Today’s winners were found in aluminum, healthcare, and industrials. The Trump administration announced plans to examine aluminum imports. It certainly looks like protectionist policies will be abundant in both steel and aluminum industries. With X getting slammed today, the discount makes for an enticing buying opp.
A wide array of healthcare stocks lifted higher today, such as PRGO, TARO, ALNY and KITE. I wouldn’t boggle the mind over trying to figure out why. We’re in a bull market and sectors will take turns breaking out higher. The key now, obviously, is to find the next one to go.
Top rated sectors in Exodus include a sundry of basic material plays, financials and services. Retail shot higher today, not for any discernible reason. It was merely oversold and time to revert back to the mean.
One of my favorite chart patterns is the long consolidation, edging towards breaking higher. I’ve digitized the formula that produces a screen to find these stocks. It’s in Exodus (join you misers).
Here are a few on my radar.
AEO, APA, TRIP, RL and ICPT.
There are many oil and gas plays dying to break out. But oil has been stubborn and range bound for months — leaving the sector out in the cold as everything heats up around it. If I might propose a scenario that might change things, consider Saudi Aramco is scheduled to IPO in 2018. I can see no environment, other than a raging hot one, that the Kingdom would permit its crown jewel to go public. The valuation will be of the record varietal, upwards of $1.5t. You’d be wise to trade ahead of that eventuality and start by accumulating oil stocks — now — with great vigor and tenacity.
Top oil pick: OAS
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RED, RED, and, RED
no 200 dow today
let me rephrase
no piggyback headline gap open 200 dow today
your little algos worked all day to reverse downdrift
didnt
fucking
work
REDREDRED
Gold – GREEN
$IWM – GREEN
Blue Horseshoe loves Anacott Steel