They can't even sell the Chinese stocks!

Chinese stocks!

The worst stocks on the planet. Yes those. They're even buying those.

That's what happens in bull markets. 

The CSI 300 is up over 4% overnight. This is the Chinese equivalent to the S&P500, which is now bouncing off support from Q1 and potentially putting in a historic double bottom:

Think about what this could mean to global markets, if even the worst stocks can't go down.

I mean, just look at the returns in China compared to the United States over the past 4 years, taking it back to before the prior cycle's peak.

Using this timeframe, you can really see the lack of recovery in China.

And I'm not just cherry picking the CSI 300 here.

It's just that this index is a good representation of the Chinese Market.

But if you want to compare that to the more popular China ETFs, you'll see the same thing, or worse.

While the CSI300 and China Large-cap 25 Index $FXI are only down 26% for this period, the China Technology ETF $CQQQ is down double that. So is Chinese Internet ETF $KWEB.

I...

Gold futures have been relentlessly rising and printing new all-time highs. The precious metal is now overbought on a 14-day, week, and month RSI. 

We've recently seen Palladium rip over 20% in a few days and momentum thrusts for the Junior Gold & Silver Miners ETFs.

With this new Gold bull market now almost 7 months old, maybe it's time for Silver futures to break out of their multi-year range.

Let's talk about it:

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.

Nowadays, to make the cut for our Minor Leaguers list, 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 focus...

No need to get cute, and no need for an elaborate explanation of what's going on.

Quite simply, we're in a bull market. And it would be irresponsible to think that technology and high beta names won't be playing catchup soon.

We could try to pick the individual winners, or we can just buy a basket. Today's trade is that.

Here's a current one-year chart of ARK Innovation ETF $ARKK:

In the video above, me and Steve Strazza discuss that we want to be owners of the March 55 calls for a breakout move that kickstarts a recapture of all the lost mojo here in ARK over the past couple of years. It's crazy that this ETF once traded as high as $159.

Today's trade is not a bet that we'll be back there any time soon. But we think the battleship is turning and we'd like to catch the first wave.

Here's the Play:

I like buying a $ARKK Nov/Mar Diagonal Call Spread. We're going to short the November 53 calls and simultaneously purchase the March 55 calls for an approximately $1.25 net debit, which represents the most we can lose in this trade (as currently constructed).

The March 55 calls are the position I...

In today’s Daily Digest, we’ll review the following:

1. No new positions today.
2. Rolled XLI position to November options.
3. Exited IWM (profit), XRT (profit), and XLK (loss).
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

The Best Morning Show in Finance is BACK!

After a week long hiatus at the FutureProof Conference in California, and then our ...

The world's important stock market index just made new all-time highs, again.

We don't know what the market is going to do next. No one does.

But here's what we do know.

Going back and looking at all the data since the beginning of time, we know FOR A FACT, that there is nothing more bullish for a stock than the price going up.

We know.

We have the data.

So do you!

But have you gone back and actually taken the time to count?

The most bullish thing a stock can do is go up in price.

Here is the Dow making new all-time highs (in price), after breaking out earlier this year from a multi-year bear market.

People keep looking for bear markets that aren't there.

We just had a bear market a couple of years ago.

And we had another one a couple of years before that.

If we're going into a new bear market, you're going to need stocks to go down in price first, or at the very least they need to stop going up.

We know mathematically that you CANNOT have a bear market, or a correction of any kind without the prices of stocks falling. (See: ...

In today’s Daily Digest, we’ll review the following:

1. No new positions today.
2. Rolled XME position to November options.
3. Exited XLB position for a "profit."
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

Momentum has returned back to the crypto asset class over the short term.

Although there is work to be done, it is positive to see the S&P 500 reclaim a new high and Bitcoin traders return back to making money.

I have changed my intermediate bias to bullish while keeping my short term bias at neutral.

I remain insistent on the value of patience in this tape.

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 Steve Strazza @Sstrazza

We love our bottoms-up scans here at All Star Charts. We tend to get really creative when making new universes as we want to be sure they will deliver us the best opportunities the market has to offer.

However, when it comes to this one, it couldn't be any simpler!

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 stocks.

Welcome to The Junior Hall of Famers.

This scan is composed of the next 150 largest stocks by market cap, those that come after the top 150 and are thus covered by the Hall of Famers universe. Many of these names will someday graduate and join our original Hall Of Famers list. The idea here is to catch these big trends as early on as possible.

There is no need to overcomplicate things. Market cap is a quality filter at the end of the day. It only grows if price is rising. That's good enough for us.

The bottom line is it is a bull market. We want as many vehicles and...

I like to give credit to where credit is due.

If I learn something from someone and I quote it, I always do my best to also mention who I learned that from. 

When someone on my team makes a good call, or builds something really valuable, I'm the first one who stands up to give them credit for it.

But this one is mine. I'll take the credit for this list.

Here's the thing though. While I did think building this would be a good idea, it has exceeded expectations across the board.

I may have made a good call. But I'm still a dummy for not realizing just how valuable this would end up being for us. 

The market is humbling that way.

Without any further ado, let me present you with the All Star Charts Hall of Famers. 

These are the largest 150 companies in America by market-cap. These are the stocks that are driving returns. These are the names that need to do well if you want your favorite indexes to do well too,

You guys know how much I appreciate the value we get from the Dow Jones Industrial Average. 

But there are other names that are arguably just as important, or in many cases even...