From the Desk of Ian Culley @IanCulley

Silver futures are rising to the occasion.

The silver-to-gold ratio went from posting fresh six-month highs last Monday to hitting sixteen-month highs by Friday’s close.

Silver is ripping on absolute and relative terms, and this can mean only one thing: 

Risk-on!

Check out Silver driving home an explosive resolution following a successful pullback:

The pullback is another name for a retest – a common feature following a significant breakout. (Some use the term “throwback” to distinguish the action following an upside resolution from a “pullback” that displaces a downside resolution. But they’re all pullbacks to me.)

Interestingly, top-flight international soccer uses the same term for a particular goal-scoring tactic—a player takes the ball to the touchline and then passes to a teammate at the top of the box, who waits to direct the ball into the back of the net. 

Premier League Champions Manchester City and Runners-up Arsenal successfully applied the pullback in a match last week. (One can only hope Liverpool’s incoming manager, Arne Slot, is taking...

Specifically, the Bank of...

My analysts are bullish on Bank of America $BAC and for good reason:

Bank of America is on the verge of breaking out of a bearish-to-bullish reversal pattern.

As you can see in the lower pane, BAC recently resolved higher from a similar basing formation versus the broader market.

We like it long only if it is above 38.50 with a 2-4 months target of 50.

Options premiums are cheap, so lets keep it simple.

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In today’s Daily Digest, we’ll review the following:

1. New JULY position in XME.
2. No adjustments are needed today.
3. No exits since the last report.
4. Current status of open campaigns.

Let’s dig in!

From the Desk of Steve Strazza and Alfonso Depablos

The most significant insider buy on today's list comes via a Form 4 filing by Transocean Ltd $RIG director Frederik Wilhelm Mohn.

Mohn reported a purchase of RIG shares with a total value of $12,020,000.

I just got back from a weekend in Nashville with my wife.

We had such a great time.

I had never been to Nashville before. It was just one of those places I hadn't gotten to yet.

But I picked up on the vibes right away, even at the airport before the flight and during the flight itself, which was Thursday night at 10PM.

Everyone was on the same page - "We're here to party and have a good time".

You want to talk about broadening participation in this bull market?

Here you go.

This week we saw more countries around the world hitting new 52-week highs than we've seen in years.

This isn't just a Tech thing. This isn't even just a U.S. thing.

This is a stocks thing, as stocks all over the world continue to march higher.

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 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 Uber and Crowdstrike.

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. Click here to check it out.

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 filter out any laggards that are down -5% or more relative to the S&P 500 over the trailing month.

Then, we sort the remaining names by...

From the Desk of Ian Culley @IanCulley

Gold did its part earlier in the spring, paving the way for the rest of the metals space.

Now, silver is posting fresh decade highs, uranium names are triggering buy signals, and Dr. Copper is slicing through overhead supply. 

Plus, increasing copper demand has caught the smart money offside.

Check out copper futures with the Commitment of Traders profile in the lower pane:

Fading commercial (smart money) positioning tends to produce pain. 

But even the strongest hands can find themselves on the wrong side of a trade. It happened to commercial hedgers back in 2020, and it’s happening again today.

Copper experienced an explosive rally, adding a dollar-fifty as surging demand forced strong hands to unwind their shorts in 2020 and 2021.

If gold is heading to 5K, copper is making its way to eight bucks – but first, it must...

From the Desk of Ian Culley @IanCulley

Gold did its part earlier in the spring, paving the way for the rest of the metals space.

Now, silver is posting fresh decade highs, uranium names are triggering buy signals, and Dr. Copper is slicing through overhead supply. 

Plus, increasing copper demand has caught the smart money offside.

Check out copper futures with the Commitment of Traders profile in the lower pane:

Fading commercial (smart money) positioning tends to produce pain. 

But even the strongest hands can find themselves on the wrong side of a trade. It happened to commercial hedgers back in 2020, and it’s happening again today.

Copper experienced an explosive rally, adding a dollar-fifty as surging demand forced strong hands to unwind their shorts in 2020 and 2021.

If Gold is heading to 5K, Copper is making its way to eight bucks – but first, it must exceed our rough initial target of 5.95.  

Here’s a closer look at copper’s multi-year base breakout:

Dr. Copper is blowing through those former highs from 2021 and 2022 in a similar fashion to the 2020 rip-roaring rally....

As this bull market shows signs of resuming its march higher, we're setting our sights abroad because U.S. stocks don't have a monopoly on great setups. There are some great companies overseas that trade here in the U.S. that are also setting up for great stock rallies.

Today's trade is in a biopharma name.