I like the defense sector, as it’s continuing to show great relative strength. Let’s look at the ETF as well as a couple of my favorite names in the industry group.
The indexes ran out of momentum at the highs, and quickly pulled back to the mean. The question here is if this level of support will break, or not. We don’t have the answer to that yet, but here are the tickers and levels I’m watching. Let’s look at GLD, TLT, XLP, KO, PEP, COST, and more.
There are a lot of potential interesting setups here, most of them on the short side.
This is a follow-up video to last Friday’s HPMR daytrading explainer. This is a type of daytrading approach I developed many years back using time and volatility based levels to project highs and lows to set up trades from. In today’s example I walk through the Russell HPMR trades.
As we kick off this week, remember that we are inching to the end of the month AND the end of the quarter. Here’s what is on my Radar.
