Throughout the week I did a ton of intermarket work comparing many markets with each other. This is a great exercise and really helps me get some perspective on the flow of money around the world. Remember, it doesn't just disappear. When money leaves one asset, let's say Japanese Yen or U.S. Treasury Bonds, it goes elsewhere. In this case, we're seeing that money flow towards banks as well as Japanese and European stocks.

There are two ways to use this information. First, simply take the money flow data as confirmation of other things we're seeing around the world, particularly those that we discussed in this week's conference call. Second, through execution purposes benefiting from narrowing or widening of these spreads. I personally use them in both ways.

Here are some of the more interesting developments that I found:

[hide_from accesslevel="premium"]Here is the video recording of the July 2016 Monthly Conference Call for Members Only

In the call we discuss:

• What Is The Risk vs Reward Being Long U.S. Stocks?
• Are Global Stocks Confirming?
• Europe and Japan Have stabilized
• Industrials and Tech are not tops!
• Which Metals Do We Want To Buy? And How High Can They Go?
• What to do with Cotton and Wheat?
• How Does The Base Metal Complex Fit into this theme?
• Which Tech Stocks Do We Buy?

One of the biggest reasons why we've been hesitant to be bullish of stocks, particularly as an asset class, since early April is because of the severe underperformance from bank stocks. Not only do we need participation out of Financials during bull markets, but we need them to lead. Unfortunately, they've been doing the exact opposite, and dragging stock market indexes around the world lower.

Has something changed?

These are the details from yesterday's Mystery Chart

Since the Summer of of last year, the relationship between growth stocks and value stocks has been ironing out what traditionally might be considered a major topping pattern. This would suggest that value stocks should outperform growth moving forward. Last month, however, this ratio confirmed what looks to me like a failed breakdown and bullish momentum divergence. In my experience, this is an ideal recipe for a squeeze higher in the spread.

Every month I host a conference call for All Star Charts Members where we discuss ongoing themes throughout the global marketplace as well as changes in trends where new positions would be most appropriate. This includes U.S. Stocks & Sectors, International Stock Indexes, Commodities, Currencies and Interest Rate Markets. We have been pounding the table on heavy cash positions for the past few months, so we're ready to start allocating that capital this week.

This month's Conference Call will be held on Wednesday July 13, 2016 at 7PM ET. Here are the Registration Details:

If you're one of those people who blindly looks at the S&P500 and thinks stocks are in an uptrend, you can stop reading now and carry on with your rainbows and butterflies. In the real world, the one we live in, stocks have been falling hard for well over a year. Put down your large-cap weighted U.S. indexes for a hot second, and take a look at what's going on.

This week we are doing a full upgrade to our research platform. This is something that we have been working on all year, and finally, with the help of the incredible people at Optuma, we are happy to announce that it is officially happening. I could not be more excited to have everything on one platform with one provider and, most importantly, have the technology to be able to share it seamlessly with all of our Members!

There is a lot that we can learn from Warren Buffett, who many consider to be one of the greatest investors of all time. To me, the most important lesson of all of them, and there are many, is that there are no called strikes on wall street. In other words, in liquid markets, you are not penalized for "missing" a trade. This is a lesson that took me many years to finally understand and is something that has helped me tremendously.

Every 2 weeks I sit down with the good folks at Benzinga to chat about the markets on their morning radio show. Today we went over specific trades that have zero correlation with the S&P500 and Nasdaq100, which are both stuck in a short-term sideways range. The S&P500 has done nothing for 2 months and the Nasdaq100 has done nothing for 3 months. These consolidations come within the context of longer-term bear markets so we would rather look elsewhere for money making opportunities.  We discuss precious metals, Crude Oil, Natural Gas, Japanese Yen and some individual stock ideas.

Here is the full interview: