There might be big news this week coming out of Jackson Hole.
Will the Fed announce that rate cuts are coming? And will the cuts be big or small?
Or (gasp) will rates stay higher for even longer?
In short, there could be a big explosion in the next 24-48 hours. And it could be up or down.
That said, there’s a hot stock in a hot sector that looks ready to break out on bullish news.
Here’s the chart:
The last breakout on GD was a nice one.
A break above $302.75 could lead to a Jackson Hole-fueled explosion.
We’ll keep an eye on it.
We’ll keep an eye on it.
Happy trading,
— Scott Welsh
