Trade of the Week
Quick Weekly Put Trade in Sluggish Software Stock
Seasonal Stock Setup: Outdoor Recreation Retailer Showing September Tailwind
Camping World (CWH) has a strong seasonal history in September with 4 of the last 5 years higher in September for an average return of +6%. The stock also benefits from lower gas prices and if the seasonal tendency of lower oil prices into the Fall continues then it...
Seasonal Stock Setup: Energy E&P Name Trending with September Strength
Marathon Oil (MRO) has a strong seasonal history in September with 7 of the last 10 years higher in September for an average return of +2.5% and 4 of the last 5 years higher for a return on average of +6%. This lines up with its sector the Oil and Gas Exploration...
ETF Sector Corner: Steel Producing Sector Showing Relative Strength
VanEck Steel ETF (SLX) - This ETF gives investors exposure to publicly traded companies primarily involved in steel production, including the operation of manufacturing mills, fabrication of productions, and the extraction and reduction of iron ore. SLX is poised to...
Bull Put Spreads in Leading Integrated Steel Producer
US Steel (X) has held up well the past week and put in a green bull engulfing weekly candle as materials stocks showed relative strength with the market pulling back. The stock is seeing a weekly bull MACD cross and recently held the 23 yearly VPOC support. A move...
Weak Memory Name Pointing to Quick Breakdown Trade
Seasonal Stock Setup: Online Travel Leader Has Bullish Tailwind into Autumn
Expedia (EXPE) has a strong seasonal history in September and October with 8 of the last 10 years higher in Sept for an average return of +4.25% and +2.2% in October. September has been the strongest calendar month the past 10 years tied with April for best average...
ETF Sector Corner: Leisure Sector Shaping Up Strong September Seasonally
Invesco Dynamic Leisure & Entertainment ETF (PEJ) - This ETF offers exposure to U.S. media companies, making it an option for gaining targeted exposure to a specific sub-sector of the consumer discretionary industry. As such, this fund probably won’t have much...
Bull Put Spreads in Oil Services Leader
Schlumberger (SLB) has formed an inverted bottoming pattern this summer after crude oil prices corrected back to its 200 EMA. SLB is now poking higher above the monthly value area and saw an 8/21 EMA bull cross last week and closed above the 55 EMA showing a trend...