Took position in this one. Not a big mover. Breakout few days ago and bounce of that breakout level.
Bad news aside, IYT is what pushes the DOW to 37k. IYT got pummeled back in June losing alot of ground. Airlines and Railroads have finally found their footing, basing, and slowly climbing up this past week. IYT to 300 soon!
Entered this trade based off of the entry discussed in the weekly market watch video. Bought 2, 19 March 2021 $165 at a cost basis of $1.05 Side note I think I just missed my exit while posting this haha
NASDAQ:JBHT May be an interesting trade that can turn from intraday/swing into long-term. Buy/Sell Zones indicate an uptrend + a lot of bullish momentum lately. Short-term Long targets are all-time high up to 0,618 Fib (but may be extended even higher - should see how strong the resistance will be) Invalidation: closing lower than the previous...
All description on the chart. Please, don't forget to like and follow. Thank you.
For the short-term I believe the industrials are in for a correction. Pick areas where it's re-testing previous day's high. Of course, this is just my opinion. Do your own due diligence. This is not trading advice. My ideas are: ODFL JBHT IYJ
JBHT recently formed a resting day consolidation pattern at a resistance high. The stock moved with Professional Traders momentum out of a minor correction.
Buying Puts Monday after it pumps some more....maybe at $96 dollar range.
The price is far away from 30MM. RSI is down too. Don't buy.