New Trade Ideas - M and MCD
McDonald's testing resistance and a longer trade for Macy's that could run.
You want more trade ideas, then that is what you will get!
One sector I did not include in the newsletter yesterday was consumer discretionary, which can be tracked with ticker XLY.
I like the set up here which brought my attention to a couple of names I like considering this week.
The daily candles for XLY are taking another shot at breaking above 182.19, which was the high at the end of last year.
If the sector moves up we could see names like Macy’s (M) and McDonald’s (MCD) make another big push and we will be ready to take advantage of those trades!
For M, I am looking all the way out to the April 19th call options. This trade is allowing a lot of time to play out, but it might not need it!
The sector as a whole is impressive. A few of the top holding for XLY include AMZN, TSLA, HD, MCD, L, and NKE.
And speaking of AMZN, what a week they had gaining 4.6% over the past 5 trading days alongside news of being added to the DOW.
TSLA is looking good, be sure to check back on those trade ideas posted here. The entry for this trade is still in play and I like the look.
Despite the higher highs for markets, there are more than a couple of interesting set ups for a number of stocks. It makes me think we keep pushing this whole thing higher.
To the trades!
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