From the desk of Willie Delwiche.

Our weight of the evidence dashboard argues for caution, as risk outweighs opportunity. This is echoed by our Risk Off - Risk On indicators, which never showed a decisive move toward Risk On assets as stocks moved off their lows in March. Assessing the situation through the lens of various intra- and inter-market relationships, our range-o-meter shows a move toward Risk Off leadership over the past month. Risk Off assets are gaining strength, Risk On assets are stumbling. Where things go from here remains to be seen. None of us can predict the future. But we can identify whether we are in a higher risk or lower risk environment and adjust our portfolios accordingly. One of the best things I heard at last week’s CMT symposium came from Frank Teixeira: “The market gives you a lot of information if you are willing to listen for it.”        

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 in excess of $2T – to some of the new-age large-cap disruptors such as Moderna, Square, and Snap.

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 which you can check out here.

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:

And here’s how we arrived at it:

• We filtered out any stocks that are below their May 10, 2021, high, which is when new 52-week highs peaked for...

The first trade in our Paid-to-Play portfolio is:

In the All Star Charts recent Monthly Charts Strategy Session, JC highlighted a bunch of stocks that have held levels that feel significant.

And since we've seen a lot of damage to bullish charts in recent weeks, the best bets on the board right now appear in stocks that have held up better than the rest.

One mining stock that held up well after hot money ran for the exits is Newmont Corporation $NEM.

This is the video recording of our May 6, 2022, All Star Charts Crypto Weekly Strategy Session.

The largest insider transaction on today's list comes to us in a Form 4 filing by Warren Buffett’s Berkshire Hathaway $BRK.A.

Buffett continues to grow his position in Occidental Petroleum $OXY. He just revealed an additional purchase that brings his total ownership to 226 million shares, representing a 12.15% interest.

This is the video recording of the May 5th Weekly Town Hall w/ Willie Delwiche.

05/05/22 2:00 PM ET

From the desk of Steven Strazza @Sstrazza and Ian Culley @IanCulley

While most uptrends have come under pressure in 2022, the US dollar has remained as strong as any.

This dollar strength, particularly at the index level, is nothing new. We've been discussing it.

It's been taking place all year, driven by the major pairs such as the euro, the yen, and the pound.

However, something new is the burgeoning strength beneath the surface, even outside of the big developed market currencies. We've been seeing dollar internals improve drastically in recent weeks.

And now we're seeing momentum accelerate for the US Dollar Index $DXY. Today, DXY is on track for its largest single-day gain since the pandemic crash more than two years ago.

All of the evidence suggests this dollar strength is the real deal.

Let's talk about what it means and how we want to position for it.

Here's the US Dollar Index ripping to its highest level in almost 20 years:

...

From the desk of Steve Strazza @Sstrazza

The US Dollar Index $DXY is ripping to its highest level in 20 years today.

We just covered this dollar strength and what it means in our Currency Report, which you can read here.

We talk about the implications of a stronger dollar on risk assets, particularly stocks.

While this rally in the dollar is definitely not a good thing for stocks in the US or abroad, we see these intermarket relationships dislocate all the time.

Could stocks and the dollar rally higher together? Sure! Commodities and the dollar have already been doing this for several quarters now...

Let's talk about that quick.

From the desk of Willie Delwiche.

I had a great time in DC last week, first for some dedicated time with the All Star Charts team that is normally dispersed all over the world, and later at the CMT Symposium itself. There was good food and drink and great conversations – in larger settings and small. 

As great as the presentations were overall, I often found myself chewing on asides and tidbits more than the large macro points. For me, the key insights were more about process and less about conclusions. Maybe that’s not surprising. Conclusions come and go based on market conditions. But process and approach should be consistent (though not immune from the refiner’s fire). I think Tyler Wood said it best last week, “We’re not predicting the future, just reacting responsibly.”

Things I picked up last week that I want to hold on to:

The most significant insider transaction on today's Hot List is a Form 4 filing by the president and chairman of Warner Bros Discovery $WBD.

We couldn't help but notice the relentless bid in Bitcoin $BTC yesterday morning while equities had a flat start. Leading up to the FOMC announcement, Bitcoin front-ran the rally in US equities.

The two have been heavily correlated in recent months; evaluating the co-movement between the two is proving to be an insightful data point for stock and crypto investors alike.