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 Steven Strazza @Sstrazza and Ian Culley @Ianculley

Markets trend. Trends persist. 

Those crucial Dow Theory tenets form the foundational premises of technical analysis.

As technicians, identifying trends is a central component of our work.

But, most of the time, markets remain range-bound, as we experienced during the choppy mess that dominated the stock market and so many risk assets last year.

However, during that time, commodities continued to rip higher.

Now that the rally in raw materials is reaching significant areas of overhead supply, it would make sense for this leadership space to follow stocks and enter a corrective period.

In other words, the uptrend in commodities that has persisted since 2020 is likely to take a breather and turn into a sideways trend.

Let's talk about it.

Here’s a weekly chart of the CRB Index running into...

This is the video recording of our May 20, 2022, All Star Charts Crypto Weekly Strategy Session.

From the desk of Steve Strazza @Sstrazza

Our Hall of Famers list is composed of the 150 largest US-based stocks.

These stocks range from the mega-cap growth behemoths like Apple and Microsoft – with market caps in excess of $2T – to some of the new-age large-cap disruptors such as Moderna, Square, and Snap.

It has all the big names and more.

It doesn’t include ADRs or any stock not domiciled in the US. But don’t worry; we developed a separate universe for that, which you can check out here.

The Hall of Famers is simple.

We take our list of 150 names and then apply our technical filters so the strongest stocks with the most momentum rise to the top.

Let’s dive right in and check out what these big boys are up to.

Here’s this week’s list:

And here’s how we arrived at it:

• We filtered out any stocks that are below their May 10, 2021, high, which is when new 52-week highs peaked...

From the desk of Willie Delwiche.

The S&P 500 has now declined for seven consecutive weeks and on Friday passed the 20% pullback threshold (and on cue “Bear Market” headlines sprouted like dandelions in Spring). This is the index and its so-called “generals” (the mega-cap stocks that have the greatest weighting) catching down to what has been happening beneath the surface for months. Coming into this week, the average NYSE stock was down over 30% from its high, with the average NASDAQ stock down more than 45%. This week brings us to 26 consecutive weeks of more stocks making new lows than new highs. 

The mega-cap S&P 100 (OEF) is making new lows while the small-cap S&P 600 (IJR) is not. Even more dramatic is the ratio between IJR and OEF (small-caps / mega-caps). Here, the May low was above the April low, which in turn was above the February low. The pattern of higher lows is established and the ratio is testing its March highs. While the headlines are about weakness in the index, the story is that relative strength is being established beneath the surface.                    

...

From a directional standpoint, there currently aren't any stock ideas on the board that are getting me excited to get involved in either direction. Bear markets can do that.

However, from an options premium selling point of view, there are some good opportunities out there. But best to stick with instruments that are showing signs of at least some near-term support and resistance.

One such instrument is in the interest rates space.

The next new trade in our Paid-to-Play portfolio is:

The largest insider transaction on today's Hot List is a Form 4 filing by the co-founder and director of Coinbase Global $COIN, Fred Ehrsam, who reported an additional $25 million purchase of his own stock.

This is the video recording of the May 2022 Mid-month Conference Call.

We discussed:

• The average stock down 30-45% depending on the exchange
• Most consecutive weeks of more new lows than new highs since 2008
• How will US Dollar near former highs impact stocks
• Energy Stocks & Commodities at a Critical Juncture
• Major Bond Futures Contracts at Key Support: 2s, 5, 10s & 30s
• Consumer Discretionary the worst performing sector
• New Short Ideas in Growth
• Stocks Showing Relative Strength bucking the trend
• International weakness - stocks are below overhead supply
• Commercial Hedgers continue to buy Energy Futures
• Precious metals underperforming stocks and commodities
• Chilean Lithium continues to shine
• Agriculture stocks and commodities still trending higher
• A look into some recent insider transactions
• Crypto at key support levels, similar to the bond market

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

Bonds are digging in at some familiar levels.

For years now, we’ve pounded the table about the importance of the 2018 highs for various risk assets.

That’s because those former highs marked significant peaks for both the stock market and certain procyclical commodities and currencies during the last cycle.

As far as the bond market is concerned, 2018 was also when yields peaked. Benchmark rates in the US are testing these old highs.

As such, it’s not the 2018 highs but the 2018 lows that we’re paying attention to when analyzing the prices of Treasuries.

A handful of bonds and bond funds are trying to find a bottom at these key former lows right now. 

Let’s take a look.

Here’s a chart of the 20+yr T-Bond ETF $TLT:

After completing a multi-year head-...

