There's a lot happening in Crypto Markets right now, in case you hadn't heard. Bitcoin just hit $64,000. We'll talk about all that today at 2.

But even in traditional financial markets, you're seeing massive rotation.

How many investors do you believe are prepared for a market environment where Crude Oil prices are going up and the S&P500 is falling?

We saw that exact rotation last summer and into the Fall. But that was just the appetizer. What are you going to do when the main course gets served?

This is the video recording of the February 2024 Mid-month Conference Call.

And we're back...

The new all-time highs in the S&P500 and Nasdaq100 earlier this month have been well documented.

What they don't tell you is that the equally-weighted versions of those market-cap weighted indexes are just now getting back to their late 2021 highs.

They never even broke out. In fact, they're finally just getting back to where they started.

We discussed this yesterday and what we're doing about it. I highly encourage you to watch yesterday's Emergency State of the Markets Livestream.

Here's the S&P500 Equally-weighted Index running into those former highs:

As usual, the market is giving investors a set of mixed signals.

That's par for the course, isn't it?

Let's get into it.

First up:

The Good

The only real safe haven out there continues to be the US Dollar.

That's it.

When money flows into the Dollar, stocks are under pressure. You may not always see it at the index level, but you can certainly see it when you count and go one by one across the stock market.

The US Dollar bottomed on December 27th. That was also the day that the Advance-Decline line on the NYSE put in its top. It was also the day that the Russell2000 Small-cap Index peaked.

Here's the Dollar now making new 3-month highs:

Rug Pull Season is here!

You guys know me well by now. I'm not exactly one of these fearmongers who spends decades trying to convince people that the next big crash is coming.

There are already plenty of those around.

I'm just trying to make money.

This is a very selfish endeavor for me.

Goal #1: Keep my money. I already have plenty. I want to make sure to hang on to it.

Goal #2: Turn all my money into even more money.

In that order...

There are different ways to accomplish these goals.

From the Desk of Steve Strazza @Sstrazza

We held our February Monthly Strategy Session last week. ASC Premium Members can click here to watch the replay and download the chartbook.

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.

There are a few questions that need to be answered before proceeding as an investor of any timeframe.

These questions apply to longer-term investors, day traders, and everyone in between.

From the Desk of Alfonso Depablos @Alfcharts

As we exit the best three-month period for the stock market, we're looking to our risk appetite indicators to help us determine the next directional move.

The charts below are all excellent tools for helping identify what kind of environment we are in.

During bull markets, investors embrace risk. In bear markets, they reduce their risk.

Understanding and analyzing the balance between defensive and offensive assets helps keep us on the right side of the trend.

Let's get into it:

Another day goes by in the market, and more selling came in.

Investors are making a habit of this whole selling thing.

You notice?

In yesterday's trading we saw the fewest amount of stocks in longer-term uptrends since mid-December. We also had the fewest stocks in short-term uptrends since mid-November.

You may not see the selling pressure as much at the index level, but for those of you who actually take the time to count what the stocks themselves are doing, you know.

Take a look at the new highs list, essentially non-existent throughout the month of January, even with the S&P500 and Dow hitting the highest levels ever.

You can also see the divergences in Consumer stocks, Small-caps and Emerging Markets currencies:

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

The market wasted no time starting to sell off in the month of February.

Remember, this is historically one of the worst months of the year to own stocks.

Also, the best 3 month period of the year (Nov-Jan) just came to an end.

So if stocks weren't selling off, that would be weird.