From the desk of Steve Strazza @Sstrazza

Thanks to everyone for the feedback on this week's Mystery Chart. We had a lot of good answers this week. Many respondents were cautious of the waning momentum but on balance, most of you were buyers. We are too.

It was a chart of the iShares MSCI Netherlands ETF $EWN which just broke out of a 13-year base to fresh all-time highs (shown below).

But it's not just the Netherlands making new record highs, the All-Country World Index $ACWI just made new all-time highs as well. There aren't many things more bullish than World Equity Indexes trading at their highest levels in history.

In this post, we'll highlight the positive breadth characteristics we're seeing within Global Equity Markets and outline trade setups in some of the strongest countries around the world- including the Netherlands, as a way to express our bullish thesis.

But first, here's why we're so bullish on International Equities in the first place. Check out these new highs for ACWI.

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One of the things I preach in the All Star Options service is to manage risk by defining risks up front or having strict stop loss levels in place. And on the flip side of that equation, I also repeat over and over the need to remove risk from winning trades when given the opportunity -- particularly in long call or put plays.

When holding long calls or puts, my rule of thumb is to always sell half of my position when I've doubled my money.

Salesforce, Amgen, and Honeywell were all welcomed into the Dow Jones Industrial Industrial average this week. And all three are being greeted by enthusiastic investors. (Especially Salesforce $CRM!)

While the first two names are in sexy industries, don't sleep on Honeywell $HON. Here's what JC said in a recent post on the new Dow additions:

Here’s a chart of Honeywell, which I’m not sold on yet. I think it does break out, but I think this is only something to be long if we’re above 165. Below that and there is too much opportunity cost, I believe.

Gold made new all-time highs this summer. That was pretty cool. Hadn't seen that in almost a decade.

Some people always like buying gold. They joined some secret society once where they convinced themselves it was part of a "diversified portfolio". I don't know what kind of strategy that is, but it was a really shitty one for a long time.

That all changed earlier this year when Gold Miners $GDX finally broke out above 31, which had been our key levels for years. And the metal itself broke out above 1580 or so which had been our equivalent level there.

Our initial price targets were hit last month so I called Sean over on our Options desk and he suggested an easy strategy to bet on a pause in this uptrend: When The Ducks Are Quakin' (Gold Bugs), We Feed Them!

Our profit targets were hit today in this volatility fade in Gold.

You can learn more about All Star Options...

From the desk of Tom Bruni @BruniCharting

A weak US Dollar has been a big theme of ours since it broke down a few months ago...and this week it's back in focus.

Let's take a look at the chart and discuss why it needs to be on your radar in the days/weeks ahead.

Don't Fight Papa Dow

That's how I learned it. You'll hear my friend Ralph Acampora say that all the time!

"You Never Want To Fight Papa Dow"

My interpretation is that there is wisdom in the Dow Components. If you want to know which way the market is headed, focus on those 30 stocks.

I'm not going to get into the discussion about whether the Dow is the best index or not. I've made my case before and stand by it today more than ever. If you have a problem with Dow Jones or Standard & Poors, stop complaining about it and just go build a better index. It's not that hard. We do it every day.

The Dow Jones Industrial Average, however, is a perfectly good index and gauge of stock market strength or weakness. One of the best parts is that there are only 30 components!

Hellooo??? Do you want to go through 500 stocks? Or 3000 in the case of the Russell3000?

From the desk of Steve Strazza @Sstrazza

New Mystery Chart!

For those new to the exercise, we take a chart of interest and remove the x/y-axes and any other labels that would help identify it. The chart can be any security in any asset class on any timeframe on an absolute or relative basis. Maybe it’s a custom index or inverted, who knows!

We do all this to put aside the biases we have associated with this specific security/the market and come to a conclusion based solely on price.

You can guess what it is if you must, but the real value comes from sharing what you would do right now. Buy, Sell, or Do Nothing?

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 relative strength trends at play and preview some of the things we're watching in order to profit in the current market environment.

This week, we're going to highlight a number of critical Stock Market Indexes and Sectors, as well as assets in the FICC Markets that are approaching logical levels of overhead supply and pose the question... "Are risk assets due for some corrective action or consolidation?"

I think whether you're bullish or bearish, we can all agree that if the world is coming to an end, financials will be front and center leading the march down to zero.

What if it's like this?

From the desk of Louis Sykes @haumicharts

Welcome to this week's edition of the 'Louis' Look' column.

Every week I write a piece documenting what I'm learning through my internship at All Star Charts. You can read the previous post here. This week's edition is a shorter one to keep on today's theme of simplicity, so let's jump right into it.

JC, What do you mean rotation into the Dow Jones Industrial Average?

This is a bubble!

It can't possibly be the beginning of the Dow's move.

Wait, can it?

Well, despite all the hype about a bubble and the ridiculous rhetoric about a dislocation between wall street and main street, the Dow Jones Industrial Average hasn't really done much the past 10 weeks. It hasn't made much progress at all, even if you include the past 2 weeks of gains. In fact, the last 2 weeks are all the gains since early June.

Meanwhile, the Dow Jones Transportation average has been the leader and broke out above those former June highs a while ago:

From the desk of Steve Strazza @Sstrazza.

Welcome to this week's edition of "Under The Hood."

What we do is analyze the most popular 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.

We have some new additions coming for how we generate the list of most popular names, which we'll explain more each week as we add new data sets. There are so many new data sources popping up that all we need to do is organize them in a way that shows us exactly what we want: A list of stocks that are seeing an unusual increase in investor interest.

The S&P 500 finally achieved new highs this week. The market is clicking on all cylinders as breadth and participation continues to broaden, and favorable risk/reward setups are popping up all over the place. Let's dive into the most popular tickers this week and see what's going on "under the hood" in these hot names.

Here's this week's list. Now that we no longer have Robinhood data, it's being derived...