Today we have a mixed of old and new. Some setups from prior weeks are still in play and near their breakout zones. Four of these are in the Healthcare sector, which is the hottest sector in the market right now. Among the new stocks, we have two bullish setups in the Industrials sector and one in the Materials sector. For the first time in a long time, I am seeing some bullish possibilities in the Metals & Mining SPDR (XME) and FCX accounts for 4.75% of this ETF.
Keep in mind that these setups are ideas for consideration and further due diligence is required. See if the setup meets your criteria and trading or investing style (strategy). In addition, plan the trade or investment before initiating and follow that plan. It is ok to adjust the plan on a periodic basis, but make sure you have a clearly defined evaluation process in place.
