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

Investors hate commodities – especially energy. 

I don’t blame them. 

Most energy stocks and commodities have failed to provide the best opportunities for the average market participant.

In fact, they’ve been an absolute dumpster fire compared to high-flying tech names for almost a decade. 

But everything changed following the 2020 sell-off.

Commodities flipped the script, outperforming bonds and stocks. Long-forgotten energy names worked their way back in the conversation as the energy sector taught a masterclass in relative strength.

This story isn’t finished – not yet!

One glance at the market’s year-to-date performance reveals an explosive tech rally that’s managed to erase the past two years from our collective memory.

That’s why I think it’s more important than ever to reiterate why I still like commodities in the back half of the year, specifically...

From the Desk of Kimmy Sokoloff

It was a very mixed tape overall today.

The $STLD short I previewed in the Morning Briefing worked out nicely.

From the Desk of Kimmy Sokoloff

It was a very mixed tape overall today.

The $STLD short I previewed in the Morning Briefing worked out nicely.

Here are today’s trades:

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

Today’s Hot Corner is a short one.

Point72 Asset Management filed a 13G for Chewy $CHWY revealing an initial stake of 5.80%.

From the Desk of Kimmy Sokoloff

We're seeing a slight bounce this morning after yesterday's sell-off.

It's monthly options expiration today, so things could get volatile.

From the Desk of Kimmy Sokoloff

We’re seeing a slight bounce this morning after yesterday’s sell-off.

It’s monthly options expiration today, so things could get volatile.

From the Desk of Kimmy Sokoloff

It was tough sledding for tech names, yesterday and today.

Time will tell if this pull-in will be bigger than previous ones.

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

We love our bottoms-up scans here at All Star Charts. We tend to get really creative when making new universes as we want to be sure they will deliver us the best opportunities the market has to offer.

However, when it comes to our latest project, it couldn't be any simpler!

With the goal of finding more bullish setups, we have decided to expand one of our favorite scans and broaden our regular coverage of the largest US stocks.

Welcome to The Junior Hall of Famers.

This scan is composed of the next 150 largest stocks by market cap, those that come after the top 150 and are thus covered by the Hall of Famers universe. Many of these names will someday graduate and join our original Hall Of Famers list. The idea here is to catch these big trends as early on as possible.

There is no need to overcomplicate things. Market cap is a quality filter at the end of the day. It only grows if price is rising. That's good enough for us.

The bottom line...

From the Desk of Ian Culley @IanCulley

Bonds are breaking out!

Yes… Bonds!

No, I’m not talking about US Treasuries. Those “risk-free” assets have plenty of work to do before I can take an informed long position.

I’m referring to corporate bonds. Remember, companies have numerous ways to raise capital besides selling shares – bonds being one of them.

But they're not your run-of-the-mill corporate bonds flashing a buy signal…

They’re the issues investors can convert into equity.

Check out the Convertible Bond ETF $CWB:

CWB has traced a classic bullish reversal in price as it completes a yearlong basing formation.

A similar bearish-to-bullish reversal in momentum suggests bulls have taken control, confirming the upside resolution.

More importantly, the breakout in...

Monday night, we held our July Monthly Conference Call, which Premium Members can access and rewatch here.

In this post, we’ll do our best to summarize the call by highlighting five of the most important charts and/or themes we covered, along with commentary on each.

Let’s get into it!

From the Desk of Kimmy Sokoloff

It was tough sledding for tech names, yesterday and today.

Time will tell if this pull-in will be bigger than previous ones.

Here are today’s trades:

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

Today’s Hot Corner list is a short one.

Lockheed Martin Corporation $LMT director John M. Donovan filed a Form 4 revealing the acquisition of 548 shares of LMT, equivalent to $250,476.

From the Desk of Kimmy Sokoloff

We kicked off earnings season with $NFLX and $TSLA, and they're trading lower this morning.

We'll see if people buy the dip or sell the news. 

As many of you know, Steve Strazza and I are touring South East Asia this month. We're hitting the homestretch of our trip, with about a week or so left. We're currently in Hong Kong and this city is beyond description. I don't even know where to begin. It's a cliche to say "you have to see it to believe it." But it is 100% true in this case.

As you can imagine, it's been a bit of a logistical challenge to keep up with the U.S. markets when we are on the other side of the globe. U.S. trading hours in Hong Kong are 9:30 pm to 4:00 am. Lucky for us, many of the positions we have on have been performing well. We've been positioned for a continued bull market and we're definitely being rewarded over the past few weeks.

We're currently positioned long in stocks like $AAPL, $MARA, $KBH, $GXO, $CARR, $VRRM, $ABNB, $IONQ, $DKNG, and more.

I mention this because as I'm looking at candidates for new long trades that we like, I am frustrated that most report earnings over the next 1-2 weeks. And as you know, I don't like positioning when a stock is so close to reporting earnings. I don't like the binary risk.

So, I think this is Mr. Market's way of telling...

We interrupt this raging bull market to update you on some historic positioning in the bond market that is sure to impact your portfolio, whether you like it or not.

Even if you don't trade bonds, this is really really important.

You see, I know it's easy to sit back and chill out with the S&P500 making new 52-week highs, the Dow Jones Industrial Average and Dow Transportation Average making new 52-week highs and, of course, the Nasdaq100 making new 52-week highs after posting its best first half to a year EVER.

Market breadth continues to expand and sector rotation is frustrating the hell out of anyone trying to short this market.

The thing is, what even changed?

What happened that stocks have absolutely been ripping higher since last year?

Positioning.

It's not the economy that drives stocks. It certainly isn't fundamentals.