Asset prices haven't been going up.

Not sure if you heard....

The gloom and doom on twitter over the weekend was pretty epic wasn't it?

And it's probably well-deserved.

The S&P500 just went out at new 22-month lows.

Gold investors were convinced by con artists that it was an inflation hedge, when it turned out to be the exact opposite all along - closing the month at new 2-year lows.

And of course, the greatest Ponzi ever - US Treasury Bond Market going out at the lowest levels since 2013:

From the Desk of Kimmy Sokoloff

What a reversal on Friday in the indices!

There's not much more to say other than that September was an ugly month.

The largest insider transaction on today's list is a Form 4 filing by Ares Management LLC.

The hedge fund reported an additional purchase worth roughly $1.1 million in Clear Channel Outdoor Holdings $CCO, increasing its total stake to 9.34%.

From the desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts

Our International Hall of Famers list is composed of the 100 largest US-listed international stocks, or ADRs. We’ve also sprinkled in some of the largest ADRs from countries that did not make the market cap cut. 

These stocks range from some well-known mega-cap multinationals such as Toyota Motor and Royal Dutch Shell to some large-cap global disruptors such as Sea Ltd and Shopify.

It’s got all the big names and more--but only those that are based outside the US. You can find all the largest US stocks on our original Hall of Famers list.

The beauty of these scans is really in their simplicity.

We take the largest names each week and then apply technical filters in a way that the strongest stocks with the most momentum rise to the top.

Based on the market environment, we can also flip the scan on its head and filter for weakness.

Let’s dive in and take a look at some of the most important stocks from around the world.

Here’s this week’s list:

From the Desk of Kimmy Sokoloff

What a way to send off September and the third quarter.

But it was to be expected.

Who's left to sell?

That's the question I find myself asking as we finish up the 3rd Quarter today.

(We'll discuss it all Monday night 6PM ET during our Live Monthly Charts Strategy Session)

Since the market peaked in February 2021, it's been a slow grind lower for stocks all over the world.

We're now approaching 20 months of this ongoing bear market.

It's no longer a secret that stocks are going down.

You can see it in the Put/Call Ratio hitting levels last seen at the 2018 and 2020 market lows:

From the Desk of Kimmy Sokoloff

As of now, the S&P 500 is still managing to hold onto the 3,600 level, and the $SPY is at 360.

Should we really break below 360, we can see 359, then 354.80. You can always trade long against the SPY 360 level and use 360 as a stop if you like.

The largest insider transaction on today's list is a Form 4 filing by LGP Management.

The firm reported a purchase worth roughly $12 million in the mid-cap electrical company WESCO International $WCC.

From the Desk of Kimmy Sokoloff

Yesterday is seeming more like a one-hit wonder, as the indices dropped hard today.

The $QQQ finally played catch-up to the $SPY and hit a new low.

You see what just a little bit of Dollar weakness does to this market?

I'm telling you. I'm not making this up.

Now here's the thing. Let's remember that extreme volatility IN BOTH DIRECTIONS is commonly found near turning points.

Last time the US Dollar Index had a single day GAIN as large as Friday's was 3/19/20.

Last time the US Dollar Index had a single day LOSS as large as Wednesday's was 3/26/20.

The Dollar Index peaked on 3/20/20. Stocks bottomed the very next trading day on 3/23/20.

Here's a look:

From the Desk of Kimmy Sokoloff

Futures are lower this morning.

Hopefully, we're digesting yesterday's big move in the indices.

For this week's trade, we're Selling the BRKB November 260 Puts Naked

Get the full details, risk management procedures and targets for this trade here: