From the Desks of Ian Culley @IanCulley and Sam Gatlin @Sam_Gatlin
It’s time to buy natty gas.
A bullish momentum swing is on the verge of flashing green. And seasonal tailwinds are due to pick up as price pulls back.
Plus, the dominant four-year cycle is approaching the next expansion phase.
Buckle up!
Check out the monthly natty gas chart with a MAC-D momentum indicator in the lower pane:
The monthly MAC-D is nearing a bullish crossover at extreme oversold conditions. This long-term momentum setup occurs after cyclical lows, marking critical inflection points in 2012, 2016, and 2020.
Also, all three previous natty gas cycles hit bottom in the spring and ripped higher toward the end of summer – the start of the best three months of the year (August- October).
I expect stiff seasonal tailwinds to start whipping buyers into a frenzy by the second week of August:
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 – to some of the new-age large-cap disruptors such as Moderna, Square, and Snap.
It has all the big names and more.
It doesn’t include ADRs or any stock not domiciled in the US. But don’t worry; we developed a separate universe for that. Click here to check it out.
The Hall of Famers is simple.
We take our list of 150 names and then apply our technical filters so the strongest stocks with the most momentum rise to the top.
Let’s dive right in and check out what these big boys are up to.
Here’s this week’s list:
*Click table to enlarge view
We filter out any laggards that are down -5% or more relative to the S&P 500 over the trailing month.
As can be seen in the chart below, $RSG has certainly been winning over the long run. And with this week's earning report sending the down 5%, it feels like a great opportunity to get positioned on the dip.
The big story this week has been the Ethereum ETF.
From the early data I'm seeing, it doesn't look to be as spectacular of a launch compared to the Bitcoin ETFs. But this is understandable and was expected.
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.