These are the registration details for our live monthly conference call for Premium Members of All Star Charts.

This month’s Conference Call will be held on Monday March 15th at 6PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.

Here are the details for Monday night:

From the desk of Willie Delwiche.

Key takeaway: Sentiment shifts last week seemed more reflective of weakness in the headliners than the new weekly closing highs in the equal-weight S&P 500. This is a healthy development, especially for active investors who are seeing the market coalesce around a new leadership group while optimism comes off a boil. For passive investors, the pain of loss is more acute. This risk for the market overall is that diminished optimism morphs into more meaningful pessimism and breadth digestion turns to sustained deterioration. We have not seen that. Even as options data shows more concern and weekly sentiment surveys turn more neutral, fund flows continue to display optimism. When this reverses, risks are likely to rise. From a strategic positioning perspective, risks are elevated and passive investors may just be starting to feel uncomfortable.

Sentiment Chart of the Week: XLE/XLK Ratio

Rotation out of the...

From the desk of Steve Strazza @sstrazza

At the beginning of each 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 absolute and relative trends at play and preview some of the things we’re watching to profit in the weeks and months ahead.

Rotation into value is dominating the narrative right now as money continues to pour out of the former leaders and into long-term secular laggards like Financials and Energy.

In line with this trend, we continue to focus less on US Large-Caps and Growth, and instead look for opportunities in SMIDs, Cyclicals, and International stocks.

Overall, the global equity market remains healthy, supported by strong breadth and rotation. Meanwhile, defensive assets like Gold and Bonds continue to underperform.

We've really been hitting on these themes a lot recently. Here's a quick recap of what we're seeing out there:

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So here's the question, with the inevitable mean reversion for growth and tech, will you take that opportunity to lighten up on any growth & tech you have left to buy more value?

Or will you double down on the growth and ignore value stocks?

From the desk of Willie Delwiche.

Key Takeaway: Crowded trades have come back to earth, but average stock and cyclical industry groups are making new highs. Economic momentum is building as recovery accelerates. Bond yields are still rising and long-awaited leadership rotation remains underway.

The leadership rotation continues in earnest. From a sector perspective, Technology dropped four spots last week and is on the cusp of falling out of the leadership group for the first time since 2019. Consumer Discretionary dropped another two spots and except for Utilities, would be in the last place in the rankings. Gaining strength this week are Communication Services and Materials. Beyond all the improving and deteriorating conditions seen at the industry group level across market cap levels, our rankings show a consistent theme: 8 of the top 10 groups (and none of the bottom 10) are small-caps and 8 of the bottom 10 groups (and none of the top 10) are large-caps.

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 longer-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 5-9 years.

Introducing the Young Aristocrats. We like to say these are “stocks that pay you to make money”. Imagine if years of consistent dividend growth and high momentum & relative strength had a baby, leaving you with the best of the emerging dividend giants that are outperforming the averages.

By adding our technical analysis to the mix...

Bitcoin is a market that we are very fond of here at Allstarcharts. You've heard me say it plenty: it's a beautiful case study for Technical Analysis.

It's not a company. There are no fundamentals.

And you guys have watched us analyze the behavior of Bitcoin and other Crypto Currencies since early 2016.

It's been pretty amazing to watch and participate in a new market like this. They were telling us we were late to the party back then. They're still saying the same thing now.

My bet is crypto is here to stay. So who better to have a conversation with than Greg King, Founder & CEO of OSPREY Funds, the newest vehicle to give investors access to this market.

This is probably one of the...

The latest Under the Hood Report is out, and as always, there are a number of good trade candidates. But the one that most caught my attention is a name that typically isn't on the radar of momentum buyers. When it's threatening new all time highs, we have to consider participating.

We are in the midst of a bull-run and the events over the last ten days or so have sprung up some doubts over the current move with regards to the repercussions of the rise in bond yield and the US dollar.

We included the US Dollar(DXY) chart in the Three Charts for the Week ahead post since DXY moved past its resistance in the week gone by. Let's take a look at how this had panned out in the past and what are the signals that we can identify in the present.

The chart below tracks DXY and Nifty 50 over the past 20 years. Note that we are looking at the subsequent move in Nifty 50, following the bottoming out of DXY. The dashed lines mark the reversals in DXY, which is what we're tracking here. Of the seven instances where we've seen the bottoming out of DXY, Nifty 50 has continued to rally on four such occasions.

