This is the video recording of the July 2020 Conference Call.

From the desk of Tom Bruni @BruniCharting

Last time we wrote about Canada, our primary focus was on the breakouts occurring in many of the Gold Miners.

This time, we're looking for stocks displaying long-term trends of absolute momentum and relative strength...and we're buying them.

Let's get into the charts.

Here's Canadian national Railway going out at all-time highs last week. From a structural perspective, this signals the continuation of the stock's long-term uptrend and indicates a target up towards 160. If you want to keep your risk management tight, then 128 is the level, but if you want to give it more room then this thesis remains intact if prices are above 120.

Click on chart to enlarge view.

And relative to the rest of the TSX Capped 60 Index, prices have spent the past few months basing and...

From the desk of Tom Bruni @BruniCharting

We haven't taken a look at the Marijuana sector in a while, so today I'm going to review where the sector stands on an absolute and relative basis...and which stocks we're buying (if any).

Normally I'd have a pun or two here, but I've decided to take the high road and focus solely on the charts this time.

First, let's start at the index level with the Alternative Harvest ETF (MJ). prices gapped below our price objective at 12.60 earlier in the year, consolidated for two months, and then gapped back above it...forming an "island reversal" bottom on the weekly chart.

Click on chart to enlarge view.

Since then, prices have successfully retested support multiple times, so it would appear the bias is higher towards 22 as long as we're above 12.60.

On a relative basis, this thing is sitting down near all-time lows relative to the S&P 500. Momentum...

These are the registration details for the live monthly conference call for Premium Members of All Star Charts.

This month’s Conference Call will be held on Monday July 20th at 7PM ET has been changed to Tuesday July 21 at 7PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.

Here are the details for Tuesday:

From the desk of Steve Strazza @Sstrazza.

Welcome to our latest edition of "Under The Hood." Read more about it here.

In this column, we analyze the most popular Robinhood stocks over the trailing week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.

This week we have a handful of trade ideas on the long side in a number of names that continue to exhibit impressive relative strength.

Let's dive into it. Here is this week's list of most popular stocks, measured by net increases in Robinhood accounts that hold shares.

Click table to enlarge view.

We'll take it from the top this week and begin with the #1 stock on the list. We've recommended Tesla $TSLA time and again this year as it has continued to achieve our price targets in impressive fashion.

With that said, the risk/reward is no longer what it was for this name so we'd...

From the desk of Steve Strazza @Sstrazza

For the week ended Friday, July 10, 2020:

Every week we publish performance tables for a variety of different asset classes and categories along with commentary on each.

This week we're going to highlight our US Index and Sector ETF tables, and focus on the laggards as they are giving us the most important information for the current market environment. Let's dive into it.

No surprises here... The Nasdaq $QQQ outperformed aggressively once again last week, booking a +4.7% gain while Mid, Small, and Micro-Caps were all lower. The Nasdaq is the only US Index that is higher over the trailing month.

Here is a chart from our Q3 playbook which illustrates the strength from not only the Nasdaq 100 but also Technology $XLK and Semiconductors $SOXX. It's impossible to be bearish when all these charts are at all-time highs.

...

This is our ASC Research Q3 Playbook.

The first section dives deep into the US Stock Market, and the second half covers International Stock Markets and FICC (Fixed Income, Commodities & Currencies).

You can skip right to the trade ideas here if you'd like, or give the full report a read!

Yesterday's post on "Pulling The Weeds" from our portfolios got some great feedback, so thank you for that.

It also prompted a question about whether we should be adding Equity exposure as the indexes go higher or if we should be lightening up and trying to add back on weakness.

This is a very personal question that'll look different for everyone in practice. In this post, I want to provide a framework to use when thinking about this so you can identify what's most appropriate for your portfolio.

Remember, our job as Market Technicians is to ask the right questions and then allow the market to tell us the answer.

From the desk of Steve Strazza @Sstrazza

For the week ended Thursday, July 2, 2020:

Every week we publish performance tables for a variety of different asset classes and categories along with commentary on each.

Being Independence Day weekend, we're going to highlight the continued structural outperformance from the US vs rest of the world in this week's post. As a good patriot and technician, I would be remiss not to take this opportunity to reflect on how grateful US investors should be.

Here are our US Index ETF and Global Index tables.

Imagine if your retirement or savings account was invested in a FTSE 100 fund over the past year...When you compare the S&P 500 $SPY or Wilshire 5000 $DWC to foreign indexes and International ETFs, the outperformance over the past year is modest at best. Although, if you've been focusing on and investing in the best stocks in the US like we...

From the desk of Steve Strazza @Sstrazza.

This is the third edition of our new "Under The Hood" column. Read more about it here.

We are already getting positive feedback on this new strategy from "Mr. Market" as both of our trade ideas from last week's post are now in the top 5 of this week's most popular stocks (measured by the net increase in ownership, week-over-week).

In other words, Robinhood investors have been buying these names hand-over-fist since we wrote about them last week. They've been rewarded for it too as they've both performed very well.

Workhorse $WKHS has really lived up to its name as it hit our price target in a matter of days, and then went on to double again from there. The stock is up about 4-fold since it broke above our risk level near 5 early last week.

Here is a look at the updated chart, with the same exact annotations from last week's post.

Click chart to enlarge view...

This is the video recording of our July 1, 2020 Monthly Charts Live Strategy Session

From the desk of Steve Strazza @Sstrazza

For the week ended Friday, June 26, 2020:

Every week we publish performance tables for a variety of different asset classes and categories along with commentary on each.

"It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness."

It sounds like Charles Dickens could have been writing about today's market in his famous passage from A Tale of Two Cities.

Many areas of Growth and Technology are trading at or near record highs, and it's sure felt like the "best of times" for anyone who's been overweight these stocks in recent years.

On the other hand, cyclicals and Value were already hurting coming into the year and then endured serious structural damage during the Q1 crash. If you've been invested in these areas, particularly those groups directly impacted by Covid-19, it might just seem like the "worst of times."

Navigating the volatility hasn't been easy as even emperors of Industry like Warren Buffet have made some major...