We've outlined some headwinds for stocks in this week's "Three Charts For The Week Ahead", so this week we're looking for a short setup in a struggling sector.

We retired our "Five Bull Market Barometers" in mid-July to make room for a new weekly post that's focused on the three most important charts for the week ahead.

This is that post, so let's jump into this week's edition.

Did you see the Rare Earth Metals Index get back above its 2016 lows?

Should we even bother to acknowledge their existence? We have Tech in the US and don't have to go dumpster diving into these little tiny serial underperformers!

While that is certainly true, today I want to point to something that we haven't seen in a long long time: Rare Earth Metals NOT making new lows.

You see, this in and of itself, is a huge development. I'm pretty sure these stocks were designed to just always go down. It's like a slot machine, just keep putting money in, and you'll eventually lose it all. Rare Earth Metals stocks have kind of been like that been exactly like that.

BUT, this is no longer the case, IF we are above those 2016 lows:

What do we know for sure about New All-time Highs?

We know for a fact that they are NOT a characteristic of a downtrend. We've gone back and done the work, and as it turns out, New All-time Highs are normally things we see in uptrends!

With the S&P500 going out at New All-time Highs yesterday, and the Nasdaq making it now 3 months in a row of all-time highs, is the bet you want to make that we're in a downtrend for stocks?

This 10-month moving average strategy is one of the more simple, yet effective trend following systems that I know of. If the S&P500 closes the month above its 10-month moving average, we want to be long. If the S&P500 closes below its 10-month moving average, we do not.

From the desk of Steve Strazza @Sstrazza.

Welcome to this week's edition of "Under The Hood." You can read more about the column here.

What we do is analyze the most popular Robinhood stocks over the trailing week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them. This was a busy week so let's get right into it.

It was surprising not to see Facebook $FB on this week's most popular list heading into earnings. All the other big tech names were. We'll cover this more below.

From the desk of Tom Bruni @BruniCharting

My tweet this morning got some traction, so I figured I'd think out loud and give you some things to think about over the weekend.

This is Part 2 of my Happy Hour with Brian Shannon and Joe Fahmy. I learn something new from these guys every time we chat.

In this video we discuss the importance of Risk Management and why paying attention to our own emotions and behavior patterns is so critical.

Make sure to also check out Part 1 of this Episode.

One of our favorite ways of looking at a sector or industry group is by using equally-weighted charts.

A lot of "Home TV" stocks have been on the move, so we're going to take a look at what's happening and determine what's next for the group.

First, let's take a look at our equally-weighted custom index of Den Networks, Hathway Cable, Sun TV Network, TV18Broadcast, and Zee Entertainment. Prices did break down to new all-time lows during the March decline, but quickly reversed and took out the downtrend line from their 2018 highs. Now, prices are testing former support/resistance with momentum diverging negatively, suggesting a near-term pause is likely.

Click on chart to enlarge view. 

From the desk of Tom Bruni @BruniCharting

If you ask people what it would take for Small-Caps to begin outperforming you'll get a variety of answers. We need Financials to outperform. We need a weak US Dollar. We need a steeper yield curve. We need the moon to be in a waxing crescent. We need a miracle.

You'll have a lot of answers and a whole lot more confusion.

So in this post, we want to keep it simple and identify the two charts we're using to identify a sustainable turn in Small-Cap relative performance.

From the desk of Steve Strazza @Sstrazza

Every 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 give our outlook and some of the things we're watching for in the week ahead.

This week we're going to highlight our International ETF and Global Index tables, and focus on some of the rotation we're seeing into more offensive assets across the board. Let's dive into it.

Emerging Markets $EEM, particularly Latin America $ILF, continue to rebound strong. These two indexes were this week's leaders on our International ETF list but notice that they are also the top performers over the trailing one and three month periods.

Banks are the most important sector of the market so their performance, or lack thereof, gets our attention.

This week we're seeing some interesting headlines about industry heavyweights HDFC Bank and ICICI Bank.

Let's take a look at what's happening.

First, let's start with HDFC Bank, which continues to struggle with the 1,100 level of resistance on the daily and weekly chart. Notice how momentum also failed to reach overbought territory throughout its entire March-Present rally? Not exactly bullish action.

Click on chart to enlarge view. 

And here are some of the headlines we're seeing about the stock this week. Sold...to you?

We continue to focus on stocks that are showing relative strength and absolute price momentum. This week we're looking sticking with a sector that continues to work, Pharma.