With constrained trade routes between the U.S. and China, I want to own a piece of whomever is steering or parking those big ships off the port of Los Angeles and elsewhere.
With earnings season starting in earnest Wednesday, both indexes have offered investors nothing but lower highs coupled with lower lows since the start of September.
The corrective process continues as we await inflation news.
While there is plenty of bearish macro talk, traders still have plenty of cash they want to put to work.
Suggested higher forthcoming rates could become an issue for equities.
I have made approximately a dozen profitable trades in this name using this strategy within my portfolio.
10-Year Treasury yields breaks above resistance.
As we end the trading week, I believe these names can still be bought here.
Something that should never go out of fashion is buying stocks with excellent potential for future gains.
There's good follow-through buying Thursday, but another good close is needed to restore confidence in an uptrend.