From the Desk of Ian Culley @IanCulley

Black Gold is breaking out!

Crude oil is flipping weeks of indecision into conviction following a hard retest that frustrated traders earlier this month. 

Let’s take a look…

Check out crude’s upside resolution to fresh five-month highs:

Yesterday marked the completion of a tight bull flag – a typical characteristic of an uptrend.

The path of least resistance points higher toward our 95 target. 

However, I would be remiss not to mention momentum. The 14-day RSI has yet to register an overbought reading above 70. 

This isn’t an immediate concern. But if the crude oil rally does have legs, momentum will reach overbought conditions. In fact, the energy sector's recent performance is showing no signs of stress.

The Oil Refiners ETF $CRAK...

From the Desk of Steve Strazza @Sstrazza

Welcome to The Junior International Hall of Famers.

With the goal of finding more bullish setups, we have decided to expand one of our favorite scans and broaden our regular coverage of the largest US-listed international stocks, or ADRs.

This scan is composed of the next 100 largest stocks by market cap, those that come after the top 100 and are thus covered by the International Hall of Famers universe.

Many of these names will someday graduate and join our original International Hall Of Famers list. The idea here is to catch these big trends as early on as possible.

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

This is our Junior International Hall of Famers list:

Click table to enlarge view

From the Desk of Steve Strazza @Sstrazza

Last week, we released a Freshly Squeezed report detailing long setups in some of the market's most heavily shorted stocks.

This week, we got fresh short sale data from FINRA as well as fresh breakouts from a growing list of stocks in our universe.

We thought it would be irresponsible not to do a follow-up report covering them.

This is just the environment we're in.

Here's what we're doing about it.

Our scan is quite simple. It is designed to identify stocks with the highest short positions. When a stock is heavily shorted, incremental buyers are waiting in the wings to close out their bearish bets.

We love this, as new buyers are the one true catalyst for higher prices.

When shorts are proven wrong, they become buyers of the stock. Many times, as this happens, momentum comes into these names and fuels massive short-covering rallies.

For this reason, we pair short-interest data with short-term momentum overlays, as this combination is needed to spark the moves we’re looking for.

Here's the latest list:...

From the Desk of Alfonso Depablos @Alfcharts

A major theme we've witnessed in recent weeks is a shift in leadership as sector rotation continues to spread across the US equity market.

One could argue it is more a general broadening of the rally than it is rotation.

Regardless, one of the major beneficiaries has been Materials.

With commodity markets getting back in gear, industry groups from copper and steel to agricultural inputs are showing strength again.

With broad participation beneath the surface, this is a group we want to be adding long exposure too in the coming days and weeks.

From the Desk of Steve Strazza @Sstrazza

Welcome to The 2 to 100 Club.

As most of you know, we use various bottom-up tools and scans to complement our top-down approach.

It's really been working for us!

One way we're doing this is by identifying the strongest growth stocks as they climb the market-cap ladder from small- to mid- to large- and, ultimately, to mega-cap status (over $200B).

Once they graduate from small-cap to mid-cap status (over $2B), they come on our radar. Likewise, when they surpass the roughly $30B mark, they roll off our list.

But the scan doesn't just end there.

We only want to look at the strongest growth industries in the market, as that is typically where these potential 50-baggers come from.

Some of the best performers in recent decades – stocks like Priceline, Amazon, Netflix, Salesforce, and myriad others – would have been on this list at some point during their journey to becoming the market...

From the Desk of Ian Culley @IanCulley

Last week’s tactical setups are heading toward our targets as G10 currencies lose ground against a rising dollar.

If you let the pound or kiwi trade pass, fear not.

The US dollar/Canadian dollar pair is entering our wheelhouse…

Check out the greenback-loonie challenging a key retracement and former resistance level at approximately 1.36:

I placed a stop order above last Friday’s high of 1.3606. 

A decisive upside resolution above that level puts the USD/CAD in play with a target of 1.3850.

If my order fills, I’ll play this one tight since the dollar-cad trades in the middle of an eighteen-month range. 

I’ll...

From the Desk of Steve Strazza @Sstrazza

Welcome to The Minor Leaguers.

We've had some great trades come out of this small-cap-focused column since we launched it back in 2020 and started rotating it with our flagship bottom-up scan, Under the Hood.

For the first year or so, we focused only on Russell 2000 stocks with a market cap between $1 and $2B.

That was fun, but we wanted to branch out a bit and allow some new stocks to find their way onto our list.

We expanded our universe to include some mid-caps.

To make the cut for our Minor Leaguers list now, a company must have a market cap between $1 and $4B.

And it doesn't have to be a Russell component — it can be any US-listed equity. With participation expanding around the globe, we want all those ADRs in our universe.

The same price and liquidity filters are applied. Then, as always, we sort by proximity to new highs in order to...

From the Desk of Ian Culley @IanCulley

Pop the champagne!

Gold reached new all-time highs. 

Now, whether we consider the shiny yellow rock a viable investment is another story.

You know I’m bullish…  

Yet I can’t overlook silver's lack of participation.

From the Desk of Ian Culley @IanCulley

Commodities are in the early innings of a secular bull run.

The list of raw materials hitting all-time highs since 2020 includes Gold, Copper, Wheat, Soybean Oil, Cattle,  Orange Juice, Cocoa, Heating Oil, Gasoline, Palm Oil, Lumber, Tin, Rebar, Iron Ore, and Coal. (If that roll call doesn’t scream commodity supercycle, I don’t know what does.) 

It’s an exhaustive list that will only grow in the coming years. Remember, these cycles can last decades. We’re only in year four!

Of course, there are also some laggards amongst the ranks. (ahem, Crude). But don’t lose sight of the bigger picture! 

Even Soybeans are queuing up for new all-time highs…

Check out soybean futures zoomed out to the 1950s:

Prices blasted higher in the mid-70s, tracing the upper bounds of a new trading range that defined prices for the next thirty years.

A similar pattern emerged during the last commodity supercycle in the early to mid-2000s. Soybean futures bottomed in...

From the Desk of Steve Strazza @Sstrazza

The animal spirits have returned to equity markets near you!

How do we know?

Take a look around...

Biotechs are putting the finishing touches on a massive base, suggesting a new bull market for these stocks is underway.

Speculative growth indexes like the suite of ARK ETFs are completing (or have already completed) trend reversals.

The Renaissance IPO fund is at its highest level since early 2022.

A growing list of emerging markets countries (outside of China) are making new highs.

Cryptocurrencies are mooning every night while we're sleeping.

Participation is broadening to new groups like materials, and funds are flowing back into energy and financials again.

The most-hated and lowest-quality stocks in the market are catching a serious bid.

So, what do we do?

This is the optimal market environment for our Freshly Squeezed universe.

The idea behind this one is to find the stocks that bears are betting against the most and take the opposite side as they squeeze higher.

We've already witnessed a number of powerful short-covering...

From the desk of Steve Strazza @Sstrazza

Our Hall of Famers list is composed of the 150 largest US-based stocks.

These stocks range from the mega-cap growth behemoths like Apple and Microsoft – with market caps around $3T – to some of the new-age large-cap disruptors such as Arista Networks and Airbnb.

It has all the big names and more.

It doesn’t include ADRs or any stock not domiciled in the US. But don’t worry; we developed a separate universe for that. Click here to check it out.

The Hall of Famers is simple.

We take our list of 150 names and then apply our technical filters so 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:

*Click table to enlarge view

We filter out any laggards that are down -5% or more relative to the S&P 500 over the trailing month.

Then, we sort the remaining names by...

From the desk of Steve Strazza @Sstrazza

Dividend Aristocrats are easily some of the most desirable investments on Wall Street. These are the names that have increased dividends for at least 25 years, providing steadily increasing income to long-term-minded shareholders.

As you can imagine, the companies making up this prestigious list are some of the most recognizable brands in the world. Coca-Cola, Walmart, and Johnson & Johnson are just a few of the household names making the cut.

Here at All Star Charts, we like to stay ahead of the curve. That's why we're turning our attention to the future aristocrats. In an effort to seek out the next generation of the cream-of-the-crop dividend plays, we're curating a list of stocks that have raised their payouts every year for five to nine years.

We call them the Young Aristocrats, and the idea is that these are "stocks that pay you to make money." Imagine if years of consistent dividend growth and high momentum and relative strength had a baby, leaving you with the best of the emerging dividend giants that are outperforming the averages.

By adding our technical analysis to the mix, the Young...