This summer is the most ideal time to be buying stocks, according to the 4-year cycle.

Q3 of the Mid-term Election years. That's the sweet spot.

Do we see new all-time highs for the S&P500 before the end of the year?

The seasonal tailwinds certainly support that:

Today's Chart of the Day was a unanimous decision internally.

How can it not be this one???

Every single week in 2022 we've seen more stocks hitting new lows than stocks hitting new highs.

In bull markets we see the exact opposite of that.

Well, this week the bulls finally got it done. For the first time all year we saw more stocks hitting new highs than new lows.

It wasn't by much. But they pulled it off.

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 Ian Culley @IanCulley

It doesn’t matter where you look: Commodities are digging in, finding support, and reclaiming key levels.

Grains, softs, base metals, and energy have all stopped going down. Even gold is bouncing off critical levels of former support.

But it’s not just the fact the commodity correction is hitting the pause button that’s important.

It’s where it's happening.

Let’s take a look at a few charts.

First we have cotton futures:

Cotton completed a monster base, breaking to fresh 10-year highs last October. A strong advance took hold during the following months.

But it was answered by a near-vertical decline back into its prior range.

After falling more than 45% from its May peak, cotton is reclaiming a key level of former resistance marked by its 2014, 2018, and 2021 highs.

That shelf of former highs kept a lid on cotton prices for almost a decade. And the 2018 highs...

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:

Click table to enlarge view

• We filtered out any laggards that are down 5% or more relative to the S&P 500 over the trailing month. 
• We sorted the remaining...

From the Desk of  Ian Culley @Ianculley

More pieces of the puzzle are falling into place for the bulls.

We’ve been pounding the table about the dollar and rates for months, and now they’re starting to take shape.

On Wednesday, the US Dollar Index $DXY broke to fresh lows, violating a multi-month trend line.

And interest rates… well, they haven’t moved much. They continue to hold their range after peaking in June. 

As expected, stocks surged yesterday in response to a weaker dollar and stable bond market. 

But stocks aren’t the only risk assets on the rise. Investors are moving out on the risk curve and bidding up high-yield bonds, too.

Here’s a dual-pane chart of the Fallen Angel High-Yield Bond ETF $ANGL and the S&P 500 Index $SPX:

ANGL is one of our favorite high-yield bond ETFs because it contains the...

These are the registration details for our live mid-month conference call for Premium Members of All Star Charts.

Our next Live Call will be held on Monday August 15th at 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 Monday night:

A downtrend consists of a series of lower lows and lower highs.

But the Dow Jones Industrial Average and Russell2000 Small-cap Index are both making higher highs.

That's, by definition, not a downtrend.

The title of yesterday's post was: "You can't be short".

I encourage you to give that a read.

And while that's happening over in the S&P500 and Ethereum, here's a good look at what's been happening in Growth:

From the Desk of Steve Strazza @Sstrazza

When investing in the stock market, we always want to approach it as “a market of stocks.”

Regardless of the environment, there are always stocks showing leadership and trending higher.

We may have to look harder to identify them depending on current market conditions. But there are always stocks that are going up.

The same can be said for weak stocks. Regardless of the environment, there are always stocks that are going down, too. 

We already have multiple scans focusing on stocks making all-time highs, such as Hall of Famers, Minor Leaguers, and the 2 to 100 Club.

We filter these universes for stocks that are exhibiting the best momentum and relative strength characteristics. 

Clearly, we spend a lot of time identifying and writing about leading stocks every week, via multiple reports.

Now, we’re also highlighting lagging stocks on a recurring basis.

Welcome to the Short Report.

We...

Every idea that we put on at All Star Charts starts with a technical setup that we like. We are students of price action and that supercedes everything.

It's nice when our technical analysis lines up with "other" factors that may support our idea, be they fundamental, news, or in this case, insiders and activist activity.

Here's what our team noticed in an email to ASC subscribers earlier this week:

The most significant insider transaction on today’s list is a Form 4 filing for Pinterest $PINS.

We wrote about PINS on July 15, when Elliott Management announced a large activist stake.

Now that the second quarter blackout period is behind Pinterest, CEO William J. Ready is also buying shares. He just reported a rather sizable $5 million purchase.

We can’t think of many things more bullish than the CEO getting involved...

Was this just a bear market rally?

Or did we just see the initial thrust off the lows before a more sustainable move progresses into the end of the year?

That's a good question to be asking.

And while we don't ever actually know until after the fact anyway, we've set these 2 levels as clear lines in the sand for arguably two of the most important assets on the planet: The S&P500 and Ethereum.

The bottom line is this: If the S&P500 is above 4200 and Ethereum is above 1800 - YOU CANNOT BE SHORT.