing by Ares Management LLC.

The hedge fund reported an additional purchase worth roughly $1.1 million in Clear Channel Outdoor Holdings $CCO, increasing its total stake to 9.34%.

This is the weekly post that aggregates all the charts we put together throughout the week and organizes them all into one, easy to flip through deck.

This is the weekly post that aggregates all the charts we put together throughout the week and organizes them all into one, easy to flip through deck.

From the Desk of Ian Culley @IanCulley

After months of selling pressure, the most widely followed commodity contracts are testing critical potential support levels.

More importantly, these support levels are the prior-cycle highs marked by the 2018 peaks. If there was ever a place where the bulls needed to step in and repair the damage this is it!

But, if these levels fail, we’ll have to rethink the structural uptrend in commodities.

Let’s run through the charts.

First, we have our commodity index that equal-weights the top 33 contracts in our universe:

Earlier this week, the index completed an 18-month top and broke to its lowest level since April 2021. This highlights the broad selling pressure across the commodity space and the need for a...

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.

Here’s this week’s list:

...

From the Desk of Kimmy Sokoloff

What a way to send off September and the third quarter.

But it was to be expected.

From the desk of Willie Delwiche.

Stocks & Bonds Make It Three In A Row

The Chart: 

In the past we've had bonds down for 3 consecutive quarters and we've had stocks down for 3 (or more) consecutive quarters. Since at least 1976, we have never before had stocks & bonds both down in 3 consecutive quarters.

Why It Matters: 

The lack of safe harbors in 2022 has taken a financial and emotional toll on investors. After the storm passes, some may want to re-evaluate their investment opportunity set and perceived risk tolerance.