A week or so ago I illustrated a possible election trade.
Here is the update as of the close of Wednesday, November 7, 2024.
Securities Trading
A week or so ago I illustrated a possible election trade.
Here is the update as of the close of Wednesday, November 7, 2024.
The following example of a possible breakout was also noted a week or so ago as a possible winner if Harris wins the run for President.
Trump is the winner, so this possible breakout may be false. I would not be surprised if RUN is down at least 15% today.
The following illustration of one of my all-time favorites of SHW.
It compares SHW to the SPY ETF.
My rule is only to purchase when it compares favorably to the SPY, that is it is rising faster than the SPY, AND only when itself(SHW)
shows positive momentum.
Green verticle lines show both positive relative strength and positive momentum.
With the 2024 Presidential election only a few weeks away, many pundits have predicted that if Trump wins, COIN will be a good stock to own. If Harris is successful, SunRun(RUN) would be their choice.
The attached illustration portrays the relative performance of COIN versus RUN.
The green vertical line shows COIN outperformance, and the red line shows RUN performance. Both on a relative strength basis.
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