Tag Archives: IBB
Midday Missive
Healthcare ETF’s are hovering around momentum levels. IBB..340 is basically neutral. It’s the short term pivot. Below, I’ll look eyeball 335-332 for next support. XLV…71.85 is basically neutral. It’s the short term pivot. Give it a little time. They tried … Continue reading
Midday Missive
It’s all biotech… IBB,BIIB,EXAS,ZIOP, BCRX, PCYC,AGIO,PTCT . Some of the names are trying to bottom like AGIO, others like ZIOP have put in higher lows for the past 6 trading days and are just going. CELG…gains upside momentum over 121 … Continue reading
A.M. Look 2/19/15
Stocks… DAX…10,770 is support. Sustaining and Closing below this level will lead to a sell off of a couple of hundred points. 11,000 was the tgt for this swing and is now resistance and the closing upside pivot. Closes over … Continue reading
A.M. Look 2/13/15
Stocks… IBB…322.50 is the closing hurdle. Sustained price action over this level is needed for another leg higher. AGN & ACT are two of the best looking Pharma names. Many of the names are in profit taking mode. These two … Continue reading
A.M. Look 2/06/15
Stocks… SPU’s…2065 is resistance and the closing upside pivot. Spu’s and the spreads put in ORH days yesterday. It’s all about whether the market holds a retest and honors the pattern. EFA…64.00 is the first tgt. 65-65.20 is major resistance … Continue reading
A.M. Look 1/29/15
General Comments or Valuable Insight We had a pretty big sell off from key resistance levels yesterday. QQQ,NASD 100 Pit and XLU put in ORL days. In order for yesterday to be a one day swoon IBB & XLU would … Continue reading
A.M. Look 1/16/15
Stocks… ORL’s abound. Spu’s, Nasd 100,IBB,PANW,XLK,XLV,IWM…the list is too long! IBB…took off it’s party hat yesterday with an ORL day. Biotechs have been bucking the trend for a while. 303.35 is the 50 DMA. This is where the rubber … Continue reading
What’s Working?
ACT,ISIS,UNH,MNST,PANW & IBB are all holding the breaks. ( Today’s Lows are important Hold levels (Support) Buy the names that are holding support on breaks. The Risk on these names is today’s low
A.M. Look 1/8/15
Stocks… IBB & XLV…both have positive patterns. Regardless of world events, this sector will be relatively insulated. BIIB,CELG,ILMN & AGN all should be bought on any good retracement against this weeks low. Nasd 100…4200 is Fib resistance for this swing. … Continue reading
A.M. look 1/2/15
Stocks… Spu’s…2054 is the pivot. Below… It can revisit 2022/ Above… Spu’s need a close back over 2067 resistance. IBB…299 is 50 DMA support, a must hold level. Price action back over 306 puts the Bulls back in charge. … Continue reading