Some Trade Ideas For You
Some Key Charts To Watch
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Welcome back to the weekly letter.
I’ve struggled with finding a topic to talk about this week because I’ve already nailed most of the major themes this year.
To Keep Buying Stocks
The Bottom In Commodities
The Bottom In Oil
The Bottom In Energy
The Break Out In Gold
The Rotation OUT Of Tech
The Rotation INTO Cyclicals
The Probable Rotation INTO Small / Micro Caps (Still Pending)
I also laid out my current thesis in depth at the weekend so if you missed that, it’s embedded below with around 20 Trade Ideas.
In this weeks letter I’ve kept it simple and laid some of our premium charts and a bunch of trade ideas.
The April Outlook For US Stocks
10Yr Note (Rates)
Lets talk about rates, because there’s a lot of noise out there and everyone wants to talk about a higher rates environment.
I’ve been on the record with my top in rates call late last year and it’s played out perfectly (so far) but like all good analysts, when the data / chart starts to change, my thesis will change.
I’m NOT ready to throw in the towel quite just yet, it’s a weekly chart, but if there’s a close above 4.5%, then I’ll pivot my views on my bottom call on TLT also.
Copper ETF (CPER)
I presented the Copper chart a few weeks ago and it’s now starting to play out so since I’ve removed the paywall for the letter this week, I thought I’d add it in again.
Silver ETF (SLV)
Precious metals are getting a lot of airtime just now after the monster break out in Gold and because all the silver miners have already made substantial moves, it’s quite tricky to find new positions that are NOT over extended.
Ford (F)
Ford is 1 of our premium charts from last weekend, as I write this, I can see it’s trending on Stocktwits and +2% pre market so I’m assuming good news is out… above $13, I don’t see what’s not to like.
Natera Inc (NTRA)
We’ve been bullish Natera a while now but provided we hold that $85 level, I think there’s logical levels to aim for.
Paypal (PYPL)
I also take the view Paypal is starting to look constructive so if you’re into chart patterns, the 9 month base might be appealing.
In Summary
There’s still something for everyone just now.
It really is a rampant bull market full of rotations and uptrends.
Our Trade Ideas chart book currently holds 120 great charts (across all sectors - tech, crypto, industrials etc) and our weekend hotlist had 30 names across Stocks / ETF’s and Commodities and if you’d like to access our premium work, you can do that below
Hope the charts above are useful and I’ll see you next week again.
Spring Sale - Last Few Days
