This week I had a great conversation with Jeremy Schwartz on the Behind The Markets Podcast on SiriusXM Radio.

Jeremy and I have been through a few cycles throughout our careers and probably understand the weightings of Indexes and ETFs better than most investors. Which was a big point I was trying to make: Understand what you own. You need to know what's inside of these things, and more importantly, what's not.

There's a lot going on in today's market but I tried to really focus in on the primary trends and where I think we're going this year.

Last time we did this I got to go down to the studio at the Wharton School at the University of Pennsylvania. But the weather was bad so we recorded remotely. Hopefully I can make it down there soon and we can do it live from the University once again.

Either way, I think we hit on a bunch of key points on this episode.

Hope you enjoy!

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 Steve Strazza @Sstrazza

For most of my career, I've listened to fundamental analysts make the argument that investors should be overweight international stocks because they're "cheaper" than US stocks.

This has been the case for a long time now, and it's merely a function of the fact that there are far more value and cyclical stocks overseas.

But, since value stocks have been out of favor for so long, ex-US stocks have severely underperformed domestic markets.

Growth has been the place to be for the last decade, and for this reason the alpha has been with the tech-heavy US stock market over its global peers.

But now that we're seeing the tide shift in favor of value, we're also seeing early signs of reversals in the US versus the world relative trends.

There's still more work to be done before we have conviction that we want to favor international stocks, but the weight of the evidence continues to move in that direction.

In today's post, we'll discuss what we're seeing from these relative trends and then go over some areas of the global equity market that are likely to benefit from the value over...

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

Commodities are on fire!

Crude oil is trading above 90, its derivatives are printing fresh highs, and natural gas is beginning to rip – again.

But, as we’ve pointed out in recent posts, it’s not just energy that’s working. We’re seeing broad strength in commodity markets.

Soybean oil is marching higher along with the rest of the bean complex, and corn hit our initial upside objective earlier this week. 

Today, we’re going to outline another ag contract that’s setting up for its next leg higher: coffee.

Here’s a zoomed-out daily continuation chart of Coffee Futures $KCF:

Coffee has been in a strong uptrend since completing a multi-year base last spring. As you can see in the chart, this base...

From the desk of Steve Strazza @Sstrazza

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:

...

I’ve received a few questions from readers about playing bounces in some oversold stocks.

The most recent was Facebook, er… Meta (whatever).

An opportunistic trader hit me with this question:

Is anybody interested in taking a position in these heavily discounted calls in $FB today?

Discounted? Au contraire, mon frère.

Shares of $FB stock may be “discounted” after getting shellacked to the tune of -26% or so. But there are no discounts to be found anywhere on the options chain.

From the desk of Steve Strazza @Sstrazza

Dividend Aristocrats are easily some of the most desirable investments on Wall Street.

These are the names that have increased dividends for at least 25 years, providing steadily increasing income to long-term-minded shareholders.

As you can imagine, the companies making up this prestigious list are some of the most recognizable brands in the world. Coca-Cola, Walmart, and Johnson & Johnson are just a few of the household names making the cut.

Here at All Star Charts, we like to stay ahead of the curve.

That's why we're turning our attention to the future aristocrats. In an effort to seek out the next generation of the cream-of-the-crop dividend plays, we're curating a list of stocks that have raised their payouts every year for five to nine years.

We call them the Young Aristocrats, and the idea is that these are "stocks that pay you to make money."

Imagine if years of consistent dividend growth and high momentum and relative strength had a baby, leaving you with the best of the emerging dividend giants that are outperforming the averages.

By...

You guys know me by now. I'm not exactly "Mr. Seasonality" where we follow seasonal trends tick for tick.

That's not how markets work.

BUT, I do think it's important to put things into context. In fact, 2021 followed seasonal trends better than any year in recent memory.

Take a look at last year's tracking of our Cycle Composite. That was right on point wasn't it?

We're buying the $CVX January 2024 150-strike call options. Yes LEAPS!

Check out our short video with the thought process behind this trade:

From the desk of Steve Strazza @Sstrazza

We held our February Monthly Strategy Session Tuesday night. Premium Members can access and re-watch it here.

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.

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

The path of least resistance is higher for yields, as the market continues to punish investors for buying bonds. 

As long as that’s the case, we want to look for short opportunities when approaching the bond market.

Since the shorter end of the curve has ripped higher, the moves in these contracts and ETFs are extended. They simply don't offer favorable risk/reward trade setups at current levels.

We’re better off looking for ways to play rising yields further out on the curve in this environment. 

We’re going to discuss how to do just that by covering a few charts that are setting up on the short side.

First up is the 30-year Treasury bond futures:

T-bonds are carving out a multi-year head-and-shoulders top above their pivot lows from last March.

We want to sell weakness on a decisive break below the neckline and those former lows at 153’07, targeting the 2019 lows around 136’16.

We can only be short on a...

If you've been involved with crypto, you've probably heard the term "whales" thrown around countless times. There's an almost conspiracy-like aura surrounding this cohort of Bitcoin holders.

With an incredible amount of attention placed on this trader cohort, it's important to understand their role in driving price action, macro trends, and more importantly, following their movements.

So, first things first, what even is a "whale"?