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 current market environment.

This week, we're going to highlight the continued outperformance from offensive assets as well as the weakness we're starting to see from many defensive assets. This kind of action continues to suggest increasing risk-appetite and is supportive of higher prices within Equity and Commodity Markets.

From the desk of Steve Strazza @Sstrazza.

Welcome to this week's edition of "Under The Hood." You can read more about the column here.

What we do is analyze the most popular Robinhood stocks over the trailing week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.

We have some new additions coming for how we generate the list of most popular names, which we'll explain more each week as we add new data sets. This is a really exciting time for us. There are so many new data sources popping up so it's really just our responsibility to organize it to where it only tells us exactly what we want: An unusual increased level of interest for an asset.

Last night we held a Happy Hour With Traders and discussed market internals and breadth with some of the best Technicians in the business. We focused mainly on the more popular aggregate breadth indicators such as the percentage of new highs and lows, the percentage of stocks above the 200-day, and so on.

We also talked a bit about our process for analyzing breadth on a more granular level, which is simply by looking at our universe of indexes, sectors, industry groups, and individual stocks each week. When we run our scans and look at the individual charts themselves, we continue to see a higher number of new highs and bullish momentum characteristics.

This is evidence of improving breadth.

This week's Mystery Chart was one of the latest Industry Groups we noticed making fresh all-time highs. In this post, we'll discuss the chart and offer some trade ideas in some of the groups' strongest components.

From the desk of Steve Strazza @Sstrazza

New Mystery Chart!

For those new to the exercise, we take a chart of interest and remove the x/y-axes and any other labels that would help identify it. The chart can be any security in any asset class on any timeframe on an absolute or relative basis. Maybe it’s a custom index or inverted, who knows!

We do all this to put aside the biases we have associated with this specific security/the market and come to a conclusion based solely on price.

You can guess what it is if you must, but the real value comes from sharing what you would do right now. Buy, Sell, or Do Nothing?

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 give our outlook and some of the things we're watching for in the week ahead.

This week, we're going to highlight our US Index and Sector ETF tables and focus on the rotation we're seeing into more offensive areas of US Equities. We'll then tie this into what we're seeing across the FICC universe.

From the desk of Steve Strazza @Sstrazza.

Welcome to this week's edition of "Under The Hood." You can read more about the column here.

What we do is analyze the most popular Robinhood stocks over the trailing week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.

This was another interesting week as the market continues to grind higher with zero regard for whatever bad news is thrown at it. With the S&P 500 knocking on the door of new all-time highs, let's take a look at what Robinhood investors were buying this week.

One thing I've learned very quickly through writing this column each week is that contrary to popular opinion, these Robinhood investors are more often than not on the right side of the trend.

From the desk of Steve Strazza @Sstrazza

Thanks to everyone who participated in this week's Mystery Chart. Most of you either wanted to buy or do nothing and wait for more information.

The chart was the iShares Global Silver Miners ETF $SLVP. We're bullish metals so we agree and want to be buying this over the long-term as well.

With that said, we want to be cautious at current levels for reasons we'll outline in this post. First, let's look at the updated chart.

From the desk of Steve Strazza @Sstrazza

New Mystery Chart!

For those new to the exercise, we take a chart of interest and remove the x/y-axes and any other labels that would help identify it. The chart can be any security in any asset class on any timeframe on an absolute or relative basis. Maybe it’s a custom index or inverted, who knows!

We do all this to put aside the biases we have associated with this specific security/the market and come to a conclusion based solely on price.

You can guess what it is if you must, but the real value comes from sharing what you would do right now. Buy, Sell, or Do Nothing?

From the desk of Steve Strazza @Sstrazza

Every 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 give our outlook, as well as some of the things we're watching for in the month ahead.

With July just coming to a close, we're going to focus on that month's returns for insight into the near-term and analyze a variety of monthly charts in order to view the recent performance within the context of the underlying trends.

This week, we'll highlight the broad-based bullish performance across just about every asset class in July, as well as one of the tailwinds for this which was the weak US Dollar.

Here is our list of International Indexes. We continue to see outperformance from the US, China, and other areas of Asia such as Taiwan (which is not shown in the table, but made new all-time highs this month). The Shanghai Composite and Wilshire 5000 are outperforming their peers with significant gains over every timeframe.

From the desk of Steve Strazza @Sstrazza.

Welcome to this week's edition of "Under The Hood." You can read more about the column here.

What we do is analyze the most popular Robinhood stocks over the trailing week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them. This was a busy week so let's get right into it.

It was surprising not to see Facebook $FB on this week's most popular list heading into earnings. All the other big tech names were. We'll cover this more below.

From the desk of Steve Strazza @Sstrazza

Every 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 give our outlook and some of the things we're watching for in the week ahead.

This week we're going to highlight our International ETF and Global Index tables, and focus on some of the rotation we're seeing into more offensive assets across the board. Let's dive into it.

Emerging Markets $EEM, particularly Latin America $ILF, continue to rebound strong. These two indexes were this week's leaders on our International ETF list but notice that they are also the top performers over the trailing one and three month periods.

From the desk of Steve Strazza @Sstrazza.

Welcome to this week's edition of "Under The Hood." You can read more about the column here.

What we do is analyze the most popular Robinhood stocks over the trailing week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.

This week we have a handful of trade ideas on the long side, many of which belong to the Health Care space and are working on Covid-19 vaccines.

We'll also walk through a number of mega-cap bellwethers and get a feel for what's going on in that space.

The stock market has been going crazy again this week, and maybe it's beginning to rub off on me... We usually only share about 10 charts in this post, but there is just too much going on in these names so I went a little crazy myself in looking through the charts for this week's post. We ended up with 14. Let's dive into it!

Here is this week's list of most popular stocks, measured by net increases in Robinhood accounts that hold shares.