We have been doing so well on AEROSPACE AND DEFENCE ETF and happy to say it has just broken 2 majpr resistance levels in 1 session!
We are keeping our buy positions until it reached record highs and will be keeping an eye on this for the future.. for a long time
Fundamentally, aerospace and defence are industries that have a bright future and are becoming...
Long awaited recovery of aerospace and defense sector, probably time for a recovery here as the Feds are examining to support this industry in the next round of stimulus.
Let's see if we finally have a proper lift-off
Highly Bullish on SPDR SERIES TRUST S&P AEROSPACE & DEFENSE ETF USD.
Space exploration on the rise, space mining in the planning, internet and control from space, defence from space = i am BUYING this like crazy!
One area investors and traders should take a look at is the Aerospace and Defense industry ($XAR as proxy), which is currently the best performing industry year-to-date (as of July 5th), generating 28.59%.
On a technical basis, $XAR is trading above all three EMAs, indicating strong price action at the moment. Further, its RSI as been steadily trending higher...
XAR has lots of weakness, it is in a weak sector & moneyflow is very weak, and the overall market is weak now. Moreover it has a lot of insider selling. On the technical side it is forming a declining neckline head & shoulder formation.
Overall it looks very good short.
You can check our detailed analysis on XAR in the trading room/ Executive summary link...