Aerospace & Defense along with Energy showing strength

Key Takeaways

  • Monday’s churning still leaves markets in bottoming process as the month of February comes to a close.  While near-term price action remains choppy, rallies are expected
  • Energy has shown some change of character as Equities have begun to stabilize with Exploration and Production stocks starting to outperform.  XOP should be favored.
  • Aerospace & Defense followed through sharply Monday with many in the group like GD, RTX, NOC, LMT making new all-time high closes on monthly charts.

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