From the desk of Steve Strazza @sstrazza and Louis Sykes @haumicharts

At the beginning of each week, we publish performance tables for a variety of different asset classes and categories along with commentary on each.

Looking at the past helps put the future into context. In this post, we review the absolute and relative trends at play and preview some of the things we’re watching in order to profit in the weeks and months ahead.

As we discussed in last week's report, bears have a lot of work cut out for them.

With all this rotation into offensive groups and cyclical areas of the market, they are really running out of talking points. We literally can't find a meaningful group of stocks in the US or even abroad that we would want to short at this point.

This is excellent information as it's not something we can say very often... and it's bullish, just to be clear.

This is the video recording of the January 2021 Conference Call.

This is our ASC Research Q1 2021 Playbook.

The first section dives deep into the US Stock Market and Market breadth, then we discuss the International Markets and specific Factors around the world. Next we go into U.S. Sectors and the best looking Industry Groups. In the second half of the report, we dive into the FICC space (Fixed Income, Commodities & Currencies) and their Intermarket Relationships. Finally we finish up with Cryptos, Options and overall Market Sentiment.

You can skip right to the trade ideas here if you'd like, or give the full report a read!

From the desk of Louis Sykes @haumicharts

At the beginning of each week, we publish performance tables for a variety of different asset classes and categories along with commentary on each.

Looking at the past helps put the future into context. In this post, we review the absolute and relative trends at play and preview some of the things we’re watching in order to profit in the weeks and months ahead.

The weight of the evidence continues to overwhelmingly lie in favor of the bulls.

The major indices are above important levels and are well on their way to achieving our targets. We're seeing sector rotation into offensive, cyclical areas of the market, and away from defensive, which is all confirming these new highs.

Commodities are showing incredible strength in the face of extreme positioning, reflecting the control buyers have in these markets.

If you are distressed by anything external, the pain is not due to the thing itself, but to your estimate of it; and this you have the power to revoke at any moment.”

There's a lot of noise out there.

It's poison.

The glorified gossip columns and cartoon networks keep proving to be the equivalent of sugar and trans fat packed fast food.

Don't be mentally obese.

Stick to price.

It's better for the portfolio.

It's better for the soul.

It's a Bull Market you know...

I'm not sure if you've noticed, but owning stocks and spending our time looking for stocks to buy has been a much better idea than shorting stocks and spending your time looking for stocks to sell.

It's not even close.

Just think back at all the people who told us to do the opposite every day, every week and every month since the Spring.

Gross.

When stocks are in strong uptrends, they don't just do well on an absolute basis, but they also tend to outperform their alternatives. We talk about that a lot around here.

Today's chart has to show the Gold Fund breaking down to new all-time lows relative to the Nasdaq, as well as U.S. Treasury Bonds making new all-time relative lows as Interest Rates keep spiking.

Here is that chart showing the Nasdaq breaking out to new highs relative its alternatives:

Is there anything out there not going up in price, I mean other than U.S. Treasury Bonds?

Stocks are making new highs. Precious metals are underperforming, as usual, but at least they're trying to push up against new absolute highs.

Looks like the Bond bulls are just throwing in the towel:

From the desk of Steve Strazza @Sstrazza and Louis Sykes @haumicharts

At the beginning of each week, we publish performance tables for a variety of different asset classes and categories along with commentary on each.

Looking at the past helps put the future into context. In this post, we review the absolute and relative trends at play and preview some of the things we’re watching in order to profit in the weeks and months ahead.

After several months of consolidation, the major indexes have set the foundation for another leg upward in line with their primary trends. We've been seeing many of them resolve higher in recent weeks.

We continue to see rotation into economically sensitive and cyclical assets - supporting our view that there is a strong appetite, not aversion, for risk.

And the FICC markets continue to confirm this bullish environment for stocks and risk assets.

From the desk of Steve Strazza @Sstrazza and Louis Sykes @haumicharts

At the beginning of each week, we publish performance tables for a variety of different asset classes and categories along with commentary on each.

Looking at the past helps put the future into context. In this post, we review the absolute and relative trends at play and preview some of the things we’re watching in order to profit in the weeks and months ahead.

The major indexes continue to hold important levels and many large-cap sectors have laid the foundation for upside resolutions and another leg higher in their relative leadership. 

SMIDs and Micro-Caps have had every chance to digest their recent gains, but we're yet to see that play out. Seeing such strong upward momentum from these stocks speaks to the healthy risk appetite we continue to point out.

From the desk of Steve Strazza @Sstrazza.

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

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

Let’s dive into it.

This is the video recording of the December 2020 Conference Call.

From the desk of Steve Strazza @Sstrazza and Louis Sykes @haumicharts

At the beginning of each week, we publish performance tables for a variety of different asset classes and categories along with commentary on each.

Looking at the past helps put the future into context. In this post, we review the absolute and relative trends at play and preview some of the things we’re watching in order to profit in the weeks and months ahead.

We continue to pound the table on leadership down the market-cap scale. There's been strong evidence over the past few weeks/months suggesting this is a structural trend reversal in the large vs small-cap ratio.