Trade of the Week
ETF Sector Corner: Oil Services Group Serving Up a Breakout
VanEck Oil Services ETF (OIH)- This ETF is designed to track the largest 25 U.S.-listed oil service companies. As such, investors should not expect a deep portfolio, but it is important to note that the fund heavily favors its top ten holdings. It is also important to...
Bull Put Spreads in Parcel Delivery Leader Back at Large Support
UPS (UPS) has pulled back to the 200-day EMA and the top of the monthly value area near 182.50 after a rally post earnings up to 193 faded back to support. UPS has a strong base at 180 in the form of the 2022 yearly POC support and potential to grind up to the 200...
Relative Strength Aerospace Leader Coiled for Quick Breakout Trade
ETF Sector Corner: Equal Weighted Biotech Sector Nearing Yearly Value Area Breakout
SPDR S&P Biotech ETF (XBI) XBI is one of a handful of biotech ETFs available, offering exposure to a corner of the market that can perform well during periods of consolidation and is capable of big jumps in the event of major drug approvals. XBI focuses on a...
Bull Put Spreads in Industrial Leader Pulling Back to Support in Strong Uptrend
Honeywell (HON) has pulled back to the 200-day EMA which happens to also be aligned with the 200 round price number and still in a strong uptrend from the October lows now retracing about 38.2% of the advance. The 200 level also represents the top edge of the 2022...
Airline Leader Setting up Quick Bullish Trade in Strong Trend
Seasonal Stock Setup: Lifestyle Retailer of Western Apparel Sees Strong February Tailwind
Boot Barn (BOOT) has a strong seasonal history in February with 6 of the last 8 years higher since it went public for an average return of +10.2% in the month of Feb and the strongest calendar month for the stock besides November. The only other calendar month with...
ETF Sector Corner: Robotics Sector Shaping Breakout of Inverted Bottom Pattern
ROBO Global Robotics & Automation ETF (ROBO)- The Global Robotics ETF invests in global companies that are driving transformative innovations in robotics, automation, and artificial intelligence (RAAI), including companies that create technology to enable truly...
Bull Put Spreads in Top Investment Bank at 200 Day Support
Goldman Sachs (GS) has pulled back to the 200-day EMA at near 342 and started to bounce last week closing back over 350 where there is strong support in the form of opening put sales in February expiration mentioned below. GS has monthly value area low support at 340...