After we got past sharing each others’ Thanksgiving dinner menus, wine pairings, and recipe swaps, the All Star Charts gang got back to business this morning hunting for trade ideas.
We arrived at today’s idea in a roundabout way:
“Discretionary stocks have been the ‘least shitty’ performers as of late.”
“We’re seeing relative strength in ‘da homies. [Homebuilders]”
“In that sector, Lennar $LEN is showing the best relative strength relative to the others.”
…and that is a taste of how the Thanksgiving sausage is made.
So let’s dig into some visuals to highlight what we’re seeing. [Read more…]