From the desk of Steve Strazza @Sstrazza

As many of you know, we run A LOT of scans here at All Star Charts. In fact, I gave a presentation about them this past weekend at Chart Summit which you can rewatch here.

In this post, we're going to share a free trade idea from our Young Aristocrats list which is one of my absolute favorites of all the various bottoms-up scans I regularly run.

The rationale behind the list and corresponding monthly column is to catch strong stocks when they are still in the early stages of their dividend growth phase* in hopes that by doing so, we'll be buying some of the future Dividend Aristocrats...

From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley

Pockets of strength are once again emerging within the Commodity space.

We pointed out that both the CRB Index and the ASC EW33 Commodity Index were breaking above key resistance levels, pointing to a burgeoning upside move last week.

That upside move has now materialized!

We saw Industrial Metals -- including Copper, Steel, and Aluminum -- continue to follow-through as they grind higher. 

But this week’s biggest moves came from the Agricultural Commodities.

Let’s take a look at the recent strength in Ags using our custom ASC Equally-weighted Agriculture Index.

Believe it or not, it's not just Apple that makes desktop and laptop computers. I know, some of the newer generations of consumers may be shocked to learn this.

But way back in the Before Times, there was another computer maker that dominated the consumer space and invented novel ways to deliver them to consumers.

These days, they are a long way from the mass market dominance they once enjoyed, but investors in the stock are enjoying the fruits of a resurgence.

From the desk of Steve Strazza @Sstrazza and Ian Culley @IanCulley

We recently held April’s Monthly Conference Call, which our Premium Members can access and rewatch here.

In this post, we’ll summarize the call by highlighting 5 of the most important charts/topics we covered, along with commentary on each.

Let’s dive into it.

From the desk of Steve Strazza @Sstrazza and Grant Hawkridge @GrantHawkridge

The credit market is overflowing with information. 

We haven’t discussed it too much lately… but that doesn’t mean we aren’t paying close attention.

It would be foolish to overlook it. After all, they call Bond traders the “smart money” for a reason... Right?

We’ve recently discussed the theme and likely implications of how so many major stock market indexes - in both the US and abroad, are hitting very logical levels of overhead supply right now.

We think it’s no coincidence that all of this is occurring at the same time. And you’ll never guess what else…

We’re also seeing this very same behavior from some of the most important Bond Market ratios we track, as many are currently running into crucial inflection points.

I get asked a lot about why I don't think this is the beginning of a more severe correction.

We've been in the camp that the stock market is a hot mess, particularly in the U.S.

The indexes don't tell the whole story. OK, maybe the Nasdaq does a little...

And we went over all of that on last night's Live Video Conference Call.

But one chart that stands out to me that continues to suggest that this is more of a mess, rather than the beginning of a new crash, similar to last year or even Q4 2018.

It's the list of new lows.

Readers of All Star Charts research are no doubt familiar with the team's focus on relative strength. They are often comparing sectors against each other to uncover where hidden strength (or weakness) is hiding out. It's one thing to see how a stock or a sector is performing on absolute -- dollar and cents -- terms. But seeing how investors favor one sector versus another offers important insight into how the marketplace is perceiving risk and opportunity.

This analysis often forms the bedrock of our best discoveries.

From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley

Last week, we highlighted the USD testing a critical level against the Rand. This is a theme we've been seeing a lot in a variety of USD crosses recently and will discuss more in a post later this week.

We’re finally beginning to see some resolutions from these key levels, and they're revealing some very valuable information regarding the Dollar’s strength and the likely future direction for the $DXY Index itself.

In this post, we'll take a look at some examples of this theme by showcasing two forex pairs from Northern Europe that are currently breaking down at major inflection points against the USD.

But before diving in, let's set the stage a bit...

What are some of the major developments in G-10 pairs that are driving the US Dollar Index right now?

From the desk of Willie Delwiche.

From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley

Check out our latest Mystery Chart!

What we do here is take a chart that’s captured our attention, and remove the x and y-axes as well as any other labels that could help identify it.

This chart can be of any security, in any asset class, on any timeframe. Sometimes it’s an absolute price chart, other times it’s on a relative basis.

It might be a ratio, a custom index, or maybe the price is inverted. It could be all three!

The point is, when we aren’t able to recognize what’s in front of us, we put aside any biases we may have and scrutinize it objectively.

While you can try to guess the chart, the point is to make a decision…

So let us know what it is… Buy, Sell, or Do Nothing?

From the desk of Steve Strazza @Sstrazza

This weekend was the 5th Annual Chart Summit. It was a blast (as always) and all the footage will be archived and available for anyone to rewatch soon!

My presentation this weekend was about all the various "bottoms-up" scans we run here at All Star Charts... including Under The Hood, of course.

Therefore, I wanted to spice things up for viewers and share some additional names outside of the usual bi-weekly report.

So I summarized two bonus setups during the conference (which you can watch in the videos, available soon) and I'll outline them again below.

Let's dive right in.

* Bonus Long Setups From Chart Summit Presentation *

The messy market environment continues.

It's been happening for months.

Underneath the surface, we're seeing rotation among sectors and the overwhelming theme, when you look through as many charts as we do, continues to be: MESSY.

There's little or no evidence yet that this is the beginning of a larger more substantial sell-off. In fact, the data coming in continues to support that these rangebound markets are coming within the context of a longer-term bull market for stocks.

The, "This is Year 2 of a Bull Market" theme appears to still be playing out.

The world of stocks is not the S&P500 or Dow Jones Industrial Average. Look beyond that and what will you find?

A lot of messy, rangebound stocks, sectors and industry groups.

Meanwhile, Yen, Gold and Treasury Bonds stopped going down. Have you noticed? This is a flight to safety, as opposed to the flight away from safety that we had seen over the prior year.