Trade of the Week
Bull Put Spreads in Online Commerce Leader
Shopify (SHOP) has pulled back to its rising 21 EMA and top of monthly value area near 31.50 after a strong rally since earnings last month took shares up to the 36 level. Now forming a bull flag right back at support and holding above 32 into the rest of November...
Natural Gas Explorer Setting Up Quick Breakout
Seasonal Stock Setup: Relative Strength Industrial Forms Inverted Bottom Pattern
Illinois Tool Works (ITW) has a strong seasonal history in November with an impressive 10 of the last 10 years higher for an average return of +4.5%. Even going back 20 years the stock is up 17 times in the month of November for an average gain of +3.6%. This is...
ETF Sector Corner: Healthcare Group Leading Upside into Seasonal Strength
Health Care Select Sector SPDR Fund (XLV) - This ETF is one of the most popular options for gaining exposure to the U.S. health care sector, and as such might be an attractive option for investors looking to tilt exposure towards lower risk industries. XLV is among...
Bull Put Spreads in Materials Name Forming Falling Wedge
Alcoa (AA) has pulled back to the 200-week EMA and recently held the yearly value area low near 34 as it rebounded back over the July low and near a weekly MACD bull cross. Upside to 47 being the short-term target on a bounce back to 2021 yearly VPOC but longer term...
Quick Trade in Gaming Name Setting Up Bull Flag Breakout
ETF Sector Corner: Seasonal Strength Starts in Oversold Materials Group
Materials Select Sector SPDR Fund (XLB) - This ETF is one of several funds offering exposure to the U.S. materials sector, a corner of the market that may be appealing for investors looking to gain indirect exposure to commodity prices through the stocks of companies...
Weekly Trade Breakout Setup in Beverage Retail Leader
Bull Put Spreads in Beaten Down Tech Chip Maker
Nvidia (NVDA) has pulled back to the lower edge of 2021 yearly value recently at 115 and bounced to close a weekly candle back inside yearly value area with weekly MACD nearing a positive cross as growth stocks overall stabilize and try to rebound. Going into year-end...
Seasonal Stock Setup: Oversold Asset Manager Sees Bull Engulfing Candle Off Lows
Blackrock (BLK) has a strong seasonal history in October with 8 of the last 10 years higher for an average return of +4.5%. The month of November also has positive returns into with 9 of the last 10 Novembers up +4.6% on average the past decade and these are the two...