Tag Archives: IBB
A.M. Look 5/4/15
Stocks… Nikkei…19,400 will continue to act as support and the closing downside pivot. Nasd 100…needs price action over 4471 to rally. 4430 ‘s is initial support. IYT…had a big Friday rally. I need to see sustained price action over 157 … Continue reading
A.M. Look 4/28/15
Stocks… IBB…347 +- a couple has to hold to avoid a deeper correction. XLK…43.46 needs to be monitored for a potential monthly double top. Bonds … Bunds…159.00 is the qtrly pivot. A close under the 50 DMA @ 158.84 is … Continue reading
Spu/Bonds…the Late Show
Focus on 2 places the rest of the day. IBB…346 ish is the 50 DMA and the top of the cloud. price action and a close below will weigh on the Nasd 100 Future. Nasd 100…the pit ORL stops are … Continue reading
XLV…Trade Alert!
BUY XLV @ the Market! This is an opening position with a 10% portfolio weighting. The risk on this trade is a close below 72.50. The break is over. IBB held our qtrly level @ 335. I’m choosing the XLV … Continue reading
Midday Missive
IBB…335 is mvg avg support. A close below this level will be needed for active profit taking in Biopharma. Spu’s…U.S. indices smell like 3 day old dead fish. I would not be in any hurry to buy anything. Macro sell … Continue reading
Midday Missive
I’m out of step and out of dimes. The matches in the Yen, OIL & Euro highs coupled with the Lows in most of the big financials at their respective 200 DMA’s makes me think we’ve seen the lows. IBB…held … Continue reading
Midday Missive
Nasd 100 Futures need to show weakness below 4430 to think Biotech is going to give it up before qtr. end. IBB & BIB, MDVN,CELG can be bought with tight stops below today’s low. GOOGL…after pushing the trade because I … Continue reading
Midday Missive
IBB…356 is mvg avg support. A close below this level is needed for more downside. Copper…put in an ORH week. 2.95 is resistance and the qtrly pivot level for the past few years. GDXJ…the Junior miners look like they can … Continue reading
A.M. Look 3/11/15
Stocks… Spu’s…2044 is the weekly hold # and the closing downside pivot for more weakness. Nasd 100…4333…4285…4265; these are the support levels coming down. They will not change. BIB & IBB…Closed neutral ” right on their momentum #’s. XLV…70.80 is … Continue reading
The Late Show
It will be a biotech show IBB,NBIX,AGIO,RCPT,ALNY SPU/Bonds have just printed the 200 DMA going into 12:30 CDT. Trade the names that are working and they’re all in Biotech. I’ve been looking at calls in the above names as well … Continue reading