Defense
HAL Daily chart viewHalliburton ($46.51) looks like maybe it is reversing trend for the summer; the russia-saudi deal helped I believe (which may have led to the spike in volume); the stock is bumping up on support and broke through resistance at 46.38... I think it is safe to look for a move above $50-$53 if the stock breaks its next resistance at 47.79; I think I am taking the bet
$RTN Defense is where my money is!$RTN Defense is where my money is! We have all been watching Fox news and by now know that we put 59 Tomahawk missiles in Syria's lap. Those 59 have to be replaced....right?
The next couple of days are entangled with questions. What if.....and if so then what? With all the unknowns I think the market may be a little bearish in most industries. Except for one.DEFENSE!
I would be willing to wager (Ha) that the defense market will see a move that we haven't seen since November, or heck, maybe, longer!
How much does a Tomahawk Missile Cost?
$KTOS Best Value Buy Opportunity PotentialKTOS has gotten a lot of attention on television lately, but we don't think it's buy at the moment. Fundamentally, the company's exposure in Unmanned systems as well as Directed Energy makes them a contender long-term, as these are the two fastest growing subsectors within future defense capabilities. The latest news exposure and positive earnings news last quarter blew the stock up, but we maintain the opinion that major profit taking on a relatively risky stock will drive the price downward in the short term and allow for a buy opportunity for a long term hold.
Short NOC (and the defense industry in general)The whole Defense industry is extremely overbought in all time frames, even in monthly. Stocks are reaching important long term Fibo projections.
NOC is making no exception, showing RSI bearish divergence and declining volume in parabolic rise. % waves completed, has reached the top of its risisng channel.
Excellent risk/reward on the short side, target near $167, even $135 possibly.
Short NOC (and the Defense sector in general)The whole Defense industry is extremely overbought in all time frames, even in monthly. Stocks are reaching important long term Fibo projections.
NOC is making no exception, showing RSI bearish divergence and declining volume in parabolic rise.
Excellent risk/reward on the short side, target near $167, even $135 possibly.
Global Mitary Events Fuel LMT GrowthUnrelated to any sort of technical analysis but I've noticed that any large-scale global military event seems to be a catalyst for growth in LMT as shown by the markers indicating the dates that the respective events began, which are followed by a long uptrend. Although LMT holds no contracts within Russia, Ukraine or Iraq, these military events create unrest globally and fuel defense spending. Keeping an eye on the news, especially with the recent ending of the Russia/Ukraine cease fire. Long LMT.