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 relative strength trends at play and preview some of the things we’re watching in order to profit in the weeks and months ahead.

We discussed markets remaining more or less a mixed bag over recent weeks/months. At the same time, we've pointed out how the weight of the evidence continues to tilt gradually in the direction of the bulls, particularly due to the action we've observed in key risk assets.

This week, we saw that trade unwind a bit as most risk-assets were lower on the week. We're going to need to see a lot more data come in to support a sustained rotation into these more cyclical areas as well as reverse some of these long-term relative trends.

So, after a big week of progress, we're right back to an increasingly bifurcated market environment.

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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 relative strength trends at play and preview some of the things we’re watching in order to profit in the weeks and months ahead.

We discussed markets remaining more or less a mixed bag over recent weeks/months. At the same time, we've pointed out how the weight of the evidence continues to tilt gradually in the direction of the bulls, particularly due to the action we've observed in key risk assets.

This week, we finally witnessed a meaningful rotation into reflationary assets as yields rallied to their highest levels since June. We also saw a noticeable strengthening from cyclicals.

We think this kind of rotation is a very healthy development for markets.

When investors bid up more economically sensitive assets it speaks to...

From the desk of Steve Strazza @Sstrazza.

This week we held October’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 October 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 relative strength trends at play and preview some of the things we’re watching in order to profit in the weeks and months ahead.

In recent RPP Reports, we discussed how markets had become more of a mixed bag, particularly equities as they try to recover from September's selloff.

Although, with each passing week we're still seeing more bullish data points than bearish ones, even if only at the margin.

We're still waiting for many of the key assets that we mentioned were trading right at or near critical levels in recent weeks to choose a decisive direction.

We have plenty to cover, so let's kick things off with the US Index table.

As you can see, it was a...

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 relative strength trends at play and preview some of the things we’re watching in order to profit in the weeks and months ahead.

In recent week's RPP Reports, we've discussed how Equity Markets had become more of a mixed bag with many key assets trading right at or near critical levels.

This week, we'll follow up on some of these areas we've been pointing out in recent reports and see how they look now.

The bottom line is that while there have definitely been more bullish than bearish developments since last week, prices continue to flirt with the risk levels we've previously outlined.

We still believe the weight of the evidence is in favor of the bulls, but with so many assets at inflection points, we're paying close attention to every new day's data as it...

From the desk of Tom Bruni @BruniCharting

For our timeframe, we prefer to look bigger picture and not get caught up in the day to day noise.

That's why we have our Monthly Candle Strategy Sessions and Monthly Conference Call where we focus on the broader themes and how to take advantage of them in the market.

One of those themes we've discussed ad-nauseam is the "reflation trade", so today we're getting our magnifying glass out to look at a few daily charts that suggest more trouble/volatility could be ahead for cyclical assets in the near-term.

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 relative strength trends at play and preview some of the things we’re watching in order to profit in the weeks and months ahead.

Like we discussed last week, Equity Markets are becoming more of a mixed bag. This week, we'll expand on this theme.

Prices continue to flirt with the risk levels we've outlined for various assets in recent weeks. We still believe the weight of the evidence is in favor of the bulls, but with so many assets at inflection points, we're paying close attention to every new day's data as it comes in.

Starting at the US Index table, we can see the Nasdaq 100 $QQQ and Transports $IYT had a quieter week, while laggards such as the SMIDs caught a healthy bid, all up about 4.5%.

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This is the video recording of our October 2, 2020 Monthly Charts Live Strategy Session

The price action in Copper is incredibly important for Indian stocks and Emerging Markets in general, which is why it's one of the primary intermarket signals we watch.

After a massive run off the March lows, we saw prices of Copper meet their upside target in late August and begin to consolidate.

Now we're seeing that consolidation resolve lower, so what's next?

From the desk of Tom Bruni @BruniCharting

In the futures markets, commercial hedgers are considered the "smart money" because they deal in a business that the asset they're trading is related to. On the other hand, speculators are simply outsiders looking to benefit from the price movements in that asset.

Hedgers also have much deeper pockets than the typical rank and file speculator, so when they're making extreme bets in one direction or another...we want to be paying attention.

...And right now, commercial hedgers are selling Copper like there's no tomorrow.

From the desk of Steve Strazza @Sstrazza

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 relative strength trends at play and preview some of the things we're watching in order to profit in the weeks and months ahead.

Like we discussed last week, Equity Markets are becoming more of a mixed bag, but there are still plenty of strong areas we want to be betting on.

We're back above the risk levels we've outlined in recent weeks for most major indexes and we believe the resumption in relative strength from former leadership groups such as the Nasdaq, Tech, and Growth has given us a heads up that the recent correction low is in.

With that as our intermediate-term view on Equities, this post will focus on the strongest areas of the market that we again want to be leaning on for long opportunities to express our bullish thesis in the weeks and months ahead.

Starting at the...