One of the hallmarks of the beginning stages of new trends, irrespective of asset class, is the thrust.

• Thrust: push suddenly or violently in a specified direction.

There are many different ways markets can thrust, but it's commonly one of two:

• momentum; or
• breadth.

In Monday's letter, we discussed that if Bitcoin could close in the green, it'd be the first time it's seen seven consecutive positive closes since the July short squeeze.

Fast-forward, we're now sitting on eight with a probability of nine green candles in a row:

Over the past half-decade or so, we've seen the US Dollar Index maintain a very high negative correlation with risk assets.

When stocks are doing well, the Dollar has normally been under pressure. And when stocks have struggled, as most of them have over the past year, the US Dollar has kept a bid.

Look how poorly the Dollar did when stocks ripped in 2020 off those pandemic lows. And then look at the strength in the Dollar over the last year as most stocks have struggled:

The team over at Fox Business asked me to come on this week to talk about what I'm seeing in the market.

In this short clip, I talk to Charles about the Sentiment unwind that we've been seeing and whether or not it's got legs.

I think it does.

Here's the interview in full. I come in at the 9:35 mark.

From the desk of Steven Strazza @Sstrazza and Ian Culley @IanCulley

Rates continue to move higher around the world as central banks do their best to combat inflation. 

As investors, our best course of action is to position ourselves in those areas that benefit most from rising rates.

Commodities and cyclical stocks immediately come to mind. But there are also specific currencies that tend to excel in rising rate environments.

Today, we'll discuss a handful of emerging-market currencies with heavy commodity exposure. 

We’ve been waiting on these currencies to catch higher and confirm the price action in commodities since last year… and it looks like it’s finally happening.

Let’s dive in.

First up is an overlay chart of the US 10-year yield and our equal-weight basket of EM commodity currencies:

In today's video I sit down with Anne Harris, Client Success Manager at Magnifi.

So what is Magnifi?

How should we get started and begin using the platform?

Anne answers all of my questions and more in this short video about Magnifi, my favorite new investing search engine.

You can sign up for a Free Magnifi account using this link

From the desk of Steve Strazza @Sstrazza

Welcome to our latest Minor Leaguers report.

We’ve had some great trades come out of this small-cap-focused column since we launched it back in 2020 and started rotating it with our flagship bottom-up scan, Under the Hood.

For the first year or so, we focused only on Russell 2000 stocks with a market cap between $1B and $2B.

That was fun, but we wanted to branch out a bit and allow some new stocks to find their way onto our list.

The way we did this is simple…

To make the cut for our revised Minor Leaguers list, a company must have a market cap between $1B and $4B.

From the desk of Steve Strazza @sstrazza

This is one of our favorite bottom-up scans: Follow the Flow. In this note, we simply create a universe of stocks that experienced the most unusual options activity — either bullish or bearish… but NOT both.

We utilize options experts, both internally and through our partnership with The TradeXchange.

Then, we dig through the level 2 details and do all the work upfront for our clients. Our goal is to isolate only those options market splashes that represent levered and high-conviction, directional bets.

We also weed out hedging activity and ensure there are no offsetting trades that either neutralize or cap the risk on these unusual options trades.

These are the registration details for our Live Monthly Candlestick Strategy Session for Premium Members of All Star Charts.

This month’s Video Conference Call will be held on Tuesday April 5th @ 6PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.

Here are the details for Tuesday evening:

It's easy to get lost in the weeds.

As humans, we're vulnerable to it.

So it's important to understand the way our minds work and set up gates that can bring us back home, to what's important.

In the case of trading and investing, being on the right side of the trend.

A great way to do that is by zooming out.

Here's Bitcoin, for example, going back to 2014.

Doesn't this give you a much different perspective compared to most Bitcoin charts you see?

It's Saturday Morning Chartoons time. 

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.

You can find the whole list of trades here.

Below you'll find the full PDF of this week's charts:

From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley

Cyclical stocks are all the craze.

If you're doing well this year, it's because you own these stocks. If you're not, it's because you don't own these stocks.

Whether we're talking about energy, agricultural inputs, or industrial metals, these are the kinds of industry groups that are showing relative strength.

And, to be clear, this is nothing new. This theme has been in place for over a year now.

The only new development is that we're seeing upside momentum in these names pick up. As a result, the gap between these winners and the rest of the market has widened to historic levels.

The reason why many of these groups are working is simple. They make their money by selling various commodities, and the prices of those commodities continue to rise at an extraordinary pace.

As such, these "value stocks" are now growing their earnings and revenue at levels that make SAAS companies wish they were in the commodity business.

From the desk of Steve Strazza @Sstrazza

Our Hall of Famers list is composed of the 150 largest US-based stocks.

These stocks range from the mega-cap growth behemoths like Apple and Microsoft – with market caps in excess of $2T – to some of the new-age large-cap disruptors such as Moderna, Square, and Snap.

It has all the big names and more.

It doesn’t include ADRs or any stock not domiciled in the US. But don’t worry; we developed a separate universe for that which you can check out here.

The Hall of Famers is simple.

We take our list of 150 names and then apply our technical filters so the strongest stocks with the most momentum rise to the top.

Let’s dive right in and check out what these big boys are up to.

Here’s this week’s list: