Check out the recent performance from uranium stocks:
Each bubble's location is determined by its 10-day change on the x-axis, the trailing 3-month return on the y-axis, and the 14-day RSI is the size.
LEU, OKLO, and SMR are the stocks that stand out the most amongst their peers. Each of these 3 leaders is involved with nuclear energy for the AI boom.
The VanEck Uranium Energy ETF $NLR is decisively resolving a multi-decade base:
This fund holds large positions in the largest uranium stocks like Constellation Energy $CEG, Cameco $CCJ, and BWX Technologies $BWXT.
The breakout to new multi-decade highs is happening as breadth in the industry is expanding.
The GlobalX Uranium ETF $URA has a large Cameco position, as well as over 50 other stocks:
After whipsawing traders around the prior cycle high, URA looks poised to emerge higher from a multi-year accumulation pattern.
We want to own URA above 31.50, with a target of 40 over the coming 3-6 months.
While we can express a bullish thesis with URA, we'd prefer to use individual equities.
Stay tuned as we outline our top 10 uranium stocks for Trade of the Week.
But first, let's talk about what the smart money is doing.
COT Heatmap Highlights
Commercial hedgers added over 550 contracts to their net-long Bitcoin position and are close to carrying their largest position ever.
Commercials unwound over 58,000 contracts from their massive net-long US 10Y Bond position.
Commercials added over 13,000 contracts to their net-short RBOB Gasoline position.
