Today's trade comes from the latest Young Aristocrats report. And today's dip offers us a chance to get into this trade with a very nearby risk management level (today's low). Either this stock is going to make a run or it's going to fail, and we'll likely find out quickly.

As such, we're taking a long position in October call options.

We had a resting GTC order filled at our profit target in the Paid-to-Play portfolio today:

The next new trade in our Paid-to-Play portfolio is:

Late last week, we argued that short-term caution was warranted.

With equities pressing against key supply zones and the dollar beginning to reassert strength, we made the case for patience.

And, over the weekend, we've seen risk-off action persist.

The largest insider buy on today's list is a Form 4 filing by Bill Gates, who revealed an additional purchase in Ecolab $ECL worth $19 million.

This is the third Form 4 filed by Gates in the last five days, as he continues to add to his position.

The market has set the stage.

From a seasonal perspective, the back half of the year should be strong.

When you consider the bearish sentiment readings we're coming off of this summer, a massive shift in sentiment into year end makes perfect sense.

We've seen the breadth improvement, as we get more and more stocks making new short-term highs, and now sector rotation has started to kick in.

SO WHAT'S THE CATALYST?

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.

Is Ethereum going to be worth more than Bitcoin one day?

Yea probably.

I think so.

And remember, I really don't care either way. I would just like to be on the right side of the trend, that's all.

In this world of crypto, especially in Bitcoin and Ethereum, people are very passionate about their opinions.

At Allstarcharts we are not.

All I know is that Bitcoin is now worth around $400B in market cap while Ethereum is closer to $200B. So ETH has some work to do.

And when I look down at this base, in my experience, this is precisely the work that it's needed to be doing...

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 Steven Strazza @Sstrazza

Stocks have enjoyed a powerful rally off their summer lows, as bulls have been in control for about two months now.

A lot of technical damage has been repaired during this time. 

The outlook from sentiment and seasonality assure us the environment is ripe for a bottom. 

Breadth thrusts are stacking up and suggesting we could be in the early stages of a new bull market.

And risk appetite is gradually reentering the market, supporting the bullish price action.

Today, we'll review one of our favorite intermarket relationships, the discretionary versus staples ratio. 

By comparing these two consumer segments, we garner valuable insights about the current market environment and risk appetite in particular.

Here's the large-cap Consumer Discretionary $XLY versus Consumer Staples $XLP ratio:

As you can see, XLY/XLP just reclaimed its 2018 highs after collapsing beneath this key level earlier in the year. 

...

From the Desk of Ian Culley @IanCulley

Markets constantly provide valuable information. But it’s up to us to listen.

Of course, it’s easy to get caught in a narrative or bias surrounding a particular market. It’s part of the human condition.

And it’s almost a prerequisite. 

In order to step up to the line and assume risk, we need to have a certain level of conviction. At the same time, we must remain open-minded and flexible, willing to receive new information and update our priors.

It’s a balancing act.

And energy is one area of the commodity market that’s keeping us on our toes.

Heading into Q3, we were looking for energy to follow the vast majority of other commodities lower, including base and industrial metals.

So far, that hasn’t been the case. 

The chart below highlights how closely the two procyclical commodities groups have trailed each other heading into 2022:

This relationship began to...

From the desk of Steve Strazza @Sstrazza

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:

...