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Imagine waking up every day trying to make up reasons for why it's bearish when the Equally-weighted S&P500 is making new all-time highs?

There are people out there who are purposely going out of their way to blatantly lie to people about...

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From the desk of Steve Strazza @Sstrazza

Our Hall of Famers list is composed of the 150 largest US-based stocks.

These stocks range from the mega-cap growth behemoths like Apple and Microsoft – with market caps in excess of $2T...

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Hall Of Famers
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You guys know that I like to categorize certain things as being the "most important."

The Dow Jones Industrial Average is the world's most important index. The financial crisis highs are some of the most important levels in market history. ...

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It has paid to pick our spots wisely in the commodities complex as it's been a very bifurcated asset class this cycle.

Live and Feeder Cattle are carving out distribution patterns.

Energy has been a rangebound mess.

Meanwhile, the...

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All Star Charts Gold Rush
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Commodities Weekly
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In today’s Daily Digest, we’ll review the following:

  1. No new positions today.
  2. Rolled XLB position to October.
  3. No exits since the last report...
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From the Desk of Steve Strazza @Sstrazza

The best short squeezes always start with a burst of momentum.

These moves are often sparked by a headline or news-related catalyst.

The price action in Peloton $PTON yesterday was an...

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Freshly Squeezed
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The Equally-weighted S&P500 is on pace to close the week at a new all-time high.

Based on the early trading in U.S. Markets, and the strength we're seeing in equities around the world, this looks like it's going to happen by the end of...

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This is the perfect sort of market to look for relative strength.

When the tape is sideways and choppy, you want to see the first ones showing their heads above resistance levels and breaking higher. While it's not necessarily a great idea to...

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Weekly Recap
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Here's this week's crypto roundup. It's an opportunity for us to take a step back, set aside the distractions, and delve into the key charts shaping the crypto complex.

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From the desk of Steve Strazza @sstrazza

For the first time in my career, I'm buying bonds.

It has less to do with positioning defensively and more to do with making a call on lower interest rates.

But what it really...

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From the Desk of Steve Strazza @Sstrazza

We love our bottoms-up scans here at All Star Charts. We tend to get really creative when making new universes as we want to be sure they will deliver us the best opportunities the market has to...

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Junior Hall Of Famers
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I briefly walked through how I want to be patient trading names in the short-term while focusing on relative strength.

While today's name isn't currently actionable, it is just a stone's throw from being so. And, it's both a relative leader as...

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Crypto Strategy
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In today’s Daily Digest, we’ll review the following:

  1. No new positions today.
  2. Adjustment to XLK position.
  3. Exited XME position....
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If you're like me and you have a bullish long-term bias towards Bitcoin and other Crypto assets, then you're constantly looking for opportunities to get exposure.

But with equities in the middle of a bull market, we also don't want to be in...

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From the Desk of Steve Strazza @Sstrazza

When investing in the stock market, we always want to approach it as "a market of stocks."

Regardless of the environment, there are always stocks showing leadership and trending higher...

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The question we're asking ourselves today is a big one.

Is the US Dollar breaking down from a multi-year consolidation?

With the dollar rangebound all year, we haven’t experienced a trending currency market. 

When the dollar is...

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Currency Report
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This morning, the team was discussing a notable Board of Directors insider making a sizeable $5 million purchase of stock.

While an insider's buy isn't necessarily grounds for me to get interested in getting involved, it did catch our...

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In today’s Daily Digest, we’ll review the following:

  1. No new positions today.
  2. Adjustment to XLP position.
  3. No exits since the last report....
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We're just one week away from the earnings report for one of the most important companies in the world.

We will be LIVE Streaming the earnings call and trading any opportunities that may come from the volatility after the earnings release....

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ASC Chart of the Day

There's nothing to provide updates on, nor any new trade opportunities I have seen.

I am reiterating the message earlier in the week.

I think this is a good place to add long-term exposure, but do not believe it to be good for short-term...

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Crypto Strategy
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In today’s Daily Digest, we’ll review the following:

  1. No new positions today.
  2. Rolled SMH position to October.
  3. Closed XHB position...
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I find myself saying this a lot these days....

But again, Mathematically, you cannot have a bear market, or a correction of any kind, without the prices of stocks falling.

And so if we know that, then shouldn't we monitor how many...

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breadth

From the Desk of Steve Strazza @Sstrazza.

Welcome back to Under the Hood, where we'll cover all the action for the two weeks ended August 16, 2024. This report is published...

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