We've adjusted a position in the Paid-to-Play portfolio today:

I've argued for years that the Dow Jones Industrial Average is the world's most important stock market index.

It's a list of the most important stocks in the most important country on the planet.

Find me a better index.

You can't. I've looked.

And when you look underneath the surface at the components of the Dow, you'll notice that its Advance-Decline line is pressing up against all-time highs.

Today’s most significant insider transaction report is a Form 4 filing by Ares Management.

Ares revealed an additional purchase of roughly $2.9 million in Frontier Communications Parent $FYBR.

From the Desk of Kimmy Sokoloff

Happy April...

And what a move the market has made!

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 Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts

Our International Hall of Famers list is composed of the 100 largest US-listed international stocks, or ADRs. We’ve also sprinkled in some of the largest ADRs from countries that did not make the market cap cut. 

These stocks range from some well-known mega-cap multinationals such as Toyota Motor and Royal Dutch Shell to some large-cap global disruptors such as Sea Ltd and Shopify.

It’s got all the big names and more--but only those that are based outside the US. You can find all the largest US stocks on our original Hall of Famers list.

The beauty of these scans is really in their simplicity.

We take the largest names each week and then apply technical filters in a way that the strongest stocks with the most momentum rise to the top.

Based on the market environment, we can also flip the scan on its head and filter for weakness.

Let’s dive in and take a look at some of the most important stocks from around the world.

Here’s this week’s list:

...

From the Desk of Ian Culley @IanCulley

Buying opportunities abound across commodities.

It’s easy to miss this phenomenon if you’re solely focused on the major indexes, as the CRB Index and the Bloomberg Commodity Index $BCOM broke down earlier this month. 

Don’t let those charts mislead you. Plenty of sweet setups present themselves.

And the next chart is by far my favorite…

Cocoa!

Check out the five-year base in cocoa futures:

Cocoa is taking the shape of a potential ascending triangle. This pattern carries a bullish bias as buyers step in, creating a series of higher lows. 

Momentum is another bullish data point on the chart. Notice the 14-week RSI has held within a bullish regime since the initial thrust higher in early 2018. 

Cocoa futures provide a textbook...

From the Desk of Kimmy Sokoloff

What a week, what a day...

The market was full speed ahead for the end of the quarter.

We got into and quickly out of a trade in Microstrategy $MSTR over the past two weeks. Whipsaws suck. But the way the stock has quickly battled back is telling me we weren't wrong, just early. And I'm getting back in, but with a new stop loss level.

We've adjusted a position in the Paid-to-Play portfolio today:

Stocks stopped going down a long time ago.

In bear markets stocks go down in price.

In bear markets you get more and more stocks making new lows.

In bear markets the indexes don't keep putting up major gains quarter after quarter.

And so what's been happening in the current market environment?

The most significant insider transaction on today’s list comes in a Form 4 filed by RA Capital Management.

The hedge fund revealed a purchase of roughly $14.7 million of Dice Therapeutics $DICE, increasing its ownership stake to 16%.