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Back on March 5th of this year, I wrote a post for members inside the 12631 Trading Service discussing the bullish setups on a variety of charts in the lodging sector. It is an industry that rarely gets much traction amongst the hot money traders. Nevertheless, the charts of most of the key lodging firms are extremely impressive and basically speak for themselves, as you can see below.
In addition to real estate and biotechs, lodging appears to most certainly be a stealth area in demand this year. It is also noteworthy to see how well these charts have performed during this recent market correction, which may or may not have concluded. Either way, you are talking about resilient price action supported by ample buying volume. When you think about the implications of hotel stocks leading the charge higher, it is tough to be a bear on the market and economy looking out several months.
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Nice Chess. Throw in VAC.