This is the video recording of the May 19th Weekly Town Hall w/ Willie Delwiche.

05/19/22 2:00 PM ET

From the desk of Willie Delwiche.

“It isn’t even a bear market yet.” 

I heard that from someone earlier this week. I also read it somewhere else earlier today. 

I know what they mean, but the comment left me shaking my head anyway. 

Many are reluctant to call a bear a bear until the pullback exceeds 20%. I wrote about the shortcomings with this approach a few weeks ago. But old habits die hard. For now, with the S&P 500 down “only” 18% from its January peak, this current period is still being labeled a correction.

We debuted a new scan recently- The Outperformers.

The Outperformers is our newest scan that pinpoints the very best stocks in the market. It’s the fastest, easiest way to find quality names that are primed for major moves.

The goal is that as the market rally progresses, the sector rotation within the market will reflect in this scan. So while our Top/Down Analysis helps us with the broader view of the market, this Bottom/Up scan makes sure that we catch the slightest change in sentiment.

From the desk of Louis Sykes @haumicharts

Following the collapse of Luna's stablecoin, TerraUSD $UST, it's called into question the validity of its counterparts.

Tether $USDT and USD Coin $USDC have experienced notable volatility since this event.

We recommend you read Glassnode's latest report 'Unstable Coins' -- it's a great primer on what's happening.

But when it comes to down to the question "is Tether safe?", the consensus can get awfully confusing. Tether FUD has always been present, but it particularly ramped up in response to an anonymous post published on Medium, "The Bit Short: Inside Crypto’s Doomsday Machine". In fact, this piece was so significant that Bitcoin sold off over 10% in day following its release.

As technical analysts, we often like to stay in our lane and keep it simple. But given this topic is hot property right now, we thought we'd share something that...

The next new trade in our Paid-to-Play portfolio is:

The largest insider transaction on today’s list is a Form 4 filing by the media holding company National Amusements, which reported a $20 million purchase of Paramount Global $PARA.

National Amusements now owns over 32 million shares of PARA, which represents an ownership stake of about 5%.

From the desk of Steve Strazza @Sstrazza

When investing in the stock market, we always want to approach it as a market of stocks.

Regardless of the environment, there are always stocks showing leadership and trending higher.

We may have to look harder to identify them depending on current market conditions… but there are always stocks that are going up.

The same can be said for weak stocks. Regardless of the environment, there are always stocks that are going down, too. 

We already have multiple scans focusing on stocks making all-time highs, such as Hall of Famers, Minor Leaguers, and the 2 to 100 Club. We filter these universes for stocks that are exhibiting the best momentum and relative strength characteristics. 

Clearly, we spend a lot of time identifying and writing about leading stocks every week, via multiple reports. Now, we're also highlighting lagging stocks on a recurring basis.

Welcome to the Short Report.

We'll publish this...

From the desk of Louis Sykes @haumicharts

The level of transparency in Bitcoin and crypto as an asset class allow us to gain deep and actionable insights that aren't possible in traditional markets.

As we begin incorporating more of this high-level, sophisticated data as a supplement to our technical analysis, it often allows us to express greater conviction when the setups emerge.

In what's become common in our weekly letters we publish on Monday, a good portion of our crypto macro thesis is being driven by the signals we're seeing on-chain.

Whether we're whale watching, analyzing HODLers, looking at coin maturation, studying spending habits, measuring profitability, or using a wide number of other metrics, we're learning a ton of valuable information we'd kill for in traditional markets.

As any good technician, when it comes to equities, we take a lot of data sets with a grain of salt. Often, the CEO, management, or the auditors themselves are lying or simply overlooking important details.

It's why we have to manually pour through thousands of datasets in our internal scans to get the cleanest, most reliable data to...

From the desk of Willie Delwiche.

Key Takeaway: The disconnect between what investors say and what they do continues to be overlooked by sentiment indicator tourists. While consumer sentiment (what they say) is near its lowest levels on record, household equity exposure (what they are doing) remains elevated. Moreover, many are trying to call peak pessimism (with no evidence that it has reversed) as a catalyst for a market bottom (with no evidence that the conditions for a sustainable rally are in place). Sentiment is a condition and that condition right now shows fear and concern continuing to build. Being contrary to a crowd that has not turned can lead to getting trampled.

Sentiment Report Chart of the Week: Learn Volumes By Looking Beneath The Surface

We balance how investors say they feel with how they act. We can do the same with the market, balancing surface-level price action against what we see when we dig beneath the surface. This seems all the more important amid the crescendo in calls that the market has...