Let’s look at the recent news with Ukraine.
Anyone who bought the US rumor about Russian aggression profited in weapons manufacturing stocks from December to present day.
This is example is not meant to lean in any direction of morality as much as it is meant to show how news hints at the direction of the markets.
- The US has been working of possible Russian invasion since December 2021
- Biden publicly proclaimed this warning on Jan 27
- Invasion started last week.
Raytheon Technologies is up 20% from December 2021. Seeing new all time highs
- On Dec 20 $RTX has double bottom and golden cross on Jan 6
- Currently the price is consolidating at upper resistance,
- Upward movement likely to continue if NATO anxiety over Russian aggression will most likely continue to bolster the price of weapons stocks for now and into the near future.
Anyone who bought the US rumor about Russian aggression profited in weapons manufacturing stocks from December to present day.
This is example is not meant to lean in any direction of morality as much as it is meant to show how news hints at the direction of the markets.
- The US has been working of possible Russian invasion since December 2021
- Biden publicly proclaimed this warning on Jan 27
- Invasion started last week.
Raytheon Technologies is up 20% from December 2021. Seeing new all time highs
- On Dec 20 $RTX has double bottom and golden cross on Jan 6
- Currently the price is consolidating at upper resistance,
- Upward movement likely to continue if NATO anxiety over Russian aggression will most likely continue to bolster the price of weapons stocks for now and into the near future.