Trade of the Week
Seasonal Stock Setup: Payments Name Showing Relative Strength Near Highs
American Express (AXP) – AXP is a $122.95B integrated payments company. The Company provides its customers with access to products, insights and experiences that builds business. It also provides credit and charge cards to consumers, small businesses, mid-sized...
Seasonal Stock Setup: Software Name Breaking Out into Tax Season
Intuit (INTU) – INTU is a $144.8B software stock that helps consumers, small businesses and the self employed prosper by delivering financial management and services. The Company operates through three segments: Small Business & Self-Employed, Consumer and...
ETF Sector Relative Strength Corner: Cloud Infrastructure Group Rebounding off Inverted Bottom
Global X Cloud Computing ETF (CLOU) - The Global X Cloud Computing ETF invests in an index of companies that stand to benefit from the increased adoption of cloud-based computing, including firms that provide cloud-based software, platforms and infrastructure. Part of...
Credit Spread of the Week: Cloud Computing Name Building Base For Clearer Skies
Digital Ocean (DOCN) - DOCN is a $5.5B cloud computing company that went public about a year ago during the growth stock frenzy and saw a strong runup to a high of 133 in the Fall of 2021 before correcting with the rest of high growth tech to retest its IPO opening...
Leading Med-Tech Name Poised to Breakout of Wide Range
Boston Scientific (BSX) shares working above April’s value high on Friday and positioned well to break out of a multi-month range above $46. A breakout move would clear significant resistance going back to pre-COVID in 2020 and has a measured move up to $55. BSX has...
Seasonal Stock Setup: Tech Heavyweight Curling Higher into Space
Microsoft (MSFT) – MSFT is a $2.22T software leader and one of the top weights in the Nasdaq which is seasonally strongest in April as Technology sees an upside bias over the last 20 years. The QQQ Nasdaq ETF has been up 14 of the last 20 years in April for an average...
Seasonal Stock Setup: Resort Leader Coiling Up Into Stronger April
MGM Resorts (MGM) – MGM is a $19.2B international hotel and casino in the travel and leisure industry. The stock is back above its 200 day EMA and recently back near its YTD VPOC level at 43 which is also the midpoint of the sideways channel it spent much of the last...
Seasonal Stock Setup: Industrial with Strong April History Setting Up for Breakout
Emerson Electric (EMR) – EMR is a $55.4B machinery and equipment manufacturer with segments that include Automation Solutions; and Climate Technologies and Tools & Home Products, which together comprise the Commercial & Residential Solutions business. EMR also...
Seasonal Stock Setup: Social Leader Rebounding into Strong Calendar Month for Tech
Meta Platforms (FB) – FB is a $865B internet social technology company which is recently coming off a poor earnings report but that appears to be washed out as recent lows formed a double bottom base and have since rebound back over its 21 EMA as the 8 EMA crosses...
ETF Sector Relative Strength Corner: Freight Focused Group Showing Energy Off Recent Lows
iShares US Transportation ETF (IYT) - This ETF provides exposure to a benchmark that represents the transportation industry of the US. IYT is heavily exposed to two corners of the transportation market with railroads and trucking making up the two biggest sections by...