Welcome to our new “Trade Ideas” segment of The Chart Report. In this post, we dive into the Staples Sector and identify two strong stocks that recently broke to new record highs: Church & Dwight ($CHD): Long above $69 / Price Target $83 Pepsi ($PEP): Long above $122 / Price Target $138 The Safety Trade […]
Is the Safety Trade Here to Stay?
The S&P 500 has gained roughly 20% off its lows from Christmas Eve. Despite this impressive rally, every major index and almost all S&P sectors remain below their highs from 2018, many of which were all-time highs. But two areas of the market gave both bulls and bears something to cheer about this week as […]