From the Desk of Ian Culley @IanCulley

I haven’t ruled out a US dollar bounce. 

But it seems less likely with each passing day.

Other major global currencies are regaining lost ground following a year dominated by dollar strength. It shows in the US Dollar Index $DXY as it continues to slide back within its prior multi-year range. 

Lower lows for the DXY will not instill confidence in dollar bulls. Meanwhile, savvy investors should take its performance as a signal to buy other currencies.  

Here are two of my favorite setups from the forex markets…

Check out the GBP/USD pair on the verge of completing a multi-month reversal formation:

This chart has the hallmarks of a classic inverted head and shoulders with a neckline at 1.2425 (the Dec. 14 close). That’s our risk...

From the Desk of Steve Strazza @Sstrazza

Last week we held our January Monthly Conference Call, which Premium Members can access and rewatch here.

In this post, we’ll do our best to summarize it by highlighting five of the most important charts and/or themes we covered, along with commentary on each

Let’s get right into it!

From the Desk of Louis Sykes @haumicharts

I have to get this off my chest.

Wherever I look on Twitter, people are complaining about this rally.

They say it's manipulated.

They say it's all a conspiracy driven by Binance to get suckers to buy in before pulling the rug.

What's hilarious is that those same people were tilted when Alameda was around, arguing that they were manipulating the market.

Now Alameda's gone, they're looking for another scapegoat.

"My stops got hit, must've been Alameda."

No.

There isn't some random conspiracy entity chasing your stops.

You're just a shit trader.

With stocks off to a very strong start to the year, we're certainly setting ourselves up for a positive January.

There is still about a week left, but the S&P500 is already up 4.7% so far this month.

Historically, if we finish up, and it looks like the chances of that are high, then it bodes very well for stocks throughout the rest of the year.

From the desk of Steve Strazza @Sstrazza.

Welcome back to Under the Hood, where we'll cover all the action for the week ended January 20, 2023. This report is published bi-weekly and rotated with The Minor Leaguers.

What we do here is analyze the most popular stocks during the week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.

We use a variety of sources to generate the list of most popular names.

There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: a list of stocks that are seeing an unusual increase in investor interest.

Click here for a behind-the-scenes look at our process.

Whether we’re measuring increasing interest based on large institutional purchases, unusual options...

From the Desk of Steve Strazza @sstrazza and Alfonso Depablos @Alfcharts

This is one of our favorite bottom-up scans: Follow the Flow.

In this note, we simply create a universe of stocks that experienced the most unusual options activity — either bullish or bearish, but not both.

We utilize options experts, both internally and through our partnership with The TradeXchange. Then, we dig through the level 2 details and do all the work upfront for our clients.

Our goal is to isolate only those options market splashes that represent levered and high-conviction, directional bets.

We also weed out hedging activity and ensure there are no offsetting trades that either neutralize or cap the risk on these unusual options trades.

What remains is a list of stocks that large financial institutions are putting big money behind.

And they’re doing so for one reason only: because they think...

It's the weekly Gold Rush!

The intermarket landscape provides favorable conditions for precious metals as the US dollar experiences an unabated decline.

Check it out...

From the Desk of Ian Culley @IanCulley

Gold is running into supply.

Whether the former 2011 highs still hold any psychological significance doesn’t matter.

Gold bulls continue to find an overwhelming amount of sellers at that level. This will remain the case until demand absorbs supply.

How long will that take? It’s anyone’s guess – maybe weeks, perhaps even months or quarters.

The point is, gold needs time.

Meanwhile, silver futures are coiling within a tight range…

Check out the daily chart of gold’s crazy cousin:

It's not a secret around here that Energy stocks have been doing well.

No one here cares that some investors got caught holding the bag in those growthy tech stocks, and didn't have anywhere near enough energy exposure over the past couple of years.

It's not my fault that the S&P500 was only 2% Energy but 26% Technology.

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.

After a very strong 4th quarter for stocks, it looks like 2023 is getting started right where they left off.

But this time, it's the Nasdaq that's leading the way.

So far this year, the Nasdaq100 is up every single week.

It's largest components are driving the overall market higher.

It's the weekly commodity edition of What the FICC?

Every day we have the choice to either follow the news or follow trends. I choose the latter...

Check it out!