There has been a clear pattern of the market pulling hard in one direction into the end of the week and then reversing at the beginning of the following week. We are heading into a week that could see a correction but there is a trade that looks like it has potential. The tension in Iran is rising again with a glimmer of hope starting to fade and it looks like things will intensify. Add to that the buzz around ramping up weapon production and it reminds traders we are in a wartime manufacturing environment.

We are looking at a strong trend in a couple stocks that we will watch this morning to see if they go against the correction or get pulled in. Here is one of the big ones.

It’s a big stock to trade but stands to see the biggest benefit from urgent weapons demand. We can also see that it is in the bullish sweet spot of the Bollinger Bands. We are going to keep an eye on it today to see how it reacts in the broader markets.

Keep learning and trade wisely,

John Boyer

Editor

Market Wealth Daily