From the Desk of Ian Culley @IanCulley

I thought March was supposed to be a seasonally weak period for gold.

I guess I was wrong.

Instead of rolling over, gold almost posted double-digit returns last month, while the higher beta plays (silver futures and mining stocks) soared.

As you might expect, many of the bullish trade ideas I laid out last month are working.

And, today, I have two new setups for you to check out…

From the Desk of Kimmy Sokoloff

It was a slow day for the market, and then, late in the day, we started to ramp higher.

I'd  think $QQQ would take a breather soon, as this index is the most extended.

From the Desk of Steve Strazza @Sstrazza.

Welcome back to Under the Hood, where we'll cover all the action for the week ended March 31, 2023. This report is published bi-weekly and rotated with The Minor Leaguers.

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

We use a variety of sources to generate the list of most popular names.

There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: a list of stocks that are seeing an unusual increase in investor interest.

Click here for a behind-the-scenes look at our process.

Whether we’re measuring increasing interest based on large institutional purchases, unusual options activity, or...

McDonald's just put "300-dolla-rolls" on the menu. Sweet and delicious. Limited time offer.

Many of you know that my all time favorite options trades are simple long calls on stocks making new all-time highs. And when you add in a big round number up ahead within spitting distance, it's hard for me not to get excited.

So we're going to put on a short-term play to catch those rolls in $MCD while they're hot!

From the Desk of Ian Culley @IanCulley

I thought March was supposed to be a seasonally weak period for gold.

I guess I was wrong.

Instead of rolling over, gold almost posted double-digit returns last month, while the higher beta plays (silver futures and mining stocks) soared.

As you might expect, many of the bullish trade ideas I laid out last month are working.

And, today, I have two new setups for you to check out…

Before I get to the trades, check out the closing prices on this gold monthly candlestick chart:

I use monthly charts to reconnect with the underlying trend after weeks of following daily price swings. 

It’s easily one of my best practices. But it’s not all about the structural trend.

The monthly close carries weight, much like the weekly and daily closes. It marks the end of a time series and an agreement between buyers and sellers.

Notice support came in at its former 2011 monthly closing high at approximately 1,830 – an excellent example of the principle of polarity. 

Gold also finished the month within ten dollars of a new all-time high. So close!

Regardless of the...

We've adjusted a position in the Paid-to-Play portfolio today:

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.

Today’s most significant insider transaction report is a Form 4 filing by Ares Management.

Ares revealed an additional purchase of roughly $2.9 million in Frontier Communications Parent $FYBR.

From the Desk of Kimmy Sokoloff

Happy April...

And what a move the market has made!

Welcome to The Buzz! 

Our mission at The Chart Report is to highlight ideas from the best traders and technicians on social media. 

Now, we’re taking this concept one step further and tapping into the madness of the crowd. 

That’s why we created The Buzz! 

Our mission at The Buzz is simple: to identify and profit from the most-talked-about stocks on the market today. 

But isn’t the crowd always wrong? 

The grandfather of contrarian investing, Humphrey B. Neil once said; 

“The public is often right during the trends, but wrong at both ends.” 

We agree with Humphrey, which is why we’ll be focusing on catching the meat of these trends, with both long and short ideas. 

The Buzz uses proprietary social media data from our partners at Likefolio. 

Every week, we compile a list of stocks that are experiencing the most momentum in terms of investor interest. Let’s take a look at which stocks are buzzing this week!

...

This is the weekly post that aggregates all the charts we put together throughout the week and organizes them all into one, easy to flip through deck.

From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts

Our International Hall of Famers list is composed of the 100 largest US-listed international stocks, or ADRs. We’ve also sprinkled in some of the largest ADRs from countries that did not make the market cap cut. 

These stocks range from some well-known mega-cap multinationals such as Toyota Motor and Royal Dutch Shell to some large-cap global disruptors such as Sea Ltd and Shopify.

It’s got all the big names and more--but only those that are based outside the US. You can find all the largest US stocks on our original Hall of Famers list.

The beauty of these scans is really in their simplicity.

We take the largest names each week and then apply technical filters in a way that the strongest stocks with the most momentum rise to the top.

Based on the market environment, we can also flip the scan on its head and filter for weakness.

Let’s dive in and take a look at some of the most important stocks from around the world.

Here’s this week’s list:

...

From the Desk of Ian Culley @IanCulley

Buying opportunities abound across commodities.

It’s easy to miss this phenomenon if you’re solely focused on the major indexes, as the CRB Index and the Bloomberg Commodity Index $BCOM broke down earlier this month. 

Don’t let those charts mislead you. Plenty of sweet setups present themselves.

And the next chart is by far my favorite…

Cocoa!

Check out the five-year base in cocoa futures:

Cocoa is taking the shape of a potential ascending triangle. This pattern carries a bullish bias as buyers step in, creating a series of higher lows. 

Momentum is another bullish data point on the chart. Notice the 14-week RSI has held within a bullish regime since the initial thrust higher in early 2018. 

Cocoa futures provide a textbook...

From the Desk of Kimmy Sokoloff

What a week, what a day...

The market was full speed ahead for the end of the quarter.

We got into and quickly out of a trade in Microstrategy $MSTR over the past two weeks. Whipsaws suck. But the way the stock has quickly battled back is telling me we weren't wrong, just early. And I'm getting back in, but with a new stop loss level.

We've adjusted a position in the Paid-to-Play portfolio today:

Stocks stopped going down a long time ago.

In bear markets stocks go down in price.

In bear markets you get more and more stocks making new lows.

In bear markets the indexes don't keep putting up major gains quarter after quarter.

And so what's been happening in the current market environment?

The most significant insider transaction on today’s list comes in a Form 4 filed by RA Capital Management.

The hedge fund revealed a purchase of roughly $14.7 million of Dice Therapeutics $DICE, increasing its ownership stake to 16%.

The S&P500 is on track to put up another terrific quarter of returns - up over 5% so far for Q1 2023.

And remember, this comes after rallying over 7% in Q4 2022.

These are very impressive results for equities, despite all the gloom and doom they're telling your parents on the evening news.

Funny, as strong as stock market returns have been in America the past 2 quarters, European equities have been exponentially stronger.

The Euro STOXX 50 is up over 13% in Q1. And this comes after a monster quarter in Q4 last year where Europe rallied 25%.

These are some of the greatest stock market returns of all time.

Meanwhile, the glorified gossip columnists are telling you it's a crisis.

You see the difference?

From the Desk of Kimmy Sokoloff

Today is quarter's end, and they surely window-dressed this week. Hey, we might even continue higher from here.

$SPY is nearing next resistance at 405, and after that is 408.