Current strong trending sectors or commodities?

Discussion in 'Trading' started by KCalhoun, Feb 4, 2021.

  1. KCalhoun

    KCalhoun

    Do you have any favorite sectors or industry groups that you're currently trading? I know recently silver got a pop, and cannabis has been very strong. earlier, solar, ev and gaming were strong. Thx other than big cap tech

    https://finviz.com/map.ashx
     
    zghorner likes this.
  2. Overnight

    Overnight

    Live cow is always a fun one to stick in a corner and watch. Limited hours and range, but very seasonal.
     
    KCalhoun likes this.
  3. savoir

    savoir

    Stock index futures are amazing to trade currently. The best trading conditions I’ve seen in my lifetime. I’m referring to short-term/intraday trading.
     
    KCalhoun likes this.
  4. Nine_Ender

    Nine_Ender

    You missed Energy which has been the strongest sector the last few months ( other then niche areas like biotech and US pot stocks ). Careful on pot stocks I saw a downgrade on one company today could indicate some parties may cash their chips soon.
     
    KCalhoun likes this.
  5. KCalhoun

    KCalhoun

    Thx re pot, most down except NBEV. good call re silver, SLV up
     
  6. Nine_Ender

    Nine_Ender

    ATH a high risk Cdn Oil producer has been on a tear the last few days. I believe they turn profitable at roughly $60 WTI. Lower risk plays on Oil in Canada include TVE, MEG, ERF. Nat gas companies breaking 52 week highs but at some risk of a reversal short term imo.

    My theory on Silver miners is the trade we saw in hyper mode last week will gradually return on the sly. Depends on Silver price of course but $27 is still a fairly heady price for the metal wouldn't take much to attack $30 again. I wouldn't buy the metal itself though because it could revert to range bound ( eg $24-$28 ). Best play next few weeks imo could be Gold miners into earnings dates.
     
    KCalhoun likes this.