Trade of the Week
ETF Sector Corner: Consumer Discretionary Breaking Out Relative to Staples
Long Consumer Discretionary/Short Staples (XLY/XLP)- As an interesting way to look at the current trend in consumer related stocks I wanted to highlight this trend that has been strengthening since the start of November with XLY Consumer Discretionary outperforming...
Bull Put Spreads in Life Sciences Name Rebounding from Key Support
ThermoFisher (TMO) has pulled back to the past few months to test its yearly value area low support near 500 and so far has rebounded sharply back to the 530 level and back over 200 week EMA and the yearly POC. Options flows have several large put sales lately...
Strong Earnings Drift in Software Growth Name Sets up Quick Trade
Snowflake (SNOW) shares of the software name are seeing a strong post earnings drift setup as it spent the past week flagging near the recent highs after blowout earnings were reported and a ton of bullish flow continues to hold in December expiration, making it a...
ETF Sector Corner: Home Construction Group Setting up Rebound into Year End
iShares U.S. Home Construction ETF (ITB) – This ETF offers exposure to the U.S. homebuilding industry, and as such offers exposure to a corner of the domestic economy that tends to be cyclical in nature. In addition to pure play homebuilders, this fund includes...
Bull Put Spreads in China Financial Platform After Retracing Back to Support
Futu Holdings (FUTU) has pulled back to a large zone of support the past month after the strong rally and now retesting the YTD anchored VWAP at 82.50 and bouncing from there last Friday while also being very close to the 61.8% fib retracement from the August lows to...
High Beta Financial Growth Name Sets up Quick Weekly Option Trade
Upstart (UPST) shares of the financial payments name continue to show great relative strength and holding a solid post earnings drift setup after they gapped higher into the 80 level this month and consolidated back to the 8 EMA last week finding support. UPST now...
ETF Sector Corner: Precious Metals Group Sees Pullback to Support with Call Buyers
Global X Silver Miners ETF (SIL) – This ETF gives investors an opportunity to achieve exposure to silver without holding the physical metal or encountering the nuances of a futures-based strategy. For investors looking to bet on increased demand for a raw material...
Bull Put Spreads in Casino and Resort Pulling into Strong Support
Las Vegas Sands (LVS) has pulled back nicely to a confluence of support with the 55 day MA and YTD anchored VWAP just below at 47 while the 200 day MA also near 46.50. Last week also seeing the 55/200 bull golden cross higher showing this price momentum has shifted...
Banking Leader Setting up Quick Breakout to Highs
Citigroup (C) shares are bull flagging in a strong post earnings drift pattern that suggests higher prices as Friday closed green in a weaker market and C held its 8 day EMA. C has room to run up through 70 and up to the VPOC oeverhead at 71.50 as a first target which...
ETF Sector Corner: Insurance Sector Sees Bulls Position for New Highs
SPDR S&P Insurance ETF (KIE) – This ETF gives investors a way to play insurance companies, a sub-sector of the financial sector that offers a unique risk/return profile relative to traditional financial exposure. Whereas financial funds such as XLF are dominated...