This week on Happy Hour with Traders, I brought together some of the best minds when it comes to stock market breadth. You see all the breadth charts on twitter and you always hear debate about whether market breadth is weakening or improving. I think this round table discussion clears up a lot of misconceptions about the subject. I think it also gave each of us new ideas about how to approach the market from a weight-of-the-evidence perspective. I know I definitely got some new ideas that I want to start to do some more work on.

This is why we have these conversions. I'm fortunate to have really smart friends around the world that all view markets in their own unique ways. So I'm going to try my best to show them off so you can learn from them too!

Here's the latest Happy Hour with special guests Andrew Thrasher, Willie Delwiche, Mike Hurley and Steve Strazza. Enjoy!

From the desk of Tom Bruni @BruniCharting

The Fixed Income, Commodity, and Currency markets are near and dear to my heart. Ever since I began learning Technical Analysis, I've always loved analyzing things that are "off the beaten path." This included everything from Interest Rates to Soybeans to the Norwegian Krone. Equities are great and all, but this is the stuff that gets me up in the morning.

In addition to the blog posts we do on the site, I've wanted to explore new ways to share that passion with you all and show why even if you're not investing in these markets directly, they're worth paying attention to.

That brings us to my weekly show, "What The FICC?"

In this weekly video series, I'll be highlighting the most important chart or theme from these three asset classes while doing my best to tie that analysis back to Equities through an intermarket signal or a trade idea.

This week's episode is linked below, enjoy!

I know, I know. I'm showing my age with this reference. But even this one is old for me. But it goes with the theme for today's trade:

We want to be buying stocks in the healthcare tech space. And today's trade is in a stock that looks ready to resume it's march higher.

From the desk of Steve Strazza @Sstrazza

Thanks to everyone who responded to this week's Mystery Chart. Responses were somewhat mixed. It was a daily chart of the iShares Medical Devices ETF $IHI.

What we really wanted to know is whether or not investors are buying these kinds of bullish continuation patterns right now. Many alluded to the underlying trend being higher but still wanted to wait for the flag pattern to resolve before taking action.

This is a prudent approach and we're looking at the chart in a similar light. With that said, we're also viewing setups like this within the context of what is going on in other areas of the market. In other words, as more and more of these patterns resolve to the upside, which they are, the higher the likelihood is that others will follow their course.

In this post, we'll walk through our top-down approach to highlight why we like Medical Devices right now and then drill into some of our favorite setups as a way to express our bullish thesis.

Last night we held our August Monthly Conference Call which our Premium Members can access and rewatch here.

In this post, we'll share five of the most important charts along with JC's commentary of them and a brief explanation for each.

One of the reasons we've remained so bullish on Equities as an asset class is because of the continued expansion in the number of stocks participating to the upside.

In this week's "Chart Of The Week," we want to highlight a simple metric that can be used to identify the breath of the Indian stock market.

From the desk of Steve Strazza @Sstrazza.

Last night we held August's Monthly Conference Call which our Premium Members can access and rewatch here.

In this post, we'll provide a summary of the call by highlighting 5 of the most important charts along with JC's commentary on them and a brief explanation for each.

Let's get right to it.

Traders often joke that there's support at Zero. And then Crude Oil Futures traded negative and we threw everything we thought we knew out the window. Where was that in your model?

Anyway, this is the first thing that comes to mind when I think of the garbage that is, GE.

Next to Wells Fargo, this might be one of the worst companies on earth. It may actually be somehow worse. And by company, I don't care what's going on behind the scenes or who works there. I'm referring specifically to the stock, which is all that matters to us.

We're looking at 2 plots, the price itself going back several decades, and the relative strength (or weakness, in this case), compared to the S&P500. Notice how after the peak in 2000, the next 2 peaks (where US Stocks moved on to new all-time highs), $GE put in lower highs. Also look at the relative strength line breaking to all-time lows:

All Star Charts held its Monthly Conference Call last night, and the overriding theme for U.S. Stocks is: we're likely going higher. And JC shared a bevy of stocks with charts supporting high prices in the near future.

Of course technology is on the radar, and the software sector is offering a wide selection of names to choose from.

This is the video recording of the August 2020 Conference Call.

We've been taking advantage of the rotation that continues under the surface, including the breakout in the Nifty Metal Index and the expansion of participation within the Nifty Energy Index.

Today we're taking a quick look at the Nifty Realty and Nifty Media Indexes, which could be the next beneficiaries of this sector rotation.