The stock we're looking at this week is part of the Chemicals sector. These are stocks that are displaying strength on an absolute and relative basis. And that's exactly what we're looking for!

We retired our "Five Bull Market Barometers" in 2020 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 Ian Culley @IanCulley

The US dollar has been under pressure for the past five days, and investors are dancing in the streets.    

I get it. A weaker dollar sits at the top of every stock market bull’s wish list. When the dollar goes down, stocks tend to go up. But don’t forget – betting against the dollar has only brought pain this year.

So, instead of joining the celebrations, I nailed down a clear-cut strategy for selling dollar weakness. 

Spoiler Alert: Early sell signals are already starting to fire!

From the Desk of Kimmy Sokoloff

The market continued to rally all day. It was nice to see.

Now, hopefully we do get follow through.

From the desk of Willie Delwiche.

The Scales are tipped toward risk and away from opportunity.

A challenging macro backdrop is weighing on the market and unsustained rally attempts have kept Breadth and Trends & Momentum from joining Sentiment as reasons to look for opportunity.

Our Weight of the Evidence Dashboard fills in the details and includes a few high-level charts that we are watching as we head into the 2022 homestretch.

I thought last night's call went well.

Sorry it went a little long and had 200 charts.

I get carried away sometimes ;)

But I tried to hit on the most important points.

ASC Premium Members can watch the replay here and download the slides.

And speaking of important points, isn't this the exact point in time to be buying stocks?

From a seasonal perspective, the time is now:

From a seasonality standpoint, this is where you buy stocks.

Sentiment is near wash out levels. Who was left to sell?

Today on BNN Bloomberg I was asked about why we were buying stocks.

I think it adds some value to talk about the risk management procedures as well. And also which stocks we want to be buying.

Here's the full clip:

Yesterday, we briefly addressed the precarious lack of volatility within crypto markets.

It's piqued our curiosity to see crypto volatility dampen while risk markets have continued to sell off in recent weeks. This comes as equities lost their June lows, where downside volatility looked poised to follow through.

But, this week, risk appetite has shown a completely different face.

The S&P 500 is back above the lows, putting in a failed breakdown.

What's more is that both Ethereum and Bitcoin have risen in conjunction with equities, supporting the case that the conditions for a countertrend rally have been set.

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

We had a resting GTC order filled in the Paid-to-Play portfolio today:

From the Desk of Kimmy Sokoloff

What a big bounce this morning. Unfortunately, I didn't hold the $SPY overnight, which was a bad miss.

I've been looking for this 373 zone since last week, and we might just get there today. The exact level is 373.44.

The most significant insider activity on today’s list was reported in a series of Form 4 filings by Greg Abel, the vice-chairman of Berkshire Hathaway $BRK.

Abel reported purchases worth roughly $68 million in Berkshire’s class A shares.

The transactions help to align the executive more closely with shareholders as he prepares to take the reins of the company at some point in the future.