Despite new recovery highs in the US and other international markets, India has been struggling in the short-term to maintain its upward momentum.

In this post, we're outlining some things that are important for Equities in the short-term and how we're approaching stocks on the long side.

From the desk of Tom Bruni @BruniCharting

Rotation is the lifeblood of any bull market, so what better way to use our "Chart of The Week" than highlighting the rotation into cyclical sectors that's currently taking place.

This week on Happy Hour w/ Traders, I chat with 2 of the best in the business: Brian Shannon and Joe Fahmy. We've all been friends for a decade and I still learn from both of them every single time we talk.

The way I see it, I'm having these conversations anyway, so may as well hit record so you guys can learn from them the same way that I do.

Check it out!

Jeff Macke is the guy I turn to whenever I have questions about the Consumer. Anything retail, restaurants, internet sales, he's the one we want to listen to. Jeff and I have known each other for many years and are friends with a lot of the same people. Here's an old clip I found of him and I talking about Gold & Silver back in January 4, 2012.

In this episode we talk about the restaurant stocks, pharmacies, which areas he wants to avoid and which ones he wants to own. He says the pair trade of the decade could very well be: Long Shaquille O'neil (Papa Johns $PZZA) and Short Kanye West (The Gap $GPS). This was a really fun conversation. I picked up some good ideas and had a few laughs.

I hope you enjoy!

Copper continues to rip to the upside, but one chart suggests that the entire Base Metals' space is making upward progress.

Today we're taking a look at that chart and what its implications are for Equities going forward.

From the desk of Steve Strazza @Sstrazza

For the week ended Friday, July 10, 2020:

Every week we publish performance tables for a variety of different asset classes and categories along with commentary on each.

This week we're going to highlight our US Index and Sector ETF tables, and focus on the laggards as they are giving us the most important information for the current market environment. Let's dive into it.

No surprises here... The Nasdaq $QQQ outperformed aggressively once again last week, booking a +4.7% gain while Mid, Small, and Micro-Caps were all lower. The Nasdaq is the only US Index that is higher over the trailing month.

As we head into the second half of the calendar year 2020, we start from scratch with our Q2 playbook and outline our thoughts on every asset class and our plan to profit in the quarter ahead.

Part 1 of this playbook will cover our macro view, touching on Equities, Commodities, Currencies, and Rates.

Part 2 of this playbook will delve deeper into Indian Equities, going sector by sector to identify the trends that matter.

Part 3 of this playbook will outline the individual stocks we want to be selling within the context of today's environment.

Part 4 of this playbook will outline the individual stocks we want to be buying within the context of today's environment.

Did you think it would be a historic stock market crash and a devastating global pandemic that would finally spark the rotation into emerging market stocks?

Yea me neither.

But here we are. 6 weeks of outperformance by Emerging Markets. Is this just another blip in the long-term downtrend for EM, particularly relative to US Equities?

We discussed this all in our NEW Q3 Playbook that was just published over the weekend.

Here's some perspective on the whole thing:

In early May we outlined the "Five Bull Market Barometers" we're watching to identify the beginning of a new bull market in stocks.

If you haven't read our initial post linked above, we'd encourage you to check it out so you understand what the rationale behind these five indicators is.

Now, let's see where these indicators ended the week.

This is our ASC Research Q3 Playbook.

The first section dives deep into the US Stock Market, and the second half covers International Stock Markets and FICC (Fixed Income, Commodities & Currencies).

You can skip right to the trade ideas here if you'd like, or give the full report a read!

As we head into the second half of the calendar year 2020, we start from scratch with our Q2 playbook and outline our thoughts on every asset class and our plan to profit in the quarter ahead.

Part 1 of this playbook will cover our macro view, touching on Equities, Commodities, Currencies, and Rates.

Part 2 of this playbook will delve deeper into Indian Equities, going sector by sector to identify the trends that matter.

Part 3 of this playbook will outline the individual stocks we want to be selling within the context of today's environment.

Part 4 of this playbook will outline the individual stocks we want to be buying within the context of today's environment.

From the desk of Steve Strazza @Sstrazza

Responses to this week's Mystery Chart were mixed. Some were betting on a breakout and buying while others wanted to fade this against the prior highs.

Others were waiting for more information, which is likely what we'd be doing. Thanks to everyone for participating.

But this chart is already packed with information. Let's dive in and talk about what it is.