Trade of the Week
ETF Sector Corner: Low Volatility ETF a Place for Safety into May
Invesco S&P 500 Low Volatility ETF (SPLV) – This ETF tracks an index consisting of some of America’s largest companies. As a result, investors should think of this as a play on mega and large cap stocks in the American market. These securities are usually known as...
Bear Call Spreads in Healthcare Name Back at Stiff Resistance After Rebound
United Healthcare (UNH) has been popping since its earnings report a week ago but now the stock is short term overbought and right into the 200-day MA resistance level near 508 as it hit that on Friday and faded from it. UNH likely has some time to churn around this...
Quick Weekly Trade Setup in Top Broker
Charles Schwab (SCHW) shares of the broker are continuing to be one of the stronger charts in the entire market among large caps and forming a high tight bull flag the past week while the market got rocked, showing incredible resiliency. SCHW isn’t the biggest mover...
Seasonal Stock Setup: Strong Calendar Month Points Higher for Packaged Foods Name
Pilgrim’s Pride (PPC) has held up well this month in the market weakness and the packaged foods name has a solid track record of bullish seasonality in April with 8 of the last 10 years positive with average returns for the month of +8% making it the strongest...
ETF Sector Corner: Uranium Sector Forms Strong Weekly Cup and Handle
Global X Uranium ETF (URA) – This ETF gives investors an opportunity to achieve exposure to uranium, an important mineral that currently is inaccessible via futures. For investors looking to bet on increased demand for a raw material used widely in power...
Bear Call Spreads in Sluggish Tech Name at Resistance
Twilio (TWLO) has been weak since its large earnings gap down selloff in February and has formed a ugly bear flag on the weekly chart into the 8 week EMA and large 2023 yearly VPOC resistance at 63.00. An ideal zone to sell bear call spreads in this market and look...
Quick Breakdown Trade in Lagging China Tech Name
Alibaba (BABA) shares of the China name are poised to breakdown under monthly value area of 71.50 with Fridays bear candle and a lot of open space below here to fill in a gap lower near 68.50. The China stocks continue to show massive relative weakness and with...
Seasonal Stock Setup: Farm Focused Retail Name Showing Relative Strength into Spring
Tractor Supply (TSCO) has held up well lately with other retail names slipping and TSCO tested and bounced off key support this week. The stock shows a strong seasonal history in April the past 15 years being higher in 12 of 15 years for an average April return of...
Bear Call Spreads in Aerospace Name Unable to Takeoff
Boeing (BA) has been trying to rebound off the recent lows near 178 and last week tested strong resistance at the 8-week EMA and yearly value area of 195 before failing and rolling back lower. The chart looks vulnerable to another leg down now, so any rallies are...
Quick Weekly Trade Setup in Coiled Chip Name
Taiwan Semi (TSM) shares of the semi giant are coiling in a tight range the past few weeks and squeezing tight inside the bollinger bands as it consolidates the early March rally and holds above the 21 EMA on each dip recently. TSM has its monthly March sales numbers...