As we start the new year, there’s a ton of uncertainty out there.
Can the market continue to be bullish for a third year in a row?
Will inflation stay higher instead of lower?
Will the Fed cut rates enough times next year to keep everyone happy?
There’s a lot that could go wrong.
But how do we know when it might go right?
We can look for stocks that have shown good momentum but are currently in a tight sideways channel for a few weeks.
And Boston Scientific (BSX) fits that profile.
Here’s the chart:
A break above $91.93 could mean the Bulls are back in control and a big run for BSX.
We’ll keep an eye on it.
Happy trading,
Scott
Jack Carter Is All-In on One Specific Sector!
