What do breakout traders love?
Hot groups.
If a stock is surrounded by other stocks that are moving strongly, that rising tide usually lifts all equities.
And we have that sort of situation right now in CNO (CNO Financial Group).
Here’s the chart:
CNO is in the #1 hottest group in the market right now, and it’s no slouch itself.
A break above $35.19 could lead to a group-momentum-fueled explosion.
We’ll keep an eye on it.
Happy trading,
— Scott Welsh
