Two weeks ago, we couldn’t help but discuss the impressive move out of the silver/gold ratio, pointing to risk appetite in the precious metals space.
Now, gold’s crazy little cousin is pressing up against new 52-week highs.
Just check out the chart of BlackRock’s Silver ETF $SLV rallying into this key inflection point near 23:
Not only does this level coincide with the 52-week highs proceeding a seven-month consolidation, it also represents the 62% Fibonacci retracement of this three-year range.
Make no bones about it, this is a critical level we’re watching in silver right now.
Should we see buyers continue to push the metal higher above this level, it would confirm a breakout.
Above 23.10, we like SLV long with a target at the former highs of 27.40.
But it doesn’t just stop there; let’s plan ahead into the future.
With gold again flirting with all-time highs, we’re on the cusp of a new bull market in precious metals.
In a world where silver goes on to hit our initial target of 27.40, we’ll like the setup even more than we do...
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 Moderna, Square, and Snap.
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 their proximity to new 52-week highs.
Welcome to TheJunior 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: