Last week we retired our "Five Bull Market Barometers" to make room for a new weekly post that's focused on the three most important charts for the week ahead.

This is our first edition, so let's jump right into it.

About a month ago we outlined the thesis that Reliance Industries had another 35% of upside ahead.

We're well on our way to that target and have been getting a lot of questions about the stock, so let's follow up and see what's happening.

From the desk of Steve Strazza @Sstrazza.

Welcome to this week's edition of "Under The Hood." You can read more about the column here.

What we do is 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, many of which belong to the Health Care space and are working on Covid-19 vaccines.

We'll also walk through a number of mega-cap bellwethers and get a feel for what's going on in that space.

The stock market has been going crazy again this week, and maybe it's beginning to rub off on me... We usually only share about 10 charts in this post, but there is just too much going on in these names so I went a little crazy myself in looking through the charts for this week's post. We ended up with 14. 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.

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.

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

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.

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.

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 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.

This post is a follow-up to yesterday's "How We're Approaching New Long Setups" and our Q2 Playbook, so we'd highly recommend reading those two pieces first if you haven't already.

In this post we're going to dive into the stocks we want to be buying. 

From the desk of Tom Bruni @BruniCharting

Thanks to everyone who participated in this week's Mystery Chart.

Most were waiting for more information given prices were at a clear inflection point, so let's get into what it was and what our interpretation is.