Transports/ leisure & entertainment breaking out to ATH's

Economically sensitive Sectors: Transports (IYT)+ Energy (XLE) + Regional Banks (KRE) + U.S. Home Construction (ITB) / Homebuilders (XLB) + Entertainment & Leisure (PEJ) + U.S. Basic Materials (IYM)

alot starting to break up out that "boot" pattern/wedge

palladium looks wild

monad kind of giving off canton vibes. also notice it regularly showing strength

was looking through alts, most of them look like the above.

The current bounce broke their *post 10/10 down trending structure (defined by rsi/ma's) on this current bounce. During the pullback, a lot retested mid-ranges and rsi pull back to retest the "breakout".

lets see if it holds goin forward

I rly like NVO - break up was the new that their oral product was approved. They've been moving incrementally surprising analysts with their speed to production.

I'm not a healthcare expert but oral massively expands GLP TAM IMO. LLY will have one at some point ofc, but nvo being first to market gives it room for these catalysts to give incremental upside before lly comes to market (even when they do there's room for both imo).

Its also very under-owned compared to LLY, LO's probably start to OW incrementally bc having a "defensive" position w/growth catalysts is an attractive bet to have in the port rn. At the same time, HF's probably unwinding the Long LLY / Short NVO trade boosting the stock a bit more

healthcare, so defensive positioning + growth catalyst and 2.8% yield to wait.

NFA DYODD