XLB Materials ETF will outperform the SPY. Cyclical stocks are on fire right now and likely to outperform for at least the next 1-2 years.
XLB breaking out from trend line
Breaking out with today's close long GOLD/USD possible retest of last years highs 2070.
Weekly MACD has crossed so there is a lot of momentum pushing prices higher.
Disclosure: I do own shares in LMT and this is not financial advice.
LMT is approaching 0.618 Fib retracement level from Pre Covid High to Covid Low. MACD Cross on the Weekly and looks like the Monthly will have a cross over shortly. Using Fib time series analysis as well to anticipate price moves near the vertical lines. My time horizon is long-term so I am...
