The aerospace and defense industry continues to be relatively strong compared to the general market. A new setup that I will be following this week is BWX Technologies (BWXT):
BWXT retested the supply zone at 57 on 29.07 and this proves to be an important price level. You can see from the attached chart that the level was tested 4 times in recent months.
The...
Wild day for markets yesterday with Nasdaq erasing a 5% drop and finishing positive. Here's a couple of interesting facts about yesterday.
The S&P 500 has recovered from an intraday loss of more than 4% only three times (since HLC data began in 1977):
- Jan 24, 2022 (yesterday)
- Oct 16, 2008 = down -4.63% and closed up 4.25%
- Oct 23, 2008 = down -4.28% and...
