Do you see what happens when the US Dollar is falling?

Stocks and Crypto go up.

This IS the catalyst.

Do you want to know what will get stocks and crypto back into bull markets?

It's not the fed, it's not the president, it certainly isn't a former president, it isn't a war or any kind of "news" event.

It's the US Dollar. Period.

Over the weekend we saw the price of Ethereum jump to new 30 day highs.

Looking a little deeper, you'll find that both Binance and Avalanche also hit new 30 day highs.

Some of you trade cryptos and others don't. But that's not really my point here.

As you've heard me say a million times by now, these crypto assets are just growth stocks (probably software stocks if you want to be more specific).

And the correlations prove it. They've never been higher, in fact.

If you've been following along over the years, you've heard me mention plenty of times that breadth thrusts tend to cluster together early on in market uptrends.

Well, a funny thing happened yesterday - we had our first 9-to-1 up volume day on the NYSE since May.

To quote Willie, "Stringing 2 of these together without an intervening 9-to-1 down day would be a very positive development".

Here's what that looks like:

From the desk of Ian Culley @IanCulley

Sellers are in the driver's seat when it comes to commodities these days.

Besides natural gas and livestock contracts, few commodities present buying opportunities that we like. In reality, most have either broken down or are on the verge of breaking down. 

As the latest bout of selling pressure shows little signs of easing, we’re likely to experience more damage in the coming days and weeks.

Copper, one of the most economically sensitive and widely followed commodities in the world, is a great example of recent weakness. It can’t stop falling.

Given the downside volatility raw materials have experienced since the start of the summer, many trends are stretched. We don’t want to be too bearish here. We want to let the dust settle.

With that said, it’s hard not to imagine where the bears will strike next.

And when we scroll through our charts, it looks like they have crude oil in their sights.

Let’s take a look.

Here’s a chart of crude...

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

And here’s how we arrived at it:

Filter out any stocks that are below their May 10th 2021 high, which is when new 52-week highs peaked for the S...

The US Dollar took a little break from going up yesterday, and that has continued a bit this morning.

A funny thing happens when the Dollar isn't ripping - stocks and crypto prices are able to rise....

Today is Crypto Fridays around here at Allstarcharts.

We start with our 7AM meeting with the whole Crypto Team going over everything from the major trends, to new coins popping up on our screens, or the latest from the private world of defi and web 3.

Then at 10AM ET we hold our weekly Crypto Strategy session for Members of ASC Crypto.

[Call +1 (323) 421-7910 to access ASC Crypto Trade Ideas and Reports]

In addition to all of this, I like to schedule my "Crypto" type meetings to...

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 publish this column...

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 July 18th 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:

"JC what's on your mind these days?"

I get asked this a lot. So it keeps me on my toes.

But it's a great exercise, even if you're not being asked regularly by colleagues and journalists.

So what is on my mind?

It's this.

It's still this.

It's the strong Dollar preventing stocks and crypto assets from rising in price:

From the Desk of Ian Culley @IanCulley

It’s inescapable. If you haven’t read it in the news, seen it on Twitter, or heard it from a co-worker, here’s the scoop…

The euro has tumbled to parity with the dollar for the first time in almost 20 years!

That’s the big news in the currency markets these days. Sure, it’s a significant development.

But what currency isn’t falling against the US dollar right now?

It’s an interesting question. And it draws our attention to the Canadian dollar.

Let’s take a look.

Here’s a chart of the USD/CAD cross:

While the US dollar steamrolls everything in sight and prints fresh decade-highs against most major currencies, it’s still dealing with last year’s highs against the Canadian dollar.

Bulls continue to chip away at overhead supply, to no avail.

Remember, the resilience of commodity-centric currencies has been the story for almost a year. But the CAD is one of few left standing...

From the Desk of Louis Sykes

They're everywhere.

The long-awaited James Webb Space Telescope images...

Moments like these are not only significant for the scientific quest. They also deeply change the human condition and what we think is possible.

When Copernicus discovered the heliocentric model -- that the universe doesn't rotate around Earth -- it humbled humanity.

When Newton discovered that the motion of the celestial bodies followed strict laws of mathematics, it gave a seemingly entropic universe order.

When man landed on the moon, it changed our entire perception of what's possible.

And when the Hubble Space Telescope and the more recently launched JWST send back awe-inspiring images, it gives us a perspective of the cosmos we've never seen before.

You can't overstate what a bully the Dollar has been towards stocks in the U.S. and around the world.

We've talked about new 20 year lows for Japanese Yen, and the recent parity with the Euro, of course.

But now take a look the Emerging Markets Currencies ETF breaking down to new all-time lows: