Trade of the Week
Seasonal Stock Setup: Hot Energy Producer Bull Flagging In Strong Trend
Cameco Corp (CCJ) - The uranium industry has been hot this year with URA ETF up 85% year to date and it's just now heading into the seasonally bullish time of year for the commodity. The Uranium ETF URA has been up 4 of the last 5 years in November and December for an...
Seasonal Stock Setup: Rails Riding Higher into the Holidays
CSX Corp (CSX) - The transports have been rock solid since early in Q4 when they broke a downtrend and now overall continue to look strong into the second half of November. CSX is a railroad leader that has a bullish chart setup and positive seasonality in November...
Seasonal Stock Setup: Financial with Bullish Year End Tendencies
Bank Of America (BAC) - The financials have had a nice start to Q4 with XLF up over 7% on the quarter. The tendency is for banks to lead into the 4th quarter as the last 10 years has shown a bullish bias. The most recent 5 years the Financials sector XLF has been up...
Seasonal Stock Setup: Chemical Leader Bubbling Out of Basing Pattern
Dow Chemical (DOW) - The materials sector's seasonal strength into November continues as XLB is at fresh highs on its way to the 11th straight positive November. Another Materials stock that has yet to participate in the sector advance is DOW. The stock is up slightly...
ETF Sector Relative Strength Corner: Healthcare High Tight Flag Points to New Highs
Healthcare (XLV) The XLV Healthcare ETF is the 2nd biggest sector in the S&P at about a 13.4% weighting in SPY. The sector is up 18% YTD and has consolidated recently to start November at YTD VPOC support near 133. The Healthcare group is flat this month but has a...
Credit Spread of the Week: Tech Innovator Ready to Stream Higher
Spotify (SPOT) - SPOT was one of the big gainers of 2020 and has taken most of the last 6 months to form a long base bottoming pattern around its YTD VPOC support zone near 250. Recently SPOT made a higher low to end September and rallied back over its 200 day EMA to...
Bullish Setup in Top Semi Play
Taiwan Semi (TSM) forming a big weekly base under $122.50 and looks poised to break out after pulling back to the top of monthly value and hammering on Friday. Shares are nearing a bullish MACD crossover on the weekly timeframe after pulling back to zero while RSI is...
Seasonal Stock Setup: Tool Leader Breaking Downtrend into Strong November
Stanley Black & Decker (SWK) - The industrial sector seasonal strength into November continues to play out and SWK is a name that has lagged the last few months after a strong start to 2021 hitting a high of 225 in May before retracing all the way back to its YTD...
Seasonal Stock Setup: Consumer Staple Basing Into Long Term Support
Kimberly Clark (KMB) - Consumer Staples held up well today while there was a risk off feel to the markets overall with bond yields, gold, and the dollar index stronger. If the market is to pullback into mid November, it makes sense to look at the Staples group for any...
Seasonal Stock Setup: Small Financial Bull Flag in Strong Trend
KeyCorp (KEY) - Smaller regional banks have been trending in a strong way since late summer and KEY is one that is popping up on the seasonality metrics I track and also moving back over monthly value and the 8/21 EMA. KEY has been up 9 out of the last 10 years in...