From the desk of Steve Strazza @Sstrazza

For the week ended Friday, May 1, 2020:

Every weekend we publish performance tables for a variety of different asset classes and categories along with commentary on each.

This week we're highlighting the underperformance from the US using our Global Index and International ETF tables.

Click table to enlarge view.

Despite the Wilshire 5000 (DWC) closing slightly higher on the week, all major Large-Cap averages in the US closed lower. While equities sold off across the board to end the week, the Eurozone still managed to book a nice gain with the German Dax (DAXX) and Stoxx 50 (STOXX) up 4-5% each in what was a short week for much of the region.

The Nikkei 225 (NI) and Shanghai Composite (SSEC) each closed almost 2% higher in what was also a short week for much of Asia.

Many International Markets were closed on Friday which skews the weekly performance data in their favor as they did not experience the selloff the US did to close out the week. We...

From the desk of Steve Strazza @Sstrazza

For the week ended Friday, April 24, 2020:

Every weekend we publish performance tables for a variety of different asset classes and categories along with commentary on each.

This week we want to highlight the continued divergence between Energy stocks and Oil using our Sector and Industry ETF and Commodity tables.

First, let's look at some of the longer-term leaders. Biotechs (IBB) just broke out to fresh multi-year highs and are one of the top performers on our Industry ETF list across all timeframes.

Aside from Gold Miners (GDX), they are the only industry on our expanded list of over 50 ETFs already back at fresh 52-week highs. Definitely some relative strength worth paying attention to in these areas.

Be sure to read our recent post on Gold Miners.

This week we saw a huge gain from not only the strongest Industry ETF over the trailing year (GDX) but also the weakest, as...

From the desk of Steve Strazza @Sstrazza

Every weekend we publish performance tables for a variety of different asset classes and categories along with commentary on each.

As this is something we do internally on a daily basis, we believe sharing it with clients will add value and help them better understand our top-down approach. We use these tables to provide insight into both relative strength and market internals.

This week we want to highlight our US Equity Index and Industry tables as they illustrate an important resumption in leadership from the market's most resilient areas.

Click on table to enlarge view.

After some mean reversion last week, the trend in Nasdaq outperformance and small-cap underperformance reasserted itself this week as the Nasdaq 100 (QQQ) was up 7%...

From the desk of Tom Bruni @BruniCharting

In late February we were shorting Sugar aggressively and captured a good portion of its sharp move lower.

Now we're looking at another sweet setup in the Sugar market.

From the desk of Steve Strazza @Sstrazza

Every weekend we publish simple performance tables for a variety of different asset classes and categories along with brief commentary on each.

As this is something we do internally on a daily basis, we believe sharing it with clients will add value and help them better understand our top-down approach. We use these tables to provide insight into both relative strength and market internals.

This week we want to highlight our US Equity Index and Factor tables, as they are both showing near-term reversions in some of the most robust long-term intermarket trends.

Click on table to enlarge view.

This week we saw Mid (MDY), Small (IWM) and Micro-Caps (IWC) outperform the Large-Cap Indexes. If you look at the 1 and 3-month change data, you will notice this was a real divergence from the current trends across market-cap segments. In fact, Large-Caps have been outperforming their...

We've been talking a lot about our expectations for continued volatility and what conditions we'd need to be bullish stocks again.

In this post, we want to step back and see what some of the longer-term weekly and monthly charts are suggesting for stocks and the other major asset classes.

Here's the Nifty 50 which spent the last two years grinding slightly higher as momentum diverged negatively. So far this year, prices have fallen 40% and retraced 38.2% of their entire 2001-2019 rally...in three months. From a risk management perspective, bulls need to see 8,000 hold in the Nifty 50 or there is further downside risk towards 6,200.

Click on chart to enlarge view. 

Small-Caps have been an absolute disaster, losing 2/3 of their value over the last 2 years. With prices stuck below the 61.8% retracement of their 2004-2018 rally...

From the desk of Steve Strazza @Sstrazza

Every weekend we publish simple performance tables for a variety of different asset classes and categories along with brief commentary on each.

As this is something we do internally on a daily basis, we believe sharing it with clients will add value and help them better understand our top-down approach. We use these tables to provide insight into both relative strength and market internals.

This week we want to highlight our US Equity Index and Sector tables, as they are both showing continued evidence to support some of the trends we've discussed recently.

Click on table to enlarge view.

Last week, we wrote a post about the importance of the Nasdaq 100 (QQQ) due to its long-term outperformance vs the rest of the US Equity Market. As seen in the table above this relative strength has continued over the trailing weeks and months as QQQ has outperformed the other US Indexes over every...

Chart Summit 2020 is officially in the books. What an amazing time we had. Wow!

The videos of all the presentations are now up and you can go to ChartSummit.com and stream them for FREE!

As we always like to do here after Chart Summit, Steve Strazza and I sat down to discuss what we just witnessed. This was one of the most amazing list of speakers I've ever seen at a Financial Conference. I can't even believe we were able to pull this off! Plus, we raised over $50,000 in donations, on the first day alone, to help fight coronavirus. Thank you to everyone who attended and donated! Also, big shoutout to Traders4ACause for helping us choose the organizations we're donating to and collecting all the money. We could not have done this without you!

In this...

From the desk of Tom Bruni @BruniCharting

As we look for signs of a tradeable low in Equities, we're not only looking at breadth and the stock market's leaders, we're also looking to the Commodity market for a signal of what's to come.

Let's get into why Copper needs to be on your radar.

As we look for signs of a tradeable low in Equities, we're not only looking at breadth and the stock market's leaders, we're also looking to the Commodity market for a signal of what's to come.

Let's get into why Copper needs to be on your radar.

From the desk of Tom Bruni @BruniCharting

Tuesday's Mystery Chart makes an interesting point during these volatile times, so thank you all for your feedback and participation.

Let's get into it.

While we wait for the breadth and momentum divergences to develop in the equity markets, we're taking advantage of other markets that offer uncorrelated trade opportunities.

Today, we're looking at Jeera and Crude Palm Oil on the long side.