TTG Sectors & Stocks to Watch this week 12/4/22

If you are member of the Tribeca Trade Group you know that I have been talking about an expansion of breadth since we had the $NYSI #bullish crossover at the end of Oct.

I continue to look for Relative Strength and new opportunities when there is an active $NYSI Crossover

Here are some sectors I am watching to start the week

ITA - Aerospace & Defense ETF

This group is super strong, LMT and GD hit new highs and NOC and RTX are not far behind. BA is also showing some momentum, and AXON also had a strong earnings report. When I like a whole group, sometimes I just go long the ETF as a longer term swing. Notice price is now above its ‘22 Value Area which is a sign of strength, here is the weekly chart.

BA - Boeing

If BA can hold above $179 , then I see next upside price targets $193.5 (see second chart) and then $213. Again, important that it holds Friday’s gains as there was a 1hr VPOC takeout which price needs to stay above (vs fade).

SIL - Silver Miners ETF

Silver Miners make their 1st move over its 200d MA since April. Keep it simple trade.. I like a long vs 200d MA stop which also lines up with its Dec Value Area

WPM - Wheaton Precious Metals Corp.

I like a long here as a short term swing trade with target $42 and stop just below 200d MA.

XBI - Biotech ETF

Health Care XLV has been super strong recently and after several attempts XBI is now above its 200d MA. My short term price target is $88.73 (note, I got long XBI on 11/30 in the TTG Trading Room) with stop just below the 200d MA

SRPT - Sarepta Therapeutics

I got long last week and my price target is $141.86

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Here is how the TTG weekend watchlist from 11/27 performed last week:

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