Trade of the Week
Relative Strength Name Setup for Weekly Option Trade
Seasonal Stock Setup: Leisure Travel Name Setting Up Turnaround into Year End
Royal Caribbean (RCL) has a strong seasonal history in September with 8 of the last 10 years higher in September for an average return of +3.8%. The month of November also has strong seasonal history with average gains of +5.8% the past 10 years as well as being up...
Seasonal Stock Setup: Entertainment Resort Leader Sees September Strength
Caesar’s (CZR) has a strong seasonal history in September with 5 of the last 5 years higher in September for an average return of +10%. The month of November also has strong seasonal history with average gains of +18% the past 5 years as well so worth keeping in mind...
ETF Sector Corner: Air Travel Group Setting Up Flight Higher
U.S. Global Jets ETF (JETS) - The ETF tracks an index of companies involved in the air travel industry, including airline operators, manufacturers, airports and terminal services. Top holdings include airlines like American, Southwest, United and Delta. The bulk of...
Bull Put Spreads in Oversold Biotech Name
AbbVie (ABBV) has pulled back to flat year to date after a strong advance in the first half of year. The 135-level held double bottom support recently and the stock now is reclaiming the 200 EMA and above 140 as the MACD crosses higher. The weekly chart is oversold...
Weekly Option Breakout Setting Up in Green Energy Name
Seasonal Stock Setup: Specialty Consumer Discretionary Name Setting Up Breakout
Bath & Body Works (BBWI) has a strong seasonal history in September with 8 of the last 10 years higher in September for an average return of +6.3%. The month of November also has strong seasonal history with average gains of +10.3% the past decade. Shares are...
Seasonal Stock Setup: Relative Strength Beauty Retailer with September Tailwind
Ulta Beauty (ULTA) has a strong seasonal history in September with 7 of the last 10 years higher in September for an average return of +5.2%. The month of November coming up also has strong seasonal history with average gains of +6.6% the past decade. Shares are...
ETF Sector Corner: Transports Holding Key Support Into Seasonal Strength
iShares US Transportation ETF (IYT) - This fund, issued by iShares, provides exposure to a benchmark that represents the transportation industry of the US. An investment on the transportation industry could reach into multiple tiers of the economy, as consumer goods...
Bull Put Spreads in Consumer Discretionary E-Commerce Giant
Amazon (AMZN) has pulled back to fill its large earnings gap recently and is forming a fairly normal bullish falling wedge into 125. The stock ran up to the 145 level after earnings and has its monthly VPOC at 142 so a potential upside target if it can get through 130...