Trade of the Week
Bull Put Spreads in Hotel Operator in Long Basing Pattern
Marriott (MAR) has pulled back the past few weeks and consolidated into a range right near YTD VWAP support at 160 and has made a series of higher lows since the October bottom which was a higher low from the June lows. MAR also cleared its downtrend line and since...
Speciality Retailer Forming Bull Flag for Quick Weekly Trade
Seasonal Stock Setup: Lodging Name with Seasonal Tailwind into Holidays
Hyatt Hotels (H) has a strong seasonal history in December with 7 of the last 10 years higher in December for an average return of +3.4% in that 10-year window which follows November’s strong calendar month returns of +5.1%. Shares are trending above the 21 EMA and...
ETF Sector Corner: Small Cap Bullish Seasonality Takes Hold in December
iShares Russell 2000 ETF(IWM) - This ETF is one of several offering exposure to the Russell 2000 Index, a widely followed measure of small cap U.S. stocks. Given this investment objective, IWM may be useful in a number of different ways; more active investors may use...
Bull Put Spreads in Energy Name Pulling Back to Support
Pioneer Natural Resources (PXD) has pulled back to the 2022 YTD VWAP near 237.75 and the 200-day EMA just below at 234 while now nearing a RSI of 40 so getting close to oversold while still in a long term uptrend on the weekly chart above its 55 week EMA. The stock...
Weekly Option Trade Setup in Coiled Solar Name
Seasonal Stock Setup: Ride Sharing Leader Poised for Explosive Move into Year End
Uber (UBER) has a strong seasonal history in November and December since its IPO back in early 2019 with 3 straight years higher in December for an average return of +3.25% which follows Novembers strongest calendar month returns of +5.7%. Usually, I prefer to have at...
ETF Sector Corner: Defense Group Showing Relative Strength Near Highs
iShares U.S. Aerospace & Defense ETF (ITA) - This fund provides exposure to an interesting segment of the industrials industry, the aerospace and defense sector. Companies in this sector tend to be rather large, slow growing, but remarkably stable due to the...
Bull Put Spreads in Oversold Software Name as Sector Sees Lift
Twilio (TWLO) has pulled back to the monthly VPOC support near 45 and started to bounce and put in a higher low after its post earnings gap down looked to have been a washout low. The software stock can possibly find a basing floor at the 45-50 zone into year end and...