Full video: https://youtu.be/6eDm0btMTvs
Welcome back insiders,
Whenever you read "Something is at All Time or Record Highs" there might be a good buy or sell opportunity, somewhere.
In this case:
Stat: Global military spending hit an unprecedented high of $2.2 trillion last year, thanks in part to the war in Ukraine and the ambitions of China, according to the Stockholm International Peace Research Institute. But nobody spends on the military like the US spends. The US’ $877 billion expenditure was three times bigger than the country with the next largest budget, China—and amounted to more cash than the next 10 biggest spenders paid out combined (including China).
So let's check out some of these "defense stocks"
First let me show you what our politicians and the company insiders are doing, show you what CNBC thinks and then show you the charts and my take as a momentum trader myself I'll give my oppinion if these are tickers worth holding.
Lot's of ourtflows and as a cherry on top CNBC, specifically our hero himself cramer, is bullish.
Review Price action [In Video]
For me the R:R is just not there, so it's a no go for "Aerospace & Defense Stocks" for me.
If you'd like to see a 1:4 R:R setup checkout this video on $INDI
This is a choppy week in the market with earnings and big fed decisions ahead after GDP growth rate and Personal spending/income plus price comes out Thursday and Friday respectively. So for me I'm still quite patient as I feel many big opportunities are right around the corner.
Follow my portfolio's to get my latest buys and sells. Swing trading and #Invest52Challenge will be the most relevent to longer holds.
Are you buillish or bear on the defense stocks? I'd love to hear your thoughts in the comments below.
If there's anything else you'd like me to checkout, don't hesitate to drop that below as well.
Like always stay safe and make some awesome trades.
