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.

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

After months of selling pressure, the most widely followed commodity contracts are testing critical potential support levels.

More importantly, these support levels are the prior-cycle highs marked by the 2018 peaks. If there was ever a place where the bulls needed to step in and repair the damage this is it!

But, if these levels fail, we’ll have to rethink the structural uptrend in commodities.

Let’s run through the charts.

First, we have our commodity index that equal-weights the top 33 contracts in our universe:

Earlier this week, the index completed an 18-month top and broke to its lowest level since April 2021. This highlights the broad selling pressure across the commodity space and the need for a...

From the desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts

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 Kimmy Sokoloff

What a way to send off September and the third quarter.

But it was to be expected.

From the desk of Willie Delwiche.

Stocks & Bonds Make It Three In A Row

The Chart: 

In the past we've had bonds down for 3 consecutive quarters and we've had stocks down for 3 (or more) consecutive quarters. Since at least 1976, we have never before had stocks & bonds both down in 3 consecutive quarters.

Why It Matters: 

The lack of safe harbors in 2022 has taken a financial and emotional toll on investors. After the storm passes, some may want to re-evaluate their investment opportunity set and perceived risk tolerance.   

We've adjusted a position in the Paid-to-Play portfolio today:

This is the video recording of our September 30, 2022, All Star Charts Crypto Weekly Strategy Session.

Who's left to sell?

That's the question I find myself asking as we finish up the 3rd Quarter today.

(We'll discuss it all Monday night 6PM ET during our Live Monthly Charts Strategy Session)

Since the market peaked in February 2021, it's been a slow grind lower for stocks all over the world.

We're now approaching 20 months of this ongoing bear market.

It's no longer a secret that stocks are going down.

You can see it in the Put/Call Ratio hitting levels last seen at the 2018 and 2020 market lows:

From the Desk of Kimmy Sokoloff

As of now, the S&P 500 is still managing to hold onto the 3,600 level, and the $SPY is at 360.

Should we really break below 360, we can see 359, then 354.80. You can always trade long against the SPY 360 level and use 360 as a stop if you like.

The largest insider transaction on today's list is a Form 4 filing by LGP Management.

The firm reported a purchase worth roughly $12 million in the mid-cap electrical company WESCO International $WCC.

From the Desk of Ian Culley @Ianculley

Don’t let credit spreads fool you. 

High-yield debt hasn’t blown out relative to Treasuries. Regardless, the largest markets in the world are buckling under pressure.

You have to look outside the US and beyond high-yield corporate bonds to see the stress. Here are three cautionary data points to consider: European sovereign spreads, US bond market volatility, and the steep decline in investment-grade bonds.

When you weigh the evidence, it’s clear risks are rising for US markets. 

Let’s look at the charts!

First, here's a look at European sovereign spreads:

At first glance, these spreads look similar to high-yield spreads. They’re chopping sideways at or near their peaks from the 2020 crash. Nothing alarming or unusual from the countries at the highest risk of default – Spain, Italy, or Portugal. 

It’s a different story when it comes to the UK, as the spread between the UK-...

From the Desk of Kimmy Sokoloff

Yesterday is seeming more like a one-hit wonder, as the indices dropped hard today.

The $QQQ finally played catch-up to the $SPY and hit a new low.

This is the video recording of the September 29th, 2022, Weekly Town Hall w/ Willie Delwiche.

09/29/22 2:00 PM ET

From the desk of Willie Delwiche.

The market is enduring a volatile week, finishing out a chaotic month in what has been an unprecedented year.

• Safe havens have offered no safety as cross-asset correlations have turned positive and balanced portfolios are enduring their worst year since the 1930’s.
• This week, underwater explosions have ruptured gas pipelines in the Baltic Sea, while a massive hurricane has crossed from the Gulf of Mexico to the Atlantic Ocean, leaving a trail of devastation in Cuba and Florida. 
• Stocks are now trading at their lowest level in two years and the British pound has sunk to its lowest level in two centuries.

Dismissing all of this as merely challenging seems trite. Acknowledging the difficulty of the environment helps chart a path for moving forward.

We've adjusted a position in the Paid-to-Play portfolio today:

You see what just a little bit of Dollar weakness does to this market?

I'm telling you. I'm not making this up.

Now here's the thing. Let's remember that extreme volatility IN BOTH DIRECTIONS is commonly found near turning points.

Last time the US Dollar Index had a single day GAIN as large as Friday's was 3/19/20.

Last time the US Dollar Index had a single day LOSS as large as Wednesday's was 3/26/20.

The Dollar Index peaked on 3/20/20. Stocks bottomed the very next trading day on 3/23/20.

Here's a look:

From the Desk of Kimmy Sokoloff

Futures are lower this morning.

Hopefully, we're digesting yesterday's big move in the indices.

For this week's trade, we're Selling the BRKB November 260 Puts Naked

Get the full details, risk management procedures and targets for this trade here:

Just as we’ve been wondering if that was it for Warren Buffett and Occidental Petroleum $OXY, the largest insider buy on today's list is a Form 4 filing by Berkshire Hathaway $BRK.A.

Buffett revealed another purchase in OXY, as he continues to build his position in the energy stock.