This is the video recording of our October 3rd Monthly Charts Live Strategy Session

This is the video recording of our September 5th Monthly Charts Live Strategy Session

This is the video recording of the August 2023 Mid-month Conference Call.

This is the video recording of our August 2nd Monthly Charts Live Strategy Session

This is the video recording of the July 2023 Mid-month Conference Call.

From the desk of Steve Strazza @Sstrazza

Tuesday night we held our June Monthly Conference Call, which Premium Members can access and rewatch here.

In this post, we’ll do our best to summarize it by highlighting five of the most important charts and/or themes we covered, along with commentary on each.

Let’s get right into it!

If this is a bull market, then what comes next?

Breadth Expansion.

More upside participation.

Sector Rotation.

The list of the 52-week highs getting longer.

We've been betting that this is a bull market since last year. That has worked in our favor.

But what does the market need to do to reiterate that we are still, in fact, in a strong, healthy bull market?

More new highs.

Here's a look at the NYSE new 52-week highs list creeping higher in recent weeks.

In bull markets you regularly see more and more stocks making new highs.

That's just a normal characteristic of this type of market environment.

Yesterday we saw a ton of stocks making new 52-week highs - names like Nvidia, AstraZeneca, Salesforce, Lockheed Martin, General Electric, Chipotle, Autozone, Motorola, Lennar and many others.

However, in aggregate we have yet to see that key breakout in breadth expansion in the new 52-week highs list.

The new lows list is non existent. It's been that way since the 4th quarter last year.

But where the new highs at?

This is the video recording of the April 2023 Mid-month Conference Call.

From the desk of Steve Strazza @Sstrazza

We held our April Monthly Strategy Session on Monday night. Premium Members can access and rewatch it here.

Non-members can get a quick recap of the call simply by reading this post each month.

By focusing on long-term, monthly charts, the idea is to take a step back and put things into the context of their structural trends. This is easily one of our most valuable exercises as it forces us to put aside the day-to-day noise and simply examine markets from a “big-picture” point of view.

With that as our backdrop, let’s dive right in and discuss three of the most important charts and/or themes from this month’s call.

I've argued for years that the Dow Jones Industrial Average is the world's most important stock market index.

It's a list of the most important stocks in the most important country on the planet.

Find me a better index.

You can't. I've looked.

And when you look underneath the surface at the components of the Dow, you'll notice that its Advance-Decline line is pressing up against all-time highs.