As far as the way I see things we have a very limited amount of decent risk reward entries; this is no surprise given the straight up move we have witnessed since the election. Sideways action would do wonders to a lot of charts and set them up better for a second move higher. Holding on to your current holdings and or waiting for some corrective price action via price or time is probably your best bet as a swing trader.
With that being said, below you can have the Top 20 Sectors based on 3-month momentum. This is always good to know since a bulk of a stock’s move is correlated to its sector/industry move.
Most of the individual stocks within the above sectors are extended in the short-term.
Frank Zorrilla, Registered Advisor In New York. If you need a second opinion, suggestions, and or feedback in regards to the market feel free to reach me at firstname.lastname@example.org or 646-480-7463.
This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this blog constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog. The stocks presented are not to be considered a recommendation to buy any stock. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.
Share This Story, Choose Your Platform!