Global Markets – Weekly Review

Stocks stampeding higher — too LATE to Buy, or still EARLY?

120 Charts & Commentary on all major Markets — for your weekend reading.

“Don’t start the week without it”

*NEW READERS: Apple adds big fees if you subscribe through the App Store. You can save a lot of money subscribing directly in Substack.

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Editor’s Note:

• Proud of how far we’ve come since launching a year go, and this is just the beginning. Thank you for supporting us in this journey.

• Starting this week: we’ll be pausing free content for the foreseeable future, and focusing only on paid content. No more freebies (on any platform).

• A lot of subscribers value and appreciate our work, and are happy to pay our very low subscription price. So my focus is on them.

• Right now: I see some big ideas shaping up. For instance: where’s the top of this rally? What will it take to turn bearish? I want to stay laser-focused on this and other themes.

• It’s been a strong year for technical & macro trading, and I think there’s a LOT more big swings to come.

• Join us, and you’ll see.

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KEY TOPICS COVERED

• On April 7, the bottom day of the market, we came in with a specific plan from the April 5 report and executed Buys in U.S. quality stocks.

• Since then, at every step of the way, we’ve held firm to the data and signals — consistently presenting the evidence for “higher”.

• So far, our hard work and discipline has paid off:

  • Our focus areas have been the best-performing of this recovery.

  • Since highlighting potential dozens of leading stocks, the average name in our watchlist is up +20-40% — far outpacing the market.

  • This has been a classic lockout rally so far. Other historical recoveries were similar — a case we also presented in multiple reports.

  • S&P was up every day this week for a gain of nearly +3%, and has closed up nine days in a row — a streak not seen in more than two decades.

• So where do we go from here? In today’s report: