With the market metrics pointing to a possible bullish trend continuation and industrial showing recent and potential future relative strength, today we took a trade on DHR as our bullish stock trade of the day. With earnings in less than two weeks, it's a bit risky to enter a trend trade. The more faint of heart could consider a risk defined option trade to protect against an ugly downside earnings surprise. We, on the other hand, put our faith in the Chaikin Power Gauge, which hardly ever lets us down.
RSS Feed