Playing Defense In This Market

June 24, 2024

The U.S. Industrials sector represents one of the most important groups of stocks in the entire market.

So with new all-time highs in the S&P500 and Russell3000, then why are Industrials, who historically have the highest correlation with these indexes, not able to keep up?

Industrials are actually down over the past 3 months.

But the Aerospace & Defense stocks, that fall within the category of Industrials, continue to hit new all-time highs.

This is Relative Strength:

I would encourage you to go through all the stocks in Aerospace & Defense. There are relative leaders and huge winners coming out of this group.

Many of the $ITA components have been hitting new all-time highs. But an interesting new development is this multi-year base breakout in RTX Corp, formerly known as Raytheon:

There are large-cap stocks, as well as names further down the cap scale, in Aerospace & Defense that can be added to a portfolio right here, right now.

We discussed our favorite names during last week's LIVE Conference Call.

Premium Members make sure to check out the replay here, in case you missed it, as well as the 100+ charts, details on each new trade, and a follow up on trades that have already been highlighted to Premium Members.

If you still don't have access to ASC Premium Content, upgrade your account here RISK FREE or just reach out to Mary and she'll set you up quickly.