Loading ...Cemex…
I am going to research “Trump Plays”…
Instead of allowing this gold and miner fixation annoy me to distraction; plan to trade and focus on stocks in a steady uptrend. Infrastructure; firearms; health care; etc…
Example Cemex…Bouncing off long standing trend line…
Not sure about firearms & ammo from a fundamental viewpoint. They rocketed over worried about Obama/Clinton restricting firearms
ownership. With Trump in the WH that won’t be a concern any more. Having said that, a rising tide lifts all boats.
Smith and Wesson is already up 40% for the year. Ruger over 10%. Making guns easier to purchase would increase sales? Playing off the emotion of fear is probably a better factor increasing sales; thus, you are probably right–better opportunities other than guns exist.
If you take a longer view of Cemex you will see a pretty much perfect inverted H&S that it has just backtested too.
Thanks Argentaurus, appears this is one of those “no brainer” trades…
Indeed, I will await the daily/weekly rotation of supp/res up and will dip my toe is it were. Many thanks.