On three occasions the negative correlation plays out as can be seen in the years 2000, 2008 & 2015.

Click on chart to enlarge view.

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From the desk of Steve Strazza @Sstrazza.

Welcome back to our “latest Under The Hood” column for the week ending March 5, 2021. As a reminder, this column will be published bi-weekly moving forward, and rotated on-and-off with our new Minor Leaguers column.

In this column, we 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.

Whether we’re measuring increasing interest based on large institutional purchases, unusual options activity, or simply our proprietary lists of trending tickers… there is a lot of overlap.

The bottom line is there are a million ways to skin this cat. Relying on our entire arsenal of data makes us...

From the desk of Steve Strazza 

Don't miss this weeks Momentum Report; our weekly summation of all the major indexes at a Macro, International, Sector and Industry Group level. As a reminder, we analyze this shorter-term data within the context of the structural trends at play.

The Canadian economy is dominated by Financials and has a diverse and abundant exposure to natural resources. Despite the close proximity, the composition of the country's stock market couldn't be more different from that of the US.

They have a much higher relative exposure to areas like Financials, Energy, and Materials... Basically, all the things that are working.

On the other hand, they have significantly lower exposure to areas like Technology, Health Care, and Discretionary... Basically, all the areas that are NOT currently working.

Long story short, considering the current backdrop of global economic growth and reflation, rising rates and commodity prices, and rotation into cyclical areas and...

This week we're looking at a long setup in the Industrial Manufacturing 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.

You see, just because you and your crazy friends have way too much U.S. Large-cap Growth exposure, doesn't mean the stock market is in a correction.

Stocks can do very well while Tech and Growth severely underperform.

May I remind you that Tech was the leader early in the recovery back in 2002-2003. And then handed over the baton to everyone else:

It was John Roque who taught me this so many years ago. At least a decade if I had to guess.

We're NOT in a reversion to the mean business. This is a reversion BEYOND the mean business.

In other words, assets don't just get back to what is "average". They tend to overshoot. And that's the norm, not the exception.

This mean reversion we've seen in energy could be just that, a reversion back to the average. But if I've learned anything over the years, these things tend to overshoot.

We've been very vocal about this Value rotation, of course. But coming into the weekend, the big question I pose to myself, my team, and the market for that matter, is this:

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There's nothing like a good bubble popping to throw a wrench in everyone's plans.

The passive investor bubble popped. They're getting smoked and I think it only gets exponentially worse for them moving forward.

The U.S. home country bias is a bad one too. That one looks like it popped and about to get a whole lot worse for people who think the United States and The World are the same thing.

Bonds going up for 40 years? That's normal right? It's too early to call a generational turn. We can't make that call until 10s are holding above 3%. But it sure looks like that was it.

Meanwhile, the "Lack of Commodity Exposure" bubble is very apparent. I got in this business back in the day and was taught that there were 3 asset classes:...

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

When reviewing our chartbook this week, one major theme that stood out is the relentless bid we continue to see in Crude Oil.

Most risk-on commodities have consolidated or pulled back recently as the dollar has rebounded back to its highest level in over three months.

But, not oil...

Crude has completely ignored this action from the US Dollar and tacked on an additional 12% gain since DXY bottomed about two weeks ago.

Ever since trading at negative prices last spring, Crude has been on an absolute tear.

Price just broke above its key prior highs and closed the week at its highest level since 2018. As long as Crude is above this key former resistance around 65 the bias is higher and we're targeting the 2018 highs just above 75 over the near-term.

If and when price takes this level out, we think Crude Oil heads back toward 100.

That's right. The next stop after 75 would be the 2011-2014 highs in the low...

From the desk of Willie Delwiche.

The monthly jobs report always gets a lot of attention. Headlines usually focus on the number of jobs added (or lost) in the month and the unemployment rate. Occasionally, the hourly earnings number will be quoted and even more rarely there will be a mention of average weekly hours worked. While the noise focuses on the payroll number (+379,000 in February), more important news is that this accompanied a contraction in the average weekly hours number. The combination of these is the aggregate weekly hours index, which fell in February to its lowest level since September and remains more than 6% below its peak. If the US economy is on a sustainable road to recovery, this index should start to move meaningfully higher in the months ahead. It’s something I’ll continue to be watching.