From the desk of Steve Strazza @Sstrazza.

Welcome to our latest edition of "Under The Hood." Read more about it here.

In this column, we analyze the most popular Robinhood stocks over the trailing week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.

This week we have a handful of trade ideas on the long side in a number of names that continue to exhibit impressive relative strength.

Let's dive into it. Here is this week's list of most popular stocks, measured by net increases in Robinhood accounts that hold shares.

Click table to enlarge view.

We'll take it from the top this week and begin with the #1 stock on the list. We've recommended Tesla $TSLA time and again this year as it has continued to achieve our price targets in impressive fashion.

With that said, the risk/reward is no longer what it was for this name so we'd...

Sometimes, the generous idea guys at All Star Charts just happen across something that immediately catches their eye and they post it up quick on twitter.

Today Steve Strazza offered this up on Virtu Financial $VIRT:

This is Virtu Financial $VIRT, a HFT which benefits from the wider bid/ask spreads and higher volumes that accompany periods of heightened volatility... price is attempting to break out above its YTD highs ~26 pic.twitter.com/1ZmRO29QwS

— Steven Strazza (@sstrazza) July 16, 2020

That base, and the low volatility in options immediately caught my attention too. These are my favorite setups: Blue skies up above coupled with low vol.

So I'm keeping it simple and swinging for the fences.

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!

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.

Here is a chart from our Q3 playbook which illustrates the strength from not only the Nasdaq 100 but also Technology $XLK and Semiconductors $SOXX. It's impossible to be bearish when all these charts are at all-time highs.

...

I'm really enjoying these virtual Happy Hours I've been doing with my friends. You guys seem to enjoy them so I'm happy to keep recording these chats. I'm having the conversations anyway right?

Stay tuned, I have some fun videos coming up with Bart in San Diego and another one with Joe Fahmy & Brian Shannon.

You can catch up on Happy Hours w/ Traders here.

• Howard Lindzon
• Dan Russo & Andrew Thrasher
• Kim Sokoloff & Joe Fahmy

Today I want to share a video of a...

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:

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!

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.

Over the past month I've shared a few happy hour videos with some of my friends. You can find the video with Kimmy & Fahmy here, and my happy hour with Russo & Thrasher here.

Today I sit down with Venture Capitalist and active trader Howard Lindzon. We talked about his favorite stocks, what he's buying now and why. He's very open to discuss what's in his portfolio and is never shy about telling you what he thinks! We discuss $MELI $SFIX $SQ $BABA and $PAGS.

Conversations with Howard are always fun and I learn something every time. I hope you enjoy!

Eyes are on the Gold Market. All-time highs do a great job of getting everyone's attention, especially if it hasn't happened in a while. We're going on almost a decade since precious metals hit their peak and completely collapsed. As bad as Gold did, Silver really got destroyed. To put things in perspective, from the March 2020 lows, it will take a 328% rally in Silver just to get back to where it was in 2011. 

Today, let's focus on Gold. Are we going to make all-time highs? What is the all-time high? Do we look at weekly charts, monthly charts, daily charts? What actually is "The All-time High in Gold?".

First, let's keep in mind that this conversation would not even be necessary if we priced Gold in any other currency outside of the US Dollar. The Dollar strength, which is the denominator in this Gold conversation, has held it back, compared to what it's done priced in other denominations.

Look at this table showing all of them already making new highs:

So why should...