From the desk of Willie Delwiche.

With the latest surge, the S&P 500 has experienced 17 Momentum Thrusts since 1980. Excluding the signal from earlier this week, eight of these have been accompanied by Breadth Thrusts and eight have not. The difference in the market’s reaction to such moves could hardly be more stark. When accompanied by breadth thrusts, momentum thrusts see strength persist. In these cases, the S&P 500 has never been lower 1, 3, 6 or 12 months later. On average the S&P 500 has been 15% higher 6 months after these momentum thrusts and 25% higher 12 months after the thrust signal. Without a breadth thrust, surging momentum can be climactic and the S&P 500 can struggle to make any headway. The average return 12 months after such signals is less than half the average of all periods since 1980. We don’t hang our hat on any one indicator or single signal. But the combination of breadth and momentum thrusts experienced over the past few weeks suggests investors should be looking for stocks to go higher, not lower, from here.  

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...but it might win us cash-money gains, which is all we're really here for anyway. Give the participation trophies to the strivers.

Today's trade comes from a "dirty" sector. One some investors don't like to talk about in polite company. And it certainly won't win us any friends in the ESG crowd. But again, who cares?

Let's get right to it.

This is the video recording of our August 19, 2022, All Star Charts Crypto Weekly Strategy Session.

We've adjusted a position in the Paid-to-Play portfolio today:

The 13D that has everyone’s attention today is not going to be on our list. That’s because we’re looking for insider buying, not insider selling.

Which brings us to meme stock master and Gamestop $GME Chairman Ryan Cohen.

We debuted a new scan recently- The Outperformers.

The Outperformers is our newest scan that pinpoints the very best stocks in the market. It’s the fastest, easiest way to find quality names that are primed for major moves.

The goal is that as the market rally progresses, the sector rotation within the market will reflect in this scan. So while our Top/Down Analysis helps us with the broader view of the market, this Bottom/Up scan makes sure that we catch the slightest change in sentiment.

Commodities are showing up on the green side of the screen these days as we witness a recovery. One of the commodities that have displayed strength time and again is Natural Gas. The price is currently trading at an all-time high and we're here to revisit those crucial levels.

From the Desk of  Ian Culley @Ianculley

The market environment has been shifting in favor of the bulls all summer.

Breadth thrusts are firing as participation beneath the surface expands. Risk assets – commodities and stocks alike – are reclaiming critical levels of former support.

And our bull market rebirth checklist is triggering four out of five criteria.

This is a huge departure from earlier in the year.

But one aspect of the environment remains the same – interest rates. Yes, rates have come off their June peak. And, yes, US yields have paused at a logical level marked by a series of former highs.

That’s all true, and it all makes perfect sense.

But we still find ourselves in a rising-rate market as the underlying uptrend remains intact – for now.

Earlier in the month, we broke down the ranges in the 30-, 10-, and 5-year US yields. Today, we'll turn our attention overseas.

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This is the video recording of the August 18, 2022, Weekly Town Hall w/ Willie Delwiche.

08/18/22 2:00 PM ET

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:

One of the big characteristics that often separates great traders from mediocre ones is the willingness and ability to sit on the sidelines when it's necessary.

A brief adage we often mention is the distinction between seeing a setup and looking for one. Be patient, prepare your perfect swing, and the setups will come to you.