Thinking about which financial instrument to add to your portfolio is always a challenging task, especially in a market where almost everything is overbought. You may already own these three stocks, but if you don't they have good technicals and fundamentals to get in or to add up.

Starting first with Ferrari. At first, sounds like an exotic stock, but the race-car manufacturer is still on track. And it's not because of the newly born millionaires from the latest rise in the price of Bitcoin ...

Let's take a look at what's under the "hood" of Ferrari ($RACE). Technically we have a well-formed uptrend and Yesterday that trend was tested at the earnings which were good. Volumes activity was big since the bottom formed after the first lockdown. The candle formation ended with a pinbar . MACD and RSI are still lagging, but the trend holds. Fundamentally the financial look of the company is stable in revenue and EPS aspect. Also, the racing car manufacturer is decided to take on the electric cars market, as well as delivering three new models.

Next is Nio ($NIO). Already a familiar company and attracting more and more investors. Earnings are on the 9th of March. Revenues and EPS are shaky, but investors are betting on the long-term success of the company. Ford terminated their contract to manufacture electric cars in China, but Nio managed to cement their position in the Asian country. MACD here is lagging, but RSI is moving above 50 and the trend is intact. The price is currently forming a bullish flag on the daily chart and if it is triggered we may head towards the $70 range.

Last, but not least - Raytheon ($RTX). Technicals are looking better here as RSI is moving from oversold territory and above 50. MACD has a crossing and the histogram is starting to move into positive territory. The uptrend is intact. Earnings passed, although they are a bit disappointing, financials are looking stable for the company. The company recently won a $290 million contract with the U.S. Navy. That will attract more revenue for the company and will keep it busy in the long-term.

Yes, CEF, not an ETF, though they are inclined and the tips here also are valid for the ETFs as well.

Every closed-end-fund is a part of a sector, has its holdings which can be stocks and bonds and the instrument is correlated with the sector's ETF/ETFs.

The research approach is mainly fundamental. Technical analysis is minimal in which you can watch the volumes and apply the VWAP indicator.

When first choosing a CEF I open CEF Connect and there I search for specific information:

I use also Seeking Alpha and I have a couple of favorite authors that write on the CEF/ETF topic. I'll leave them in the comments if someone is asking. I use the site to check in-depth details for the dividend and SEC fillings.

I hope this info is of help!

The actions of #wallstreetbets are not different from the manipulative actions of the big players. They just announced it public on #reddit and the average men and women took them head-on. And they've won and shown the world that it can be done.

Market rules are changing. Forever. The paradigm is shifting. We are heading into unexplored territory.

We are moving into a more and more tight price action as we are in the end of the wedge now and with the rise of volumes we see some heighten activity in trading.

RSI and MACD divergence are still showing divergence with the price and RSI is almost below 50. MACD has a bearish crossing and the histogram is going negative.

Two possible scenarios are forming now. We have a bullish one that is currently forming as we've jumped from the internal support around 373 price zone.

Failing to continue the movement back inside the uptrend we may see a fall below 373 and move towards the first support zone at 360.

Taking a look back at XLE we can see that the ETF has returned to test the area of breach of the symmetrical triangle (or the current support of the descending trend line). Pick up in volume shows that the activity has risen and market participants are getting excited. A breach was made a classical follow-up test was made. Currently, we are sitting at the support and overall there was no attempt in Yesterday's market session to push below it. The dip was bought and XLE closed firmly with a fresh high for the day. Even though here RSI and MACD are laying out the perspectives for a deeper correction it may be "skipped". Recovery in energy assets may pull up the ETF away from the support for the uptrend to continue. My personal view is that trend will continue and XLE will rise, but it won't be wise not to forecast a negative scenario as well. The outlook will shift to negative if we see a strong push back inside the triangle. Fundamentals are still shaky with the COVID-19 pandemic still raging. This may raise the question of additional lockdowns or stopping global flights again, which will hit oil and energy prices overall.

Closely watching $DIS. Price flirting with the last of the uptrend supports. A reversal of the trend for me will be confirmed when we dip below $165.

RSI and MACD with bearish signals. Volumes are steady. Price action will confirm if this is just profit taking or there is going to be active accelerated selling to breach the trend.