Trade of the Week
Seasonal Stock Setup: Industrial Technology Name with Seasonality Tailwind
Amphenol (APH) has a strong seasonal history in October with 9 of the last 10 years higher for an average return of +2.3%. The month of November also has positive returns into with 9 of the last 10 Novembers up +4.3% on average the past decade. Shares are holding up...
ETF Sector Corner: Relative Strength in Big Cap Energy Group
Energy Select Sector SPDR Fund (XLE) - This ETF offers exposure to the U.S. energy industry, including many of the world’s largest oil producers. While XLE probably doesn’t make sense for those constructing a long-term buy-and-hold portfolio, it can be potentially...
Bull Put Spreads in Relative Strength Beauty Retailer
Ulta Beauty (ULTA has pulled back to the top of yearly value area and near the 55-week EMA, a place it has rebounded from this year as it stays one of the strongest retail stocks and overall growth stories in 2022. ULTA has large support in the 375 to 390 range where...
Energy Name Near Highs Setting Up Quick Weekly Trade
Seasonal Stock Setup: Small Cap Metals Name Holding Trend into Strong Calendar Month
Commercial Metals (CMC) has a strong seasonal history in October with 8 of the last 10 years higher for an average return of +3%. The months of November and December also have positive returns into year-end with November up +4% on average the past decade and December...
ETF Sector Corner: Biotech Showing Relative Strength in Sloppy Market
iShares Biotechnology ETF (IBB) - This ETF offers exposure to the biotech sub-sector of the healthcare industry, serving up access to a group of stocks that can thrive on technological breakthroughs and increased investment in medical processes. IBB is primarily...
Bear Call Spreads in Heavy Sluggish Biotech Name
Amgen (AMGN) shares are forming a bear flag as it retraced back t the top end of monthly value resistance near 235 before rolling back under the 21 EMA this week. A move under the VPOC at 228.60 can see a retest of recent lows as the stock is still stuck in a weak...
Seasonal Stock Setup: Insurer Bottoming into Seasonal Calendar Month
Chubb (CB) has a strong seasonal history in October with 8 of the last 10 years higher for an average return of +3.6%. This is the strongest calendar month of the year for CB. The months of November and December also have positive returns into year-end with November...
Seasonal Stock Setup: Investment Bank with Strong Tailwind into Q4
Morgan Stanley (MS) has a strong seasonal history in October with 8 of the last 10 years higher for an average return of +3.4%. The months of November and December also have positive returns into year-end with November up +5.6% on average the past decade. Shares are...
ETF Sector Corner: Gold Miners Shine with Weekly Bull Engulfing Candle
VanEck Gold Miners ETF (GDX) - This ETF offers investors exposure to some of the largest gold mining companies in the world, thereby delivering what can be thought of as “indirect” exposure to gold prices. Because the profitability of gold miners depends on the...