The MarketSmith Relative Strength scan produced 10 candidates that we’ve traded in recent weeks, with John Deere (DE), US Steel (X), MP Materials (MP), and Eli Lilly (LLY) topping the list.The latter has been printing new highs for the past few weeks, remaining one of our favorite pharmaceutical swing trades, along with Pfizer (PFE).
MarketSmith Relative Strength scan
We are looking for these Top 10 Relative Strength candidates to follow through, if the market indices maintain their strength today.
Material and mining stocks (XME) were in play yesterday, as MP Materials threatens a breakout.
Triton is yet another stock from the maritime container shipping industry group that we’ve traded in recent weeks.
MP Materials – Click to enlarge
Triton International – Click to enlarge
Join us today in the trading room for our LIVE broadcast during market hours, as we navigate the current environment. Watch, listen, and trade from 9:20 AM to 4:15 PM Monday through Friday.
Happy Trading,
Vinny
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