Trade of the Week
Seasonal Stock Setup: Cloud Technology Name Forming Bottom Into Seasonal Strength
Salesforce (CRM) – CRM is a $215.3B tech leader focused on customer relationship management (CRM) technology. The Company's Customer 360 platform delivers a source which connects customer data across systems, applications and devices to help companies sell, service,...
Seasonal Stock Setup: Global Computing Leader Forming Basing Bottom
Intel (INTC) – INTC is a $211.6B tech leader producing semiconductors globally and has been weaker than its peers the past year as its actually down year over year but back at levels recently at 45 where it bounced off from several times in the last 3 years....
Seasonal Stock Setup: Specialty Retailer Showing Relative Strength into Strong Seasonal Month
Ulta Beauty (ULTA) – ULTA is a $18.9B beauty retailer and the premier beauty destination for cosmetics, fragrance, skin care products, hair care products and salon services. The stock is above all its key moving averages after the recent bounce and just 8% off its 52...
ETF Sector Relative Strength Corner: Solar Space Catching Momentum Amid High Energy Costs
Invesco Solar ETF (TAN) - The cleverly-named TAN delivers targeted exposure to the solar power energy, making it potentially useful for both betting on long-term adoption of this energy source or capitalizing on perceived short-term mispricings. Like many granular...
Credit Spread of the Week: Beaten Up Fintech Leader Ready for Rebound
Coinbase (COIN) - COIN is a $36.5B internet financial technology leader that provides end-to-end financial infrastructure and technology. It is primarily focused on building the crypto economy, a transparent financial system enabled by crypto that leverages crypto...
Bullish Setup in Top Refiner Looking to Extend Recent Weekly Trend Breakout
Valero (VLO) strong setup with shares flagging under $93.50 and looking for continuation of the long-term uptrend which measures out to $102-$105. Shares broke out of a big range in early 2022 and the recent consolidation has been holding steady above the prior...
Seasonal Stock Setup: Wireless Leader Clearing Bullish Cup and Handle
T-Mobile (TMUS) – TMUS is a $126.9B tech name engaged in providing wireless communications services. The stock has a very bullish chart structure as it moves out of its recent range and coiled handle pattern ahead of a strong seasonal period. Going back 15 years, TMUS...
Seasonal Stock Setup: Tech Equipment Growth Name Ready to Resume Strong Trend
Arista Networks (ANET) – ANET is a $9.1B tech equipment name that has been showing relative strength this month while Tech stocks faced pressure, it never got under its 200 day EMA and instead rebounded nicely off that level near 110. Now with the market bouncing and...
Seasonal Stock Setup: Bulls in Good Hands with Relative Strength Insurer
Allstate (ALL) – ALL is a $34.2B insurance name in the financial sector with a 2.7% dividend yield and at highs of the year while the market remains sluggish. Many insurance stocks overall have shown some impressive upside action this month and ALL has some room left...
Seasonal Stock Setup: Home Hardware Name Bull Flagging into Strong Spring
Lowe’s (LOW) – LOW is a $151.6B home improvement retailer showing some impressive relative strength during a weak market environment and is building a bull flag right at YTD VPOC which may act as a coiled level to launch off. The stock is holding above its 8/21 EMA...