This is the video recording of our October 3rd Monthly Charts Live Strategy Session

From the Desk of Alfonso Depablos @Alfcharts

Sellers have a hold on equity markets as internal weakness expands and downside momentum picks up.

When looking for evidence of additional downside risk, some of the most valuable information we have is in the price action of the weakest areas. The rationale is that they should break down first and lead the rest of the market lower.

With how poorly the smallest stocks have performed this year, the Russell Microcap Index $IWC is the perfect signpost to help us determine the next move for stocks. 

The chart below shows IWC resolving to the downside from a descending triangle formation. It just closed at its lowest level in roughly three years.

We have a big night ahead of us. Are you ready?

This only happens 12 times each year, where we get a fresh batch of Monthly Candlesticks and data sets.

It's that time again!

Tonight at 6PM ET I'll be hosting our LIVE Monthly Charts Strategy Session for Premium Members of All Star Charts.

What do we need to own as we head into the final quarter of the year?

What do we need to avoid?

Here are the final numbers for Q3. Energy won and Utilities lost again!

From the Desk of Steve Strazza @Sstrazza.

Welcome back to Under the Hood, where we'll cover all the action for the week ended September 30, 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.

From the Desk of Steve Strazza @sstrazza and Alfonso Depablos @Alfcharts

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.

From the Desk of Ian Culley @IanCulley

Precious metals no longer deserve the benefit of the doubt.

They no longer represent an opportunity cost, either.

No, gold and crew carry downside risk – nothing else!

What changed since last week? 

Gold futures undercut a critical level of interest…

From the Desk of Alfonso Depablos @Alfcharts

Coming into July, the Nasdaq 100 had already achieved record-setting returns through the first six months of the year. Over the past quarter, however, the trend has cooled off as stocks have struggled with overhead supply.

The same could be said for the relative trend as growth stocks have paused their advance versus the overall market.

The chart below shows the Nasdaq 100 versus Russell 3000 ratio coiling beneath a critical level of interest.

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 Ian Culley @IanCulley

I need to set the record straight.

Earlier in spring, I wrote a note highlighting wheat’s tendency to lead crude oil at key inflection points.  

While this statement is mostly true, it needs clarification.

Chicago wheat does have a tendency to lead crude oil at significant market tops. But crude leads at critical troughs.

Check out the crude oil overlaid with Chicago wheat futures:

Notice crude bottomed in Q1 of  2009, 2016, and earlier this year. Chicago wheat followed roughly six to nine months later, marking critical turning points in late Q3 of 2009 and 2016.

Will wheat do the same in 2023? 

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:

From the Desk of Steve Strazza @Sstrazza

Welcome to The Junior International Hall of Famers.

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-listed international stocks, or ADRs.

This scan is composed of the next 100 largest stocks by market cap, those that come after the top 100 and are thus covered by the International Hall of Famers universe.

Many of these names will someday graduate and join our original International Hall Of Famers list. The idea here is to catch these big trends as early on as possible.

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

This is our Junior International Hall of Famers list:

From the Desk of Alfonso Depablos @Alfcharts

The stock market has been under duress for the past two months as bears have taken control and driven the major averages to their lowest levels since early June.

Whether you look at the large-cap indexes or the strongest sectors and industry groups, they are all stuck below overhead supply.

And with price action continuing to deteriorate, many of these charts are now carving out potential short-term tops.