Another opportunity here to get in at a lower price on a bigger name with Reward risk of 1.98
Every time there's a chance to get on on Mastercard or Visa, we will pull the trigger as long as the economic environment is favorable to it.
Whenever there's a chance to get in at a lower price on a stock such as CPRI, we take the opportunity.
Overall retail will perform decently on re-opening theses and people returning to jobs.
R of 1.32 is decent although not the best, but with the potential for it to move, we can set alerts and move Stops to B/E at the alert ray
Considering how this has played out in the past and the current economic environment, we continue to pick our spots to go long copper.
Not the best R ratio but as usual we can make it better once in profit by moving TP up and SL to Breakeven.
Sector ETFs are great ways to make long term plays and gain more than just buying the broader market.
We like industrials on several factors including re-opening.
However, we can't emphasize enough that our system is more based on Reward to Risk Ratios and having the right Stop-losses on swing trades
as well as long term investments.
Industrials and Basic...
As previously published on the XLE idea, energy is not done yet and oil has higher price to go.
PBA is one of our favorites here at Flightschool.
It is possible to wait for a better entry but either way we like this as a good long term hold with a monthly dividend while you wait.
Booking.com re-travelling play here looks good for a swing trade. Again, very important to keep good Reward to risk ratio (1.68) .
The best plays are like this one that have room to the upside although the candles aren't the best.
Again we're jumping on a trend that has already started so I want to give the reminder that these should have smaller position sizes in your
swing trading strategy.
PTON which was previously one of our longs is one of Affirms bigger customers so you could see how the comps compare to last year.
Another reminder is here at Flightschool we try to emphasize...
FCX is currently sitting above a support area so we wouldn't call this the absolutely best trade.
That said, maybe a 2% max trade risk on it hitting the Stop-loss while keeping in mind that other ideas are available and better.
However, if it does make a strong move off support, moving the TP higher and SL to breakeven will turn an ok trade into a great...
XLE is sitting at a support area and has a decent R of 2.08 if it makes another move back to previous highs.
A play can also be made on CVX, XOM or one of my favorites for a Swing OR Hold play, PBA. If you like dividends then PBA provides
while you wait for an up-move.
Copper rising and the dollar falling trend look ripe to continue
FCX is a good copper play on what is a decent support area
a move to the upside is proabable but we would prefer a small position size since :
1) the R of 1.29 isn't the best and
2)MACD doesn't look the best.
There's no real unique business model here and they do not separate themselves from competitors
More importantly we like the technical setup
1) MACD crossing at a good point
2) current strong trend to the downside
3) R = 1.77
This one will have to be monitored and TP moved to lock in a better R later. If we were earlier in the trade it wouldn't have to be the case.
We've been waiting for a good entry to a HIBB short and this looks like it.
On the initial entry is an R of 1.33 but we can move our TP lower as price moves our way.
The bearish daily candle closed right on the 9SMA (just the script has it as 20)
*Remember to Keep short position sizes smaller than the plethora of long ideas available
DDS looks like a good buy off this support area which includes contact with the SMA's.
Great Reward to Risk Ratio if it can near it's previous highs. With everyone starting to put fashion in mind when they start to leave the house that previous high looks possible.
MACD is okay but not our favorite setup but it's a good technical area where we can get 2.68 times...