This week we were focused on the Travel, Leisure & Entertainment stocks. One name that keeps coming up on our scans is Domino's Pizza.

It's been a homerun since showing all that relative strength back in February and March. It was even part of our Coronavirus Index. But I think it's now time for another leg higher to get going.

If $DPZ is above 370, we want to be long with a target up near 600. You can find our analysis on the space here.

Here's my attempt at Fundamental Analysis on Domino's. How'd I do?

These are the registration details for our live monthly conference call for Premium Members of All Star Charts.

This month’s Conference Call will be held on Monday November 16th at 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 Monday:

It's high time we checked in on the Marijuana stocks since our last update was in July.

Before we start, just want to give a big h/t to our intern @GrantHawkridge for helping out bigly with this research and post.

Some might even call this post a...JOINT venture.

We'll be here all week.

Now, let's get into the charts.

First, let us start at the industry level with the Alternative Harvest ETF (MJ). There is nothing bullish about this chart and made no progress in 2020. Prices have re-tested resistance multiple times, however, each time sellers came in and defended that level.

For now, the benefit of the doubt goes to the bears as this is a sideways trend at best, at least until prices can get above this 15-16 range.

Click on chart to enlarge view.

For years, Domino's Pizza has been one of those stocks where I've remarked every time I look at a long term chart: "Holy Cow!" Ok, honestly, it usually involved more words in the f-bomb category of expletives. But man, what a monster run! Who knew there was so much money in a pizza delivery chain?

Is it time to buy the Travel, Leisure & Entertainment stocks?

I don't necessarily think we need to own all of them. But if we focus on the ones with the most relative strength and positive momentum, we should be in a much better position to succeed. In other words, if we can find the ones that don't look like most Travel, Leisure & Entertainment stocks, then we could have a winner!

First of all, here is the Dow Jones Travel & Leisure Index (can't trade it) overlaid with the Leisure & Entertainment ETF $PEJ (can trade it) so you can see how similarly they move. I also included some of the fun facts about $PEJ from the Fund Factsheet.

From the desk of Steve Strazza @Sstrazza

As Notorious BIG would say... "and another one!"

We've been pointing out historic breadth readings since this summer. We've actually seen a handful of extreme readings that typically occur at major market lows and the early stages of new secular bull markets.

We've seen them across most major indexes as well, even Small and Mid-Caps.

From the desk of Steve Strazza @Sstrazza

New Mystery Chart!

For those new to this 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 preview some of the things we’re watching in order to profit in the weeks and months ahead.

Despite being in a split market environment, we've pointed out how the weight of the evidence continues to shift further and further in the direction of the bulls with each passing week.

This past week, we finally saw what appears to be the tipping point as stocks and risk-assets were all up generously. We've been waiting for the market to make up its mind from a risk-appetite perspective, as well as for the stock market to pick a direction after almost three months of sideways action.

From the desk of Steve Strazza @Sstrazza.

Welcome to our "Under The Hood" column for the week ended November 6, 2020.

What we do 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.

Whether we're measuring increasing interest based on large institutional purchases, unusual options activity, or simply our proprietary lists of trending tickers... there is a lot of overlap.

The bottom line is there are a million ways to skin this cat. Relying on our entire arsenal of data makes us confident that we're producing the best list each week and gives us more optionality in terms of finding the most favorable trade setups for our clients.

Do stock market crashes normally happen when investors are expecting one?

I'm pretty sure it's the opposite of that.

Well, this is the chart being passed around this week. We're looking at the United States Crash Confidence Index, where fewer than 15% of respondents think NO crash is going to happen.

So in other words, almost 90% of respondents think "a catastrophic stock market crash in the U.S., like that of October 28, 1929 or October 19, 1987, is probable in the next six months, including the case that a crash occurred in the other countries and spreads to the U. S."

From the desk of Steve Strazza @Sstrazza

Thanks to everyone for participating in this Week's Mystery Chart. Most of you were sellers but the chart was inverted, so you were actually buyers.

We'd be buying this chart too, so let's dive right in and see what it is and why we're all so bullish.

This week's chart was the Invesco Chinese Technology ETF $CQQQ.

In this post, we'll dig into the strongest Chinese technology stocks and outline some trade ideas as a way to express our bullish thesis.

We'll also discuss some intermarket implications of this ETF and its components.

We're going to take a close look at these Chinese tech giants and see if we can glean some insight into the internals of CQQQ in addition to other International Indexes.

First of all, the chart looks a good deal different than it did when we posted the Mystery Chart earlier this week.

Welcome to the Best 3 month period of the year!

They always make a big fuss about "Sell in May and Go Away", but rarely do you they tell you to "Remember to Buy in November". Or as my friend Jeff Hirsch, of the Stock Trader's Almanac, likes to put it, "Buy in October and Get Yourself Sober".

All these sayings derive from the fact that since 1950, every single dollar made in the Dow Jones Industrial Average has come between the months of November through April. In fact, had you bought the Dow on the first trading day in May every year since 1950 and sold on Halloween, you would actually have negative return (or close to it, anyway. I believe the past couple of years put it in the black).

Now, within the "Best 6 Months" of the year, you have an even sweeter spot: November - January.

The way I see it, if stocks couldn't fall during what is historically the worst time of the year, imagine how they'll do during a time where they're actually supposed to go up!

Here's how stocks did during the "Worst 6 months" of 2020: