Today may see the Dow Jones Industrials continue to toy with the 20,000 level. I have exposure to strong themes, such as financials and energy, and am opportunistically looking to add exposure to my other themes of value and small-caps.
I recommended a good play on the small-cap iShares Russell 2000 (IWM) into year-end, but I don't have any open trades there now.
Payments companies are one avenue to participate in the growth of ecommerce transactions. Companies in this space include MasterCard (MA) , Visa (V) , Vantiv (VNTV) , Fiserv (FISV) , Total System Services (TSS) , Global Payments (GPN) , Square (SQ) , Paypal (PYPL) and First Data (FDC) .
In fact, MA made a new all-time high on Friday. I wondered how MA has fared after making a 60-day high. Here's a table with the forward returns for MA since 2013 under this setup:
MA tends to rally a bit 20 days out after making a 60-day high. I think MA finds support between $100 and $103.