We've been talking about Silver since its initial breakout in late May, but over the last few weeks, that breakout accelerated and took prices to their highest levels since 2012.

In this week's "Chart Of The Week" we want to provide perspective on the recent move and discuss what's next for Silver and Precious Metals.

JC's been pounding the table to me about Abbott Labs $ABT for a couple weeks now.

I've been slow playing it, waiting for some new highs. We're getting them now. It's time to get involved.

The base $ABT formed over the last three months is a thing of beauty. And the fact that it's in a hot sector and printing new all-time highs is only sweetener. Then when you add in the fact that options premiums are at the lowest levels since March and I'm starting to get pretty excited.

This is the video recording of the July 2020 Conference Call.

I don't prefer getting long stocks that aren't breaking through to some kind of major new high or an all-time high. But every so often the stars align to play for the end of a major downtrend with some clearly defined levels of support to lean against.

We're finding that right now in the recently maligned Marijuana stocks space.

From the desk of Tom Bruni @BruniCharting

Last time we wrote about Canada, our primary focus was on the breakouts occurring in many of the Gold Miners.

This time, we're looking for stocks displaying long-term trends of absolute momentum and relative strength...and we're buying them.

Let's get into the charts.

Here's Canadian national Railway going out at all-time highs last week. From a structural perspective, this signals the continuation of the stock's long-term uptrend and indicates a target up towards 160. If you want to keep your risk management tight, then 128 is the level, but if you want to give it more room then this thesis remains intact if prices are above 120.

Click on chart to enlarge view.

And relative to the rest of the TSX Capped 60 Index, prices have spent the past few months basing and...

In early May we outlined the "Five Bull Market Barometers" we're watching to identify the beginning of a new bull market in stocks.

If you haven't read our initial post linked above, we'd encourage you to check it out so you understand what the rationale behind these five indicators is.

Now, let's see where these indicators ended the week.

Historically, new 52-week lows are not a characteristic of an uptrend. These are things we see when the asset in question is under pressure. With the Dollar Index continuing to sell-off, what are some of the broader implications?

What will this mean for the relentless uptrend in precious metals? What will it mean for Emerging Markets stocks?

First, here's the chart of the US Dollar Index making new 52-week lows yesterday:

From the desk of Tom Bruni @BruniCharting

We haven't taken a look at the Marijuana sector in a while, so today I'm going to review where the sector stands on an absolute and relative basis...and which stocks we're buying (if any).

Normally I'd have a pun or two here, but I've decided to take the high road and focus solely on the charts this time.

First, let's start at the index level with the Alternative Harvest ETF (MJ). prices gapped below our price objective at 12.60 earlier in the year, consolidated for two months, and then gapped back above it...forming an "island reversal" bottom on the weekly chart.

Click on chart to enlarge view.

Since then, prices have successfully retested support multiple times, so it would appear the bias is higher towards 22 as long as we're above 12.60.

On a relative basis, this thing is sitting down near all-time lows relative to the S&P 500. Momentum...

These are the registration details for the live monthly conference call for Premium Members of All Star Charts.

This month’s Conference Call will be held on Monday July 20th at 7PM ET has been changed to Tuesday July 21 at 7PM 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 Tuesday:

On this week's show, I walk Howard through how to order my favorite pizza online and we discuss the price action in $TSLA and what that means for both the stock and the company.

This was fun. Check it out:

From the desk of Steve Strazza @Sstrazza.

Welcome to our latest edition of "Under The Hood." Read more about it here.

In this column, we analyze the most popular Robinhood stocks over the trailing week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.

This week we have a handful of trade ideas on the long side in a number of names that continue to exhibit impressive relative strength.

Let's dive into it. Here is this week's list of most popular stocks, measured by net increases in Robinhood accounts that hold shares.

Click table to enlarge view.

We'll take it from the top this week and begin with the #1 stock on the list. We've recommended Tesla $TSLA time and again this year as it has continued to achieve our price targets in impressive fashion.

With that said, the risk/reward is no longer what it was for this name so we'd...