Have you heard that stocks are going up in anticipation of lower interest rates?

Me too.

That's hilarious isn't it?

What about all those journalists?

Are they feeding you the same garbage?

Yup!

How about the Biden?

This guy is still the President of the United States. And he's telling you that rates are going down.

Have any of these people even bothered to look?

Or are they just lying to you?

Neither is an acceptable answer.

The U.S. 10-year Yield just went out yesterday at the highest weekly close since November.

From the desk of Steve Strazza @Sstrazza

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 Ian Culley @IanCulley

Metals are working.

Gold is printing new all-time highs. Copper is trading above four bucks. And Palladium…

Well, Palladium has stopped going down.

Considering Palladium’s Commitment of Traders (COT) profile, its tendency to trend with technology stocks, and where it stopped falling…

It’s time to buy!

Check out the long-term Palladium chart stretching back to the late 70s:

Palladium is bouncing off a critical extension level based on the early 1980s decline — a level that acted as resistance for almost two decades.

The...

So we're going to fix that.

And here's why:

It’s the perfect environment to buy mining stocks following gold’s breakout.

The plan is simple: Buy the strongest names on absolute and relative terms – if and when they trade above our risk levels.

That is from my Commodities Analyst Ian Cully in a recent post about the Gold sector.

Today's trade is in a mining name that is above the risk levels, signaling its time to get involved.

In today's Daily Digest, we'll review:

1. New position in XLK -- Technology
2. No adjustments are needed today.
3. Profitable exit in IWM.
4. Current status of open campaigns.

Let's dig in!

From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on today’s list comes via Form 4 filings by Stellantis N.V,, which revealed new purchases in Archer Aviation Inc $ACHR worth a total of $8,270,950.

The CEOs of The GEO Group $GEO, Biglari Holdings Inc $BH, and OPKO Health Inc $OPK all filed Form 4s revealing purchases of their own stock.

In today's edition of "This is NOT 2023", here is the U.S. Large-cap Consumer Discretionary Sector breaking down to new 52-week lows relative to the rest of the market.

You can see yesterday's edition here: Energy Stocks Lead US Markets

This isn't 2023. It's a completely different market.

Take a look at this chart below.

New 52-week lows.

From the Desk of Ian Culley @IanCulley

Metals are working.

Gold is printing new all-time highs. Copper is trading above four bucks. And Palladium…

Well, Palladium has stopped going down.

Considering Palladium’s Commitment of Traders (COT) profile, its tendency to trend with technology stocks, and where it stopped falling…

It’s time to buy!

Check out the long-term Palladium chart stretching back to the late 70s:

Palladium is bouncing off a critical extension level based on the early 1980s decline — a level that acted as resistance for almost two decades.

The principle of polarity is springing into action, just as it did in 2018 when buyers stepped in and defended those former highs. 

Approximately 850 marks this critical area of former resistance turned support and a logical level to trade against. 

Add commercial hedgers’ record-long position, and Palladium could catapult higher in the coming quarters.

Strong hands move markets, mainly the hands of Commercial hedgers. Commercials are the “smart money” with the deepest pockets.   

Historically, they have...

I received a great, and well-meaning question from a new All Star Options subscriber about a recent trade we entered in $VLO that offers a great lesson or reminder to those who need it.

Question:

What...

From the Desk of Alfonso Depablos @Alfcharts

One of the major themes we’re monitoring closely right now is the Growth vs Value relationship.

While Growth has dominated for the past couple of quarters, the technical setup suggests it may be time for value to take the lead.

The chart below shows the ratio testing a critical area of former resistance from above.

This morning, I ran our emerging cryptocurrency scan, which alerts us to when a cryptocurrency exceeds a certain market-cap threshold for the first time. When a cryptocurrency is climbing the market-cap ladder, we're the first ones to know about it.

I couldn't help but mention the cryptocurrency we got alerted to today.

In today's Daily Digest, we'll review:

1. New position in XLV -- Health Care
2. No adjustments are needed today.
3. No exits since the last report.
4. Current status of open campaigns.

Let's dig in!