Trade of the Week
ETF Sector Relative Strength Corner: Online Security Group Setup to Continue Uptrend
First Trust NASDAQ Cyber Security (CIBR) - The CIBR ETF is a relatively new offering the last 6 years as cyber security has become a big part of the internet sector with newer growth companies like NET, FTNT, and CRWD building a presence in the space along with old...
Top Copper Play Set for Breakout Run in Early 2022
Freeport (FCX) consolidating in a multi-week range above the 55-EMA and just below the top of December value. FCX has been in a wide base under $40 since mid-June and a breakout move has room to $47.50. FCX has seen a lot of bullish flow recently including large...
Credit Spread of the Week: Steel and Iron Ore Stock Back at Long Term Support
Cleveland Cliffs (CLF) - CLF is a vertically integrated producer of iron ore and steel products. The stock had a strong 2020 and start to 2021 moving up to about 26 this summer before seeing a pullback the last few months to long term support at the 200 day EMA and...
Seasonal Stock Setup: Energy Name Trying to Bottom Ahead of January Seasonal Strength
Valero Energy (VLO) - VLO is a leading refiner stock that has pulled back near its 200 EMA and is starting to build momentum higher as RSI makes higher lows. The stock has positive seasonal history in December and January with both months up 6 of the last 10 years....
Seasonal Stock Setup: Tech Equipment Name Coiling in Squeeze Pattern
Applied Materials (AMAT) - AMAT has been a strong Semiconductor standout this year with the group leading the Tech rally. AMT spent most of Spring and Summer consolidating in a long base pattern which resulted in a breakout above YTD VPOC over 140 and a high nearly to...
Seasonal Stock Setup: Agriculture Stock Poised to Revisit Highs into Year End
CF Industries (CF) - CF is a fertilizer name in the Ag space that has seen some strong trends this year as the stock recently rallied from 45 in mid September to a high of 68 before pulling back to its 55 EMA this month. The stock has recovered back into monthly value...
Seasonal Stock Setup: Strong Trending Semi Name Entering Seasonal Boost
ON Semiconductor (ON) - ON is part of the Semi group that has shown great relative strength as of late and with the pullback potentially setting up a nice seasonal buy the dip opportunity as the stock may retest its 21 EMA and top of monthly value. ON has been...
ETF Sector Relative Strength Corner: Natural Resources Sector Next to Find New Highs
Basic Materials (XLB) - The resource and materials sector only represents about 2.5% of the S&P but continues to show resilience on every pullback and a strong relative strength index of 57 now after RSI came back and reset. On the recent dip in XLB, it was merely...
Credit Spread of the Week: Semiconductor Leader Building Long Base in Bull Trend
Taiwan Semiconductor (TSM) - TSM has been consolidating 2020 gains for much of the last 6 months of this year building a long base near the stocks year to date VPOC just under 120. The stock is a lower volatility Semi leader compared to its peers like AMD and NVDA but...
Post-Spin Health and Wellness Retailer Setting Up for Breakout
Bath & Bodyworks (BBWI) shares consolidating in a narrow range above the 8- and 21-EMA with the top of monthly value just above Friday’s highs. A breakout move has room to move back to $82-$83 and above the August highs. BBWI has seen a lot of bullish flow...