The market will always have the final say.

This is the beauty of technical analysis: there's no problem in flipping our approach as new data comes in.

While the wheels were coming off in May, DeFi was the definitive laggard.

But that's changing.

The sector looks to be gaining traction on both absolute and relative terms.

We have a bonus Trade of the Week post for you! There is a name that's popping up in the Fertilizer space and we didn't want to wait longer to share it with you.

Read on to know more.

From the desk of Steve Strazza @Sstrazza

Check out this week’s Momentum Report, our weekly summation of all the major indexes at a Macro, International, Sector, and Industry Group level.

By analyzing the short-term data in these reports, we get a more tactical view of the current state of markets. This information then helps us put near-term developments into the context of the big picture and provides insights regarding the structural trends at play.

Let’s jump right into it with some of the major takeaways from this week’s report:

* ASC Plus Members can access the Momentum Report by clicking the link at the bottom of this post.

• Our Macro universe was flat this week as only 57% of our list closed higher with a median return of 0.20%.
• Nasdaq 100 $QQQ was this week’s biggest winner with a 2.63% gain.
• 10-Year Yield $TNX was this week’s biggest loser dropping -6.84%.
• Silver $SI was the only asset to post a bullish reversal.
• Despite the recent weakness, we saw the main US indices finishing the week at all-time highs....

From the desk of Steve Strazza @Sstrazza

Our Top 10 report was just published. In this weekly note, we highlight 10 of the most important charts or themes we're currently seeing in asset classes around the world.

Dr. Copper often steals the spotlight when it comes to base metals, and for good reason. It’s one of the most economically sensitive commodities. More importantly, it holds a special place in our collective psyche, as one of the major assets that investors turn to in order to gauge the state of the economy, and even investor risk appetite. With that said, the current correction in Copper has raised some concern, especially given the choppy market conditions.

But when we turn to some of the other base metals like Tin, Steel, and Iron Ore, their recent base breakouts are intact. In fact, that’s an understatement. These are some powerful uptrends, and unlike Copper, they just keep pushing higher. While the consolidation in Copper makes sense given the messy market environment and its explosive move since last fall, underneath the surface its base metal peers are indicating an eventual upside resolution...

The message continues to be: Stick to the plan.

Bitcoin is holding above 30k, and many coins still look great under the surface.

Unless Bitcoin moves back below 30,000, the bias is still higher.

We're incorporating more of this on-chain analysis into our work every week, simply because there's a slew of insightful data points.

Just last week, we discussed how exchange balances of Bitcoin continue to trickle lower, signaling that buying pressure could be returning.

This week we're looking for a long setup in the Consumer Goods section. There are certain stocks that are doing well, and we're definitely interested!

Let's see what we have today.

We retired our "Five Bull Market Barometers" in mid-July to make room for a new weekly post that's focused on the three most important charts for the week ahead.

This is that post, so let's jump into this week's edition.

There are stocks going up and there are stocks that are not going up.

What you're not really seeing is many stocks going down.

That's probably the best way to describe this market.

We've outlined our long positions, particularly those that have been showing relative strength and positive momentum. Those areas are working.

But most stocks are not.

You can see the difference in the Value Line indexes, when we compare them to the S&P500. Think of these more of the "Median" stock:

You can see the same thing in other areas we look for confirmation of risk appetite. Both the Aussie/Yen and the High Beta / Low Volatility ratios are not confirming the new highs in S&Ps:

The Advance / Decline lines for both the NYSE (common stocks only) and the Nasdaq peaked a while ago.

They're all telling the same story.

Some...

This is the video recording of our July 3rd, 2021 All Star Charts Crypto Weekly Strategy Session.

These are the registration details for our Live Monthly Candlestick Strategy Session for Premium Members of All Star Charts.

This month’s Video Conference Call will be held on Thursday July 6th @ 6PM 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 evening:

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

June is officially in the books!

Now, it’s time to dig into a fresh batch of monthly candles…

As everyone prepares to celebrate over the long weekend, we’re pouring over our monthly charts to reconnect with the primary trend.

And we witnessed some key developments in the commodity markets in June that are hard to ignore:

• Lumber was down almost 45%
• Copper was down 8%
• Natural Gas was up 24%
• Crude Oil was up 10%

Tumbling lumber futures and copper’s failure to hold above its former 2011 highs raised...

From the desk of Willie Delwiche.

The S&P 500 finished June at its highest level ever. For the first time since August 2020, however, this was a new monthly high that was not confirmed by the equal-weight version of the index. Moreover, it was the first time since Sep 2018 that the equal-weight version of the index was actually down (ever so slightly) for a month in which the S&P 500 made a new high. This is evidence of a market that has lost some of the harmonies that helped sustain strength in recent months.