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Hey team,
I don't know if you've noticed...
There's been some really intense build up and adrenaline-pumping action in the market lately… on the level of a Floyd Mayweather vs Manny Pacquiao fight.
I'm talking about the battle between tech and consumer cyclical stocks.
Now, a lot of traders try to pick sides when it comes to different sectors.
But do you want to know something that's helped me uncover some of the hottest plays?
I don't take sides.
Because I know that there are money-making opportunities to be found on either side of the ring, you just have to know where to look.
Why would I box myself in and only choose one sector?
That's right, it doesn't make any sense to do that.
As vaccine news has come out and fears of economic downturn have subsided, cyclical stocks have been thrust back into the limelight.
These stocks include vehicle manufacturers, apparel retailers, restaurants, airliners, and hotels— they can all expect a bump in sales once the economy begins to recover.
Tech stocks, much to the contrary, have been the heavyweight champions of the pandemic.
Not just any tech stocks— the "home delivery" ones that have allowed people to transact online.
Chewy (CHWY), Stitch Fix (SFIX), Pinterest (PINS), and Yeti (YETI)— I'm looking at you.
Of course, you're wondering if I actually traded any of those names. Yes, I did.
How did I uncover them?
By tracking volume and riding momentum this week, I was able to dig up a win in cyclical stock Starbux (SBUX) just as easily as tech "home delivery" stock Chewy (CHWY).
Let me show you how...
Continue reading...
Ben Sturgill DailyProfitMachine.com |
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