IGV, JPM, SPY& PLTR Welcome Upward Momentum
Hello everyone! Today i want to share some technical analysis with you!
1.
$Palantir Technologies Inc.(PLTR)$ Regardless of election outcome, PLTR stands to benefit:
✅ A Harris win may boost public health initiatives & data-driven governance, leveraging the company's health data expertise
✅ A Trump victory could increase defense spending, resulting in more government contracts
2.
Equities vs. Bitcoin since March:
$SPDR S&P 500 ETF Trust(SPY)$ 📈
If Kamala Harris wins, this gap may widen as her policies could be less crypto-friendly than Trump's pro-Bitcoin stance.
Investors may lean towards stocks for stability amid potential regulatory concerns in the crypto space.
3.
Financials are setting up beautifully ahead of major earnings on Friday from $JPMorgan Chase(JPM)$ , $Wells Fargo(WFC)$ and $BlackRock(BLK)$ .
These three stocks make up over 15% of the entire ETF.
Also worth noting financials usually rally into EOY during election years, with a 84% win rate and +3.93% average return.
4.
SOFTWARE STOCKS BREAKING TO NEW HIGHS. ☕️
$iShares Expanded Tech-Software Sector ETF(IGV)$ is breaking out of a multi-year cup & handle pattern and the timing couldn't be more perfect:
Seasonality shows that October is the most bullish month for the ETF, with a 71% win rate and average return of +3.70%
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