This is the weekly post that aggregates all the charts we put together throughout the week and organizes them all into one, easy to flip through deck.
Don’t Forget About Copper!
From the Desk of Ian Culley @IanCulley
The media is showering gold and precious metals with attention.
I get it. New all-time highs capture eyes.
But you can’t leave copper and base metals out of the story…
Failed Breakouts Everywhere
From the Desk of Alfonso Depablos @AlfCharts
2024 is far from being like 2023.
While we’ve experienced some healthy sector rotation, the first quarter was characterized by waning momentum.
With these long-standing momentum divergences in place, so far, the second quarter has been characterized by selling pressure.
Since last week, we’ve seen an increasing number of these divergences confirmed by price.
Making matters worse is where this downside is taking place. We’re also seeing a growing list of indexes and sectors lose key former highs.
Until the bulls can reclaim these polarity zones, markets will remain messy.
Let’s talk about some of them.
The Hall of Famers (04-19-2024)
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 – 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.
The Dow Is Down for the Year
Interest Rates Zig and Zag
From the Desk of Ian Culley @IanCulley
Failed breakouts and trading ranges dominate the charts.
It’s a mixed-up, messy market environment wherever you look — bonds, stocks, commodities, forex…
US treasuries are a prime example, playing it cool with muted volatility and tight credit spreads while yields climb.
Perhaps the near-term rise in rates makes it difficult to grasp, but the US benchmark yield is actually chopping within a broader corrective phase.
I make it rain, I make it rain
[Premium] Mid-Month Conference Call Video Recording April 2024
This is the video recording of the April 2024 Mid-month Conference Call.