From the desk of Steve Strazza @Sstrazza

Thanks to everyone who participated in this week's Mystery Chart. Most of you either wanted to buy or do nothing and wait for more information.

The chart was the iShares Global Silver Miners ETF $SLVP. We're bullish metals so we agree and want to be buying this over the long-term as well.

With that said, we want to be cautious at current levels for reasons we'll outline in this post. First, let's look at the updated chart.

I feel like at this point if they're not on my podcast, I'm on theirs. It's pretty funny when you think about it.

The idea here is to just continue the conversation. It's been a habit of mine for decades. Whether it's over dinner, cocktails, on someone's podcast, video, doesn't matter. I've found it really helpful to talk to smart people on a regular basis.

One of the things I enjoy most is learning more about technology, particularly fintech, and what sorts of tools we're going to use in the future. This is the greatest time to be alive in human history. I'm on the edge of my seat every day waiting for what's next. In some cases, we're the ones building what's next, and that's also really cool to watch. The way I see it, if we're not investing in Technology, it's a big mistake. We know what we think will be helpful to us internally better than anyone else. So why shouldn't we just build it? (we're looking to hire 2 more engineers: Ping Me).

Howard Lindzon is one of the guys I've always turned to with questions about all of the above: Fintech, Trading tools and what's in store for the next 5...

This is a behind the scenes video of our team meeting held on July 6, 2020 4PM ET.

Every quarter we put out our Playbook focusing on the most important themes around the world to take advantage of, and just as importantly, which areas to avoid. This is usually about 150 pages and really dives deep into stocks, rates, commodities, forex and the intermarket relationships between all of them.

I hope this gives you some perspective on how we approach markets using our Top/Down Approach. We've always found it helpful to understand where people are coming from and why they say certain things. I hope this can give you some of that context about us. I think it also helps you get to know our team a little better. Enjoy!

Anyone who traded in the late 90's only referred to Microsoft stock as "Mister Softee." It was stupid, as many stock nicknames were, but that's what it was. And you seemingly couldn't go a day without hearing "Mister Softee is making new highs!" from summer 1998 until early 2000.

I almost have PTSD from it.

Fast forward to today. Microsoft doesn't get the same media attention today as it did back then, now being overshadowed by the Amazons, Facebooks, Googles, Apples, and Teslas, of the world. But the price action is definitely giving me flashbacks.

And the ASC research team has a gaudy 323 price target for Microsoft $MSFT over the next several months which has me interested in playing along with options.

From the desk of Tom Bruni @BruniCharting

We've been waiting patiently for Treasuries and other Sovereign Debt to make a move after flatlining since April.

Yesterday JC pointed out that US Rates made new all-time monthly closing lows, so let's take a look and identify how we need to be responding.

This is the video recording of our August 4th 2020 Monthly Charts Live Strategy Session

From the desk of Louis Sykes @haumicharts

I’ve been incredibly fortunate to become the latest intern here at All Star Charts and as a part of the role, I’ll be writing a weekly note for the blog - documenting what I’m learning about technical analysis from the perspective of an intern.

Without further adieu, let’s jump into what stuck out to me this week.

Welcome to my new Monthly show that I'm doing with my friend Josh Brown. He is one of the most widely followed Financial Advisors in the country, and someone who I've been arguing with about markets for the better part of 2 decades.

Every month I'll bring a handful of the the most important Monthly charts that stood out during my review. In our first episode, I wanted to discuss the S&P500 making new all-time highs, Transports leading the way in July, Rates hitting new all-time lows and Bitcoin starting a new breakout.

This is the chart that I think tells the July story best. The further to the left the asset is, the closer it is to a new a 52 week high. The higher up the asset, the better its performance in July. Notice Transports in the upper right: Relative weakness overall, BUT the best performer this month, followed by Emerging Markets, Gold and base metals. The lonely US Dollar down below stands out doesn't it? 

This weekend we got a fresh batch of new Monthly Candlesticks. If you're not using these charts to help you identify primary trends, I think you're doing yourself a disservice. I rarely push a particular strategy or process. I usually just like to present the data, give you my conclusions, and then let you decide how, or if, you want to use it.

But for this, I don't care who you are, Monthly Charts are an invaluable tool. Even if you're a short-term trader or swing trader, we want to put all of that work into context, recognizing the major trends that are in place. Trust me, go build your own list of the most important charts and flip through them just once at the end of each month. I challenge you to start doing that every month and then come and tell me that it's not helpful. I dare you!

Anyway, every time I go through this exercise, there are always a few things that stand out. This time around, I'd be remiss if I didn't point out the new All-time lows in US Interest Rates. Whether you're looking at...

This week on the show I ask Howard about what Trading is going to be like in the Future. What are the hours like? How will we execute orders and on what kind of exchanges? This was really fun and something I rarely get to chat about in Public. I hope you enjoy this conversation as much as I did.

Check it out:

From the desk of Steve Strazza @Sstrazza

Every 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 give our outlook, as well as some of the things we're watching for in the month ahead.

With July just coming to a close, we're going to focus on that month's returns for insight into the near-term and analyze a variety of monthly charts in order to view the recent performance within the context of the underlying trends.

This week, we'll highlight the broad-based bullish performance across just about every asset class in July, as well as one of the tailwinds for this which was the weak US Dollar.

Here is our list of International Indexes. We continue to see outperformance from the US, China, and other areas of Asia such as Taiwan (which is not shown in the table, but made new all-time highs this month). The Shanghai Composite and Wilshire 5000 are outperforming their peers with significant gains over every timeframe.

...

From the desk of Tom Bruni @BruniCharting

Friday afternoon we discussed some of the potential headwinds for Crude Oil, Copper, and other risk assets.

After doing my International Chartbook review over the weekend, I wanted to share some of the things we're seeing and what it means for Equities as an asset class.