The French Elections are here, Sunday to be exact, and traders are on edge. Heading into the election, the S&P 500 looks very healthy and constructive, with the $SPY closing at a fresh new high. The daily chart is actually a thing of beauty, see below:
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Should the market like the poll results, this may be all we need to juice this chart above to the upside. Should the reverse happen, well, watch out below (trapped traders at highs).
After a big week of earnings, and fresh highs on the $SPY, here are the strongest stocks inside our software: CLICK HERE FOR CHARTS
Now that I gave you the goods, feel free to list your favorite ticker in the comment section for review. This should be another fun trading week up ahead, study up, and make sure to get inside our Exodus trading room.
Have a good weekend all.
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I like AEO, FNSR, NOC
AEO is setup nicely for a quick trade. NOC is a beauty, and FNSR easy to manage using 20 day MA.
I likes.
Agree with you on SPY. With Central Banks publicly buying equities (BOJ, SNB etc), companies engaged in HUGE share buybacks (AAPL etc) I would be surprised if the SP500 does not double from here.
If there is a correction, funds and government entities will buy the dip aggressively – the govt and Fed will not allow equities to ever fall in a meaningful manner.