Bitcoin continues to move higher following its retest of the 60,000 support level. The short-term trends in crypto markets are higher, which aligns with equity markets making new highs.
Don’t let a few days of selling pressure fool you.
Despite intense gold, copper, and crude oil pullbacks, many commodity-related assets are flashing buy signals.
For instance…
The Global Carbon ETF $KRBN:
KRBN holds a basket of European and U.S. carbon allowance futures – also known as carbon credits. Companies use these credits to offset the costs of releasing greenhouse gases.
Interestingly, the similarities between the carbon allowances, copper versus gold, and silver versus gold charts are uncanny. All three are violating multi-year downtrend lines, suggesting bullish trend reversals and a risk-on market environment.
We like KRBN long above 35, targeting 56.
That’s it for today. We’ll be back with more next week.
You can see here in the chart below, for example, that with the S&P500 closing at new all-time highs this week, the Consumer is just not getting the memo.
In fact, Consumer Discretionary just went out at new lows relative to the S&P500.
The underperformance has not stopped. It's only gotten worse.
Don’t let a few days of selling pressure fool you.
Despite intense gold, copper, and crude oil pullbacks, many commodity-related assets are flashing buy signals.
For instance…
The Global Carbon ETF $KRBN:
KRBN holds a basket of European and U.S. carbon allowance futures – also known as carbon credits. Companies use these credits to offset the costs of releasing greenhouse gases.
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.
Welcome to The Junior International Hall of Famers.
With the goal of finding more bullish setups, we have decided to expand one of our favorite scans and broaden our regular coverage of the largest US-listed international stocks, or ADRs.
This scan is composed of the next 100 largest stocks by market cap, those that come after the top 100 and are thus covered by the International Hall of Famers universe.
Many of these names will someday graduate and join our original International Hall Of Famers list. The idea here is to catch these big trends as early on as possible.
Let's dive right in and check out what these future big boys are up to.
This is our Junior International Hall of Famers list: