The Canadian Technician

Are You Watching These Stocks Run?

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With the election in Georgia pointing to a split senate, many of the trade ideas related to the Biden platform took flight on Wednesday.

  • Infrastructure
  • Healthcare
  • Marijuana legalization
  • Green Plan

Caterpillar (CAT) is associated with infrastructure buildout.

Humana (HUM) represents one of the stocks that also did well under the Obama Administration.

Marijuana legalization just got a little more likely.

The New Deal with a move to electric was underway and the volumes the first three days of this year suggests more interest.

When times change, don't be afraid to change with them!

These charts do a great job of showing interest in these areas under the new administration. Below is an example of Humana after the Obama Administration took office.

Happy New Year!

Good trading,
Greg Schnell, CMT, MFTA
Senior Technical Analyst, StockCharts.com
Author, Stock Charts For Dummies


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Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA). Learn More
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