This week we're looking at a long setup in the Chemicals sector. When more analysis processes point in the same direction, that direction becomes hard to ignore.

We have one such stock for this week's actionable idea.

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.

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

Commodities continue to churn as they digest recent gains. This has been a recurring theme over the past several weeks.

However, there are signs that this might be changing.

For instance, Lumber pushes to new all-time highs, Steel futures hit new highs, and Platinum is back above a key level of resistance.

Pockets of renewed strength have started to pop up across various groupings within the Commodities space. That's valuable information.

Consider Rebar Futures forcefully breaking out of a 3-year consolidation while most of the market chops sideways.

Both Lumber and Rebar futures hitting new highs screams global growth.  Strength from these markets bodes well for other procyclical areas such as...

This is our ASC Research Q2 2021 Playbook.

This is one of my favorite things to do: Forget everything that happened last year, or even in the first quarter of this year. Start from scratch. And approach the market with an open mind.

That's exactly why we put together these quarterly reports. It's self-serving. It helps us organize our thoughts, and identify which areas we want to attack, and which ones we want to avoid, on all time frames: both long-term and short-term.

Make sure to check out our New Table of Contents on Page 2, which will help you navigate through the full report:

As the pandemic raged on March 23, 2020, the S&P 500 was bottoming out following the quickest crash from its highs in history.

Of course, we didn’t know it was THE bottom in real-time. How could we?

Yet just five days later, we were able to hold our 4th Annual Chart Summit virtually. No, we didn’t get a chance to meet in person or enjoy any amazing skiing in Colorado like we did in year’s past. But we were able to pick the brains of the best analysts I know at what turned out to be a critical moment for the markets.

And I’m so glad we did…

While the world felt like it was falling apart, traders just like you had the chance to soak in the wisdom of some of the top minds in finance. Instead of panic, we were treated to process and analysis. And a ton of hot charts!

From the desk of Willie Delwiche.

We have some good news! We are debuting another new scan for Premium Members of All Star Charts India. As we go forward, we will introduce several new features for our members, but for now, the second scan has just dropped!

Introducing the new scan- All Star Momentum.

All Star Momentum is a brand new scan that pinpoints the very best stocks in the market. This time around, we have incorporated our stock universe of Nifty 500 as the base. Among the 500 stocks that we follow, this scan will pump out names that are most likely to generate great returns.

While we go through our lists of sectors and stocks on a weekly basis, we thought of launching a product that would highlight the names that are the strongest performers in our universe and those that are primed for an explosive move.

Just like The Outperformers scan, this is a list of stocks belonging to the sectors that display relative strength in the market at any given point in time. Since sector rotation is the lifeblood of a bull market, we will be ahead of the curve before the gears keep shifting.

JC and I recorded our latest options conference call last night (subscribers can access it here). We discussed some trades that were exited last month, updated some current positions, and discussed a couple new ideas.

One of the new ideas discussed was a bullish breakout in United Therapeutics $UTHR. And I'm ready to pull the trigger today.

This is the video recording of our April 5th, 2021, Monthly Charts Strategy Session.

Here is the video in full:

There's always information in the Currency markets, even if trading currencies isn't something you do.

There is wisdom in some of the world's largest markets like forex and fixed income. To ignore it would be irresponsible.

One thing that's been hard to ignore is the strength in the US Dollar Index throughout the first quarter of 2021. This could be a potential wrecking ball to the global growth, rotation into cyclical and commodity supercycle themes.

But is it?

When we look at several G-10 Currencies relative to the Dollar, the Commodity-centric currencies have held up the best, which is interesting, isn't it?

From the desk of Willie Delwiche.

Baseball is back -- another sign that life is returning to normal. 

I’m already thinking about heading to the ballpark to see the Brewers play in person (even though my son isn’t thrilled that they changed the name from Miller Park to American Family Field).

I wasn't much of a baseball fan growing up. In fact, I never progressed beyond Tee-ball. Washington didn't have a team at the time and rooting for the team from Baltimore seemed to be out of the question. After moving to Milwaukee as an adult, I was surprised to hear the actor from "Mr. Belvedere" calling the games on the radio. Little did I know that Bob Uecker, a Milwaukee legend, was a baseball guy first and an actor second. 

Despite my lack of on-field experience, I’ve enjoyed watching my son progress through the Little League ranks.

We've been observing Aluminum for some time now and also included it in our Three Charts for the Week post, and the move seems to have picked up the pace.

Aluminum has been leading the base metals space for a while since Copper took a back seat, and we're now seeing the follow-through of that action in the price breakout.