As Stocks Soar Following Trump Speech, CXW, Harley Davidson And Coal Burning Extra Bright

Following Trump’s very Presidential speech to congress – which pundits on the left are having a hell of a time criticizing, equities are soaring. In particular, coal stocks, private prisons, and of course – Harley Davidson are on fire after being singled out by the President for growth.

I just met with officials and workers from a great American company, Harley-Davidson. In fact, they proudly displayed five of their magnificent motorcycles, made in the USA, on the front lawn of the White House.

We have undertaken a historic effort to massively reduce job‑crushing regulations, creating a deregulation task force inside of every Government agency; imposing a new rule which mandates that for every 1 new regulation, 2 old regulations must be eliminated; and stopping a regulation that threatens the future and livelihoods of our great coal miners.

To protect our citizens, I have directed the Department of Justice to form a Task Force on Reducing Violent Crime.

I am going to bring back millions of jobs. Protecting our workers also means reforming our system of legal immigration. The current, outdated system depresses wages for our poorest workers, and puts great pressure on taxpayers.

Is it any wonder stocks are off to the races today?

And let’s see how Harley Davidson ($HOG), Coal stocks ($ARCH), and private prison stock CoreCivic ($CXW) are doing:

It should also be noted that Harley Davidson ($HOG) was flagged oversold by the iBankCoin Exodus algorithm 4 trading sessions ago, and CoreCivic was flagged overbought 5 trading sessions ago. While it may seem intuitive that OB = going down and OS = going up, that’s not always the case – and you have to look under the hood. Many times, stocks climb a wall of worry – and Exodus keeps careful track of performance once signals are thrown. You can see that after just 7 days, Harley Davidson ($HOG) has gone up an average of 5.78% 7 out of 7 times, while CoreCivic’s ($CXW) overbought has gone up an average of 3.29% 6 out of 9 times.

When analyzing an investment in Exodus based on these indicators, it’s important to note the % of times up, the average return, and the number of days held since the flag was thrown. While no single indicator should be solely relied upon for an investment decision, it’s helpful to know how stocks have performed following a flag in the system.

 

 

 

 

 

 

 

 

 

 

Disclosure: Long $CXW

If you enjoy the content at iBankCoin, please follow us on Twitter