From the desk of Steve Strazza @Sstrazza

Our Top 10 report was just published. In this weekly note, we highlight 10 of the most important charts or themes we're currently seeing in asset classes around the world.

This could be the single most important chart in the world right now. We cannot understate this development.

We finally got a major resolution in the US 10-year yield, reclaiming that critical 1.40% level this week. And this begs the question as to what a rising rate environment might mean for investor portfolios. The first thing we know for sure is that we want to stay away from bonds, unless we’re shorting them of course. The second, and perhaps most important implication, is the renewed tailwind for cyclicals. When rates are rising, sectors like financials, industrials, materials, and energy are all typically outperforming, which is exactly what we’ve started to see in the last week.

As for the broader market, perhaps this fresh breakout in yields is what was needed to kick off a new run-up for risk assets. What we’re watching for now is whether or not we finally start seeing similar resolutions...

This is what happens when you ignore price just because you're too weak to overcome your ego:

Since every commodity on earth has been going up in price EXCEPT for gold and silver, perhaps that's just further information that gold and silver are NOT commodities after all, but actually just a couple of shitty currencies.

It's Saturday Morning Chartoons time. 

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.

You can find the whole list of trades here.

Below you'll find the full PDF of this week's charts:

From the desk of Steve Strazza @Sstrazza

Our Hall of Famers list is composed of the 100 largest US-based stocks.

These stocks range from the mega-cap growth behemoths like Apple and Microsoft--with market caps in excess of $2T--to some of the new-age large-cap disruptors such as Moderna, Square, and Snap.

It’s got all the big names and more.

It doesn’t include ADRs or any stock not domiciled in the US. But don’t worry; we’re developing a separate universe for that, and we’ll be sharing it with you soon.

So, The Hall of Famers is easy.

We simply take our list of 100 names and then apply our technical filters in a way that the strongest stocks with the most momentum rise to the top.

Let’s dive right in and check out what these big boys are up to.

Here's this week's list:

And here's how we arrived at it:

• We filtered out any stocks that were below their May 10th high as this is when new 52-week highs peaked for the S&P 500
• Then we sorted the...

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

Whether we’re talking about stocks, commodities, currencies, or even the bond market, things have been a total mess. It’s no secret, and you’re probably tired of hearing it by now.

Trust me, we’re just as tired of seeing it.

So, as these choppy conditions test our patience and discipline, why not use this opportunity to take a step back and examine where we’ve come from, where we are now, and where we’re likely headed.

In today’s post, we’re going to do just that by revisiting and analyzing some of our favorite breadth indicators and discussing what some of them are suggesting for commodities over the long run.

Let’s dig into it!

First, we need to understand that a breadth thrust isn’t a singular event. It’s a process that builds upon itself as a new bull cycle unfolds.

These thrusts in participation don’t all just happen overnight. Instead, they develop over shorter time frames at first and eventually culminate with a broad expansion in new longer-term highs.

Using the stock market as an example, we saw our...

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

I was talking to the team earlier this week and mentioned that I was having a hard time writing. Grant and Ian were quick to remind me that it's probably because "nothing new is happening!"

They were right. Until now...

We finally got a major resolution in what we consider one of the most important charts in the world these days.

I'm talking about the US 10-year yield reclaiming that critical 1.40% level this week. And this begs the question as to what a rising rate environment might mean for investor portfolios.

Well, one thing we know for sure is we want to stay away from bonds... unless we're shorting them.

But how do we want to position ourselves in the stock market if yields are breaking out?

It's simple really. Some stocks do better with rising/higher rates, while others thrive in markets characterized by low growth and low yields. If this is the beginning of a fresh move higher for yields, then we want to be focused on buying the stocks that are likely to benefit the most.

It all goes back to the global growth, reflation, and reopening trade...

This is the video recording of September 24th 2021 Weekly Jam Session with Sean McLaughlin.

This is the video recording of our September 24, 2021, All Star Charts Crypto Weekly Strategy Session.

The ASC team did their monthly conference call this week, where they rip though a million charts and highlight the things we need to pay attention to -- the trends, the divergences, and particular setups in stocks that we like.

The blizzard of information they throw at us can be overwhelming at times. This is why you come to me to cull through it all and find my favorite setups that can be played with options.

Today's pick comes out of that call and its focused on the small business side of things.

From the desk of Willie Delwiche.

The story this week was bond yields and the mounting evidence that they are ready to move higher. 10-year yields in the US and Germany have climbed to their highest levels since July. The US 10-year T-Note yield has broken above 1.40% and could soon have 1.75% again in its sights. A 2-handle by the end of the year would not be surprising. Except for the May/June time period, German yields are the least negative they have been since crossing the zero threshold in mid-2019. These moves may reflect inflation expectations, but with the rise in the 2-year T-Note yield this week (highest level since March 2020) it is also the bond market taking seriously the possibility that the Fed will soon be joining the 30% of global central banks that have already begun to raise interest rates. For investors, this could be an opportunity to rotate back into cyclical sectors that do well in rising rate environments.

High-beta stocks are hitting new multi-month highs relative to low volatility.

This is the opposite of what would be happening if the world was about to come to an end.

The ratio between High Beta stocks and Low Volatility stock basically stopped going up last February.

Congratulations to those holding positions in Zee Entertainment, for you, have been rewarded! Well, at least for now.

Zee has been notoriously stubborn for remaining sideways for all of seventeen months now. That's a long time, considering several stocks have grown two-fold, three-fold at the least.

But Zee has also been a part of a sector that has consistently underperformed the market.

But have things changed with the move we saw in Zee over the past two weeks?

Maybe...