Trade of the Week
Seasonal Stock Setup: Farm Focused Retail Name Showing Relative Strength into Spring
Tractor Supply (TSCO) has held up well lately with other retail names slipping and TSCO tested and bounced off key support this week. The stock shows a strong seasonal history in April the past 15 years being higher in 12 of 15 years for an average April return of...
Bear Call Spreads in Aerospace Name Unable to Takeoff
Boeing (BA) has been trying to rebound off the recent lows near 178 and last week tested strong resistance at the 8-week EMA and yearly value area of 195 before failing and rolling back lower. The chart looks vulnerable to another leg down now, so any rallies are...
Quick Weekly Trade Setup in Coiled Chip Name
Taiwan Semi (TSM) shares of the semi giant are coiling in a tight range the past few weeks and squeezing tight inside the bollinger bands as it consolidates the early March rally and holds above the 21 EMA on each dip recently. TSM has its monthly March sales numbers...
Seasonal Stock Setup: Latin American FinTech Sees Put Sales into Strong Seasonality
StoneCo (STNE) has only been around as a public company since 2018 but in 5 years shows a strong seasonal history in April through July with all months higher the majority of years. April shows average returns of +16% while May and June are up between 4-5% each on...
Seasonal Stock Setup: Canadian Oil Sands Leader Breaking Higher into Strong Calendar Month
Suncor (SU) has a strong seasonal history in April with that month being the best on the calendar going back a full 20 years of seasonal history. The name has been up 9 of the last 10 years in April for average returns of +7.15%, the strongest month by far. For the...
Bull Put Spreads in Oversold Gaming Platform Name
Roblox (RBLX) has been forming a bullish falling wedge pattern on the weekly chart this year and really could be called the right shoulder of a larger inverted bullish head and shoulders base with this 35-37 zone strong support below here. The 2023 one year POC is at...
Quick Weekly Option Trade for Semi into Investor Day
Intel (INTC) shares are looking to pop out of a falling wedge pattern with this week having its investor update day scheduled for Tuesday 4/2. INTC has quite a few bullish positions in this weeks April 5th expiration as well pointing to positive gamma for the name...
Seasonal Stock Setup: Durable Household Goods Name Reversing Higher into April Tailwind
Whirlpool (WHR) has a strong seasonal history in April with that month being the best on the calendar going back a full 20 years of seasonal history. The name has been up 12 of the last 20 years in April for average returns of +5.4% while zeroing in on just the past...
ETF Sector Corner: Software Building Energy for Breakout into Seasonal Tailwind
iShares Expanded Tech-Software Sector ETF (IGV) – This ETF seeks to replicate a benchmark that is comprised of various software companies. IGV, an iShares product, invests in only U.S. companies, so this may not be the right fund for those who wish to gain exposure on...
Bull Put Spreads in Cloud Security Leader Seeing Dips Bought
CrowdStrike (CRWD) has been seeing constant bull flow and dips getting bought since the small earnings fade from new highs and holding the 21 EMA level this month near 320 while the 55 day MA plays catch up to price. CRWD is forming a tight wedge pattern now and...