We’ll lead off today with an update on the big activist story we’re all paying attention to.

After meeting last week to discuss Elon Musk’s takeover offer, Twitter’s $TWTR board announced the adoption of a “poison pill” that makes it economically untenable for Musk to acquire more than 15% of outstanding shares.

It’s also being rumored that Musk is considering taking on partners for his bid for the company.

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

Commodities are off to another record year -- and it’s only April!

Crude oil and friends are leading the charge as the energy-heavy CRB Index is up 34% year to date. 

Oil ripped above 100 in February and has been in a corrective phase since. The energy complex remains red-hot though, with natural gas futures breaking to fresh 13-year highs this week.

While crude oil finds its footing, its derivatives -- heating oil and gasoline, are coiling just beneath all-time highs and gearing up for some massive base breakouts.

We’re also seeing some bullish data points for the broader oil and gas industry as crack spreads are expanding and signaling a healthy demand for black gold. This bodes particularly well for oil refiners.

All of this price behavior is what we like to call rotation.

It's an essential characteristic of any real bull market, and it’s exactly what we’re seeing from commodities these days.

In fact, we’re even seeing...

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 adding our...

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:

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From the desk of Steve Strazza @Sstrazza

We've discussed a number of new setups during our live strategy sessions the past two weeks. 

Today, we’re going to reiterate some of our favorites that are still actionable.

Click here to watch the replay of Wednesday’s call if you missed it.

We also have a new name from the oil and gas space that just broke out to fresh highs following some insider buying earlier in the year. 

Commodity stocks keep working and insiders keep buying them. As long as this is true, we’re going to keep buying them too.

Before we get to our new setup, let’s recap some existing trade ideas.

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

Treasury Bonds have collapsed in recent months as interest rates have rallied to their highest levels in years.

And it’s not just treasuries, the trend is lower for corporate bonds as well.

While fixed income markets have experienced steady selling pressure since 2021, downside volatility has accelerated in recent months. Following the worst Q1 returns in decades, bonds have continued to plunge to kick off the 2nd quarter.

The best way for us to take advantage of this is to keep finding clean setups to short.

Today, we will outline a couple of shorts in high-yield debt and discuss what a sustained downtrend for these bonds could mean for the broader market.

First up is the High-Yield Corporate Bond ETF $HYG:

HYG completed a topping pattern earlier this year and has been following through lower ever since. Price is currently challenging a critical level at the 2018 lows ~80. 

We want to sell a break below that level with a...

In a letter to the board of directors, Elon Musk has made an unsolicited bid to buy 100% of Twitter $TWTR in an all-cash deal.

He’s offering $54.20 per share, which represents a 54% premium from when he began investing in the stock and a 38% premium from the time it was announced.

From the desk of Steve Strazza @Sstrazza

Welcome to the 2 to 100 Club.

As many of you know, something we've been working on internally is using various bottom-up tools and scans to complement our top-down approach. It's really been working for us!

One way we're doing this is by identifying the strongest growth stocks as they climb the market-cap ladder from small- to mid- to large- and, ultimately, to mega-cap status (over $200B).

Once they graduate from small-cap to mid-cap status (over $2B), they come on our radar. Likewise, when they surpass the roughly $30B mark, they roll off our list.

But the scan doesn't just end there.

We only want to look at the strongest growth industries in the market, as that is typically where these potential 50-baggers come from.

Some of the best performers in recent decades – stocks like Priceline, Amazon, Netflix, Salesforce, and myriad others – would have been on this list at some point during...

This is the video recording of our April 13, 2022, Inside Scoop Weekly Strategy Session.

The largest insider transaction on today’s list is a Form 4 filing by Jan Barta of Pale Fire Capital.

Barta continues to grow his position in Groupon $GRPN, as this is the second large Form 4 filing in the last two weeks.

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

The turmoil in equity markets has stolen all the attention since last year. But stocks aren't the only asset class that's a mess. We're getting the same kind of mixed signals and sloppy price action from forex markets.

While stocks remain under pressure, currencies have been throwing head fakes and dishing out whipsaws all year long. The AUD/USD broke to fresh nine-month highs just last week only to reverse 200 pips by Friday’s close.

We're seeing this type of action from currencies all over the world. It’s hard to trust a breakout these days. As frustrating as these failed moves may be, there are some clean chart patterns and favorable setups shaping up right now.

One area where the trend is very clear is the Japanese yen. Just about anything priced in Yen has been rallying recently as the currency continues to collapse.

Today, we’re going to highlight the massive base in the USD/JPY.

Lets’ dive in.

Here’s the weekly chart of the USD/JPY cross:

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Abdiel Capital Management LLC reported a $2.6 million purchase in the cloud computing and enterprise software stock Appian Corporation $APPN.

The firm now owns more than 5.9 million shares, representing a 15% ownership interest.