Observations from Urgent Care

JC Parets
June 8, 2024

My son is perfectly fine.

But his face was bubbling up earlier this week after eating cashews.

I feel bad for him because cashews are delicious.

The Dr. gave him some Benadryl and some other stuff and he was just fine within the hour.

But we were hanging out at the urgent care for a while and I couldn't help myself but look around and notice all the nurse tchotchkes.

It was quite obvious that everything had a Mckesson label on it. There was Mckesson everywhere!

So it shouldn't be a surprise that the chart looks like this:

Line go up.

The relative strength here is off the charts.

And we're seeing other stocks, in both medical services and otherwise, dramatically outperforming the market.

We're seeing this in the U.S., but also in ADRs from foreign companies that trade on U.S. exchanges.

We saw some corrective action between February and April that sent the Nasdaq down 8%, Small-caps and Transports down double digits, banks down 16% and more.

So when I see stocks NOT correcting at all during that period, it screams relative strength.

We had our LIVE Conference Call this week where we went over my absolute favorite trades right now.

I went over the ideal entry points and the targets for stocks in a variety of sectors.

Like I keep saying, we've been finding more opportunities in the market today than we've seen since last October.

Check out the full video, chart deck and trade ideas here.

And if you're not already a Premium Member of ASC you can get access here risk free.

If you have any questions, please feel free to reach out!

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