Sector Summary
These 11 basic sector ETFs will keep you in the primary market trends if you follow the leaders on a 6-month basis. Use the Phases and 3-month % Change for more active trading.
Market Hot Spots
What's hot today? What dropped today? This is a source of new trades ideas when today's action creates an opportunity in the context of the Phase, 3-month, or 6-month trend!
Featured Trade Ideas
Today’s Featured Idea’s consists of four bullish trades and five bearish trades - an example of each is shown further below. Click on the button above for the full breakdown including trade drivers and backtest results. The day’s Option Spread trade idea’s can be found by clicking on the button below.
Bullish Trade Idea: Global Ship Lease Inc | GSL
Target: 26.20 - 26.80 Stop: 21.57
The stock's price has broken upward to confirm a classic chart pattern.
Earnings Per Share (EPS) was up 38% compared to the same quarter in the prior year, and has grown an average of 46% annually over the past 5 years.
Return on Equity (ROE) is 26% for the latest twelve months.
With a market cap of 818M, this is considered a small-cap stock which offers the potential for above average returns, though in exchange for greater risk and volatility.
Stops: Show’s results with a 10% trailing stop.
Bearish Trade Idea: First Merchants Corp | FRME
Target: 34.50 - 35.75 Stop: 43.69
This stock has formed a pattern called Flag (Bearish).
The Short-Term KST indicator has triggered a bearish signal by falling below its moving average.
Stops: Show’s results with a 10% trailing stop.
The GRYNING Times membership provides up to 10 Featured Trade Ideas a day from the NYSE & NASDAQ exchanges – click above to become a member.
We offer access to Trade Idea’s from the below exchanges as part of a bespoke membership - simply click on the button below and let us know which exchange is of interest to you in the “Asset Class” section of the form.
