“RTX Corp emerges as a promising pick amid uncertainty.”
Market volatility is here to stay for a while.
And while that might be concerning to investors, it can actually be a good thing for traders.
You see, volatility equals opportunity.
And faster moves offer the potential to reach profit goals quicker.
However, adjustments need to be made. For example, it’s wise to reduce your position sizing.
Because the moves are larger, you don’t need to be fully sized up. In addition, trading smaller allows you to absorb adverse moves better.
In other words, trading smaller allows you not to get stopped out so fast.
That said, the name of the game remains the same.
Find stocks with strong setups, and let your edge lead the way, not your emotions.
And that’s what I’m doing with today’s watchlist pick, RTX Corp (RTX)
RTX Corporation, formerly known as Raytheon Technologies, is a large American aerospace and defense company. In essence, RTX Corp is a technology company that focuses on creating complex systems and equipment primarily for aviation, space, and defense purposes.
Their products and services are used by governments, militaries, and commercial airlines around the world.
And given all the geopolitical drama we’re having, I like this sector a lot better than others right now.
If you’re a member of The War Room, you’ll know that Bryan and Karim scored a nice long-term win on RTX for a 78% gain over a 168 day holding period.
But what I really like about the company is the stock’s price action.
It has multiple A+ S.A.M setups, and unlike many stocks in the market, it is pushing towards all-time highs.
On Friday, S.A.M spotted these A+ setups:
Including an inside-day, which I also look for.
So despite the recent volatility and uncertainty surrounding the market, there are opportunities out there if you’ve got the right tools.
Action Plan: I’m long RTX calls and positioning for a move higher in my Daily Profits Live Portfolio, with the idea it continues to grind higher.
If you’d like to learn more about what and how I trade in Daily Profits Live, check this out.