Trade of the Week
Bull Put Spreads in Ag Commodity Leader at Support
Archer Daniels Midland (ADM) has pulled back to its 200 EMA and the 50% retracement of the rally from July to Sept which finds support at this 80-dollar price level. The stock has held up better than the broad market and likely can bounce back to the 84-86 level with...
Lodging Growth Name Ripe for Quick Weekly Put Trade
Seasonal Stock Setup: Gaming Operator Gets Boost Ahead of Seasonal Tailwind
Wynn Resorts (WYNN) has a strong seasonal history in October with 8 of the last 10 years higher for an average return of +3.4%. Even going back 20 years the seasonal strength shows up with average returns of +3.7% in October. The months of November and December also...
ETF Sector Corner: Utilities Back at Support Into Strong Seasonal October
Utilities Select Sector SPDR Fund (XLU) - This Sector SPDR is one of the most popular options for investors looking to gain exposure to the U.S. utilities sector, a corner of the domestic stock market known for relatively low volatility and relatively high...
Bull Put Spreads in Defense Name Showing Relative Strength
Lockheed Martin (LMT) has pulled back to its 200 EMA and had been holding up very well until the past few days of market liquidation selling. The stock is still up 16% YTD and showed relative strength off the July lows as it is still well above compared to the overall...
Quick Weekly Trade Setup Above Key Trendline
Seasonal Stock Setup: Specialty Chemicals Name Heading into Strong Seasonality
PPG Industries (PPG) has a strong seasonal history in October with 8 of the last 10 years higher for an average return of +5.6%. The month of November also has strong seasonal history with average gains of +3.2% the past 10 years. These are the two strongest months on...
Seasonal Stock Setup: Mortgage Origination Name Sees Bullish Tailwind
Mr. Cooper (COOP) has a strong seasonal history in September with 7 of the last 10 years higher in September for an average return of +6.8%. The month of November also has strong seasonal history with average gains of +4.4% the past 5 years. This matches the financial...
ETF Sector Corner: Financials Setting Up into Bullish Seasonality
Financial Select Sector SPDR Fund (XLF) - This fund provides exposure to an index that includes companies from the following industries: diversified financial services; insurance; commercial banks; capital markets; real estate investment trusts; thrift & mortgage...
Bull Put Spreads in Fertilizer Name Back to Support
Mosaic (MOS) has pulled back to its 200 EMA and lower edge of monthly value area and formed a hammer candle reversal Friday off the 50-support level. The stock has been a leader in the ag sector all year but recently pulled back off highs and looks oversold enough for...