The price action in Copper is incredibly important for Indian stocks and Emerging Markets in general, which is why it's one of the primary intermarket signals we watch.

After a massive run off the March lows, we saw prices of Copper meet their upside target in late August and begin to consolidate.

Now we're seeing that consolidation resolve lower, so what's next?

This week I chat with Howard about the things that he just doesn't think are going to happen. What can we check off? He mentions major moves in the Nasdaq and also Apple missing on a quarter or new product.

He then flips the script and asks me about what's changed in my life since becoming a father. Tune in to find out!

From the desk of Tom Bruni @BruniCharting

In the futures markets, commercial hedgers are considered the "smart money" because they deal in a business that the asset they're trading is related to. On the other hand, speculators are simply outsiders looking to benefit from the price movements in that asset.

Hedgers also have much deeper pockets than the typical rank and file speculator, so when they're making extreme bets in one direction or another...we want to be paying attention.

...And right now, commercial hedgers are selling Copper like there's no tomorrow.

In this episode I get to chat with one of my all-time favorite journalists, Frances Horodelski. She was one of the first people to interview me on TV when I was still in my 20s and I don't forget that. She believed in me early on. That's really cool.

We've continued to do interviews together over the years but today I flip the script and ask HER the tough questions. We discuss the role of Technical Analysis in both markets and financial media. As a former Wall Street analyst herself, she brings unique perspective and experience to traditional media. This was really informative and a lot of fun!

Here is the episode in full:

A lot of things stood out as I updated our Monthly Candlestick Chartbook for September.

On Monday we're hosting a live strategy session for Members to discuss all of our key takeaways, but today I want to share a few themes worth noting.

One of our favorite opportunities that was discussed in last week's Under the Hood segment finally triggered our entry today. And continued elevation of options premiums in out-of-the-money calls sets up a great way for us to participate in a bullish move in a limited risk fashion.

Today we're taking a look at a stock in the Consumer Discretionary Sector. Ticker symbol $MCD

They make burgers, fries, chicken and a variety of desserts. The food is okay, I guess. The stock is way better.

This looks like a year-long base trying to break out to new all-time highs.

We only want to be betting on this long if it is above 220. Otherwise, we can't make that breakout argument. Our upside target is 280.

So far today, I’ve ignored what I can only assume are tens of thousands of posts and articles dissecting last night’s debate. I’ve said it before — As market participants, the election doesn’t interest us. It’s the change in seasonal strength this time of year that has our attention. 

But I’m sure they’ll continue pumping out more political gossip than anyone could possibly absorb. After all, it’s 2020. Most folks are stuck at home, anxious, and searching for any meaningless distractions they can find.  

If you’re nervous about the election or the markets, tonight’s your chance to take a step back and look at the bigger picture. September is over and the fourth quarter begins tomorrow. That means we have fresh batch of monthly candles to review! It doesn’t get any better than that… 

If you do one thing this week, it needs to be a thorough review of these longer-term trends. It’s one of my most important rituals that allows me to tune out the noise better than most.

I encourage you to put away those five-minute charts and zoom out for the night. You might be surprised at what the market’s telling you. [I’ll be knee deep in my charts prepping for...

From the desk of Steve Strazza @Sstrazza

New Mystery Chart!

For those new to the exercise, we take a chart of interest and remove the x/y-axes and any other labels that would help identify it. The chart can be any security in any asset class on any timeframe on an absolute or relative basis. Maybe it’s a custom index or inverted, who knows!

We do all this to put aside the biases we have associated with this specific security/the market and come to a conclusion based solely on price.

You can guess what it is if you must, but the real value comes from sharing what you would do right now. Buy, Sell, or Do Nothing?

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 Friday October 2nd @ 8AM 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 Friday morning:

From the desk of Steve Strazza @Sstrazza

At the beginning of each week, we publish performance tables for a variety of different asset classes and categories along with commentary on each.

Looking at the past helps put the future into context. In this post, we review the relative strength trends at play and preview some of the things we're watching in order to profit in the weeks and months ahead.

Like we discussed last week, Equity Markets are becoming more of a mixed bag, but there are still plenty of strong areas we want to be betting on.

We're back above the risk levels we've outlined in recent weeks for most major indexes and we believe the resumption in relative strength from former leadership groups such as the Nasdaq, Tech, and Growth has given us a heads up that the recent correction low is in.

With that as our intermediate-term view on Equities, this post will focus on the strongest areas of the market that we again want to be leaning on for long opportunities to express our bullish thesis in the weeks and months ahead.

Starting at the...

The way I learned it is that, "Sector Rotation Is The Lifeblood Of A Bull Market".

But what does that mean exactly? Why does it matter? Why should we care?

All great questions, so I invited my friend Todd Sohn from Strategas and our very own Steve Strazza to discuss this important topic.

What sort of rotation are we seeing today?

Here is Part 2 of our discussion:

(Catch up on Sector Rotation Part 1 here)