Trade of the Week
ETF Sector Relative Strength Corner: Transports Bottoming To Start Q4
Transports (IYT) The transportation sector is up about 4% to start the month of October and showing great relative strength the last several days as the market stays volatile and choppy overall. IYT is trying to break out of a 6-month downtrend which saw price...
Seasonal Stock Setup: Long on Lodging Leader
Marriott International (MAR) - The travel and lodging sector is seeing relative strength as of late with key stocks trending higher. Marriott is one hotel name that has a strong seasonal tendency to rally into Q4 with October seeing upside in 70% of the prior 10 years...
ETF Sector Relative Strength Corner: Financial Sector Staying Strong
Financials (XLF) The Financial sector is only off about 3% from their 52 week highs and has been benefiting from a tick higher in yields. The XLF is pulling back the last few days back to its 21 EMA after the recent runup back into monthly value. The 37-38 zone has...
Seasonal Stock of the Week: Social Leader Builds Energy Into Year End
Match Group (MTCH) - Match has a strong seasonal tendency to rally into Q4 with October seeing upside in 80% of the prior 5 years and an average return of +2.51% for the month. November has been flat while December has seen stronger upside with an average return of...
Emerging Software Leader Offers Nice Risk/Reward for Move Back to New Highs
Bill.com (BILL) shares pulling back to the top of monthly value and forming a narrow bull wedge with a run above $270 setting up for a run to $289.50 VPOC and then $300. The post-earnings consolidation can make a bigger move to $350. MACD and RSI have reset back and...
Credit Spread of the Week: Aerospace Leader Due for Flight
Boeing (BA) - Boeing has been in a downtrend most of the summer as industrials have underperformed but on a longer term timeframe came back down to year to date value low and held support near 210. The stock is back above its 55 and 200 EMA as the 8/21 EMA had a...
ETF Sector Relative Strength Corner: Energy Services Pumping Higher
Oil Services (OIH) The Energy sector has been about the only group that has held up well in September and finished positive by 6% for the month. The Oil Service ETF is pulling back the last few days after a bullish 8/21 EMA cross and looming 21/55 EMA bull cross....
ETF Sector Relative Strength Corner: Safety Seen in Staples
Consumer Staples (XLP) The Staples sector has been pulling back with the overall market in late September but Wednesday outperformed the market as the safety trade came back for Staples and Utilities. If the broad market is set to continue seeing distribution to start...
ETF Sector Relative Strength Corner: Regional Banks To Rise with Yields
Regional Banking (KRE) The Financial sector has been outperforming the market in late September since interest rates have risen post FOMC meeting. The Regional Bank slice of the Financials gives a way to invest in the smaller to midcap Banks across the country without...
Best-of-Breed Semiconductor Bound for New Highs
Broadcom (AVGO) consolidating in a multi-week range under $510.50 and new highs while holding the recent re-test of the 55-EMA. Shares are above monthly value and positive medium- and long-term trends are well intact, so potential for a breakout continuation and move...