Tag Archives: IBB
IBB
IBB…169.20 is where the rubber meets the road in this Index. There are resting stops below, which could lead to a test of 165.60. This has been the strongest Index over the past few years. It shows what technicians refer … Continue reading
IBB_-_iShares_NASDAQ_Biotechnology_Index_Fd_Daily.gif
Caution is advised…this is the second time this month we’ve seen this pattern only to reverse back higher.
SSO Trailing Stops…General Board
Raise your trailing stop on 25% stake in the SSO to 74.82. This is a straight stop order and you should still sell another 25% stake when the Spu’s trade 1591 +- a couple. Don’t get greedy up here! GOOG has … Continue reading
SSO…Trade Alert!
SSO…double long S&P 500 is a cheap look for a Long Equities. The stop is 72 close. This has room to move 6-7 dollars to the upside so the risk/reward is worth the try. The usual suspects IBB,LNG,BKX,NFLX,GOOG, & KKR…all … Continue reading
A.M. Look 4/4/13
Spu’s.. call me a reluctant Bear, we have to go 1544 sellers to break. 30 yr Bond…P&F resistance started at 145.22 yesterday which gave us initial price rejection, however we’re only concerned with the bigger macro areas which we laid … Continue reading
IBB_-_iShares_NASDAQ_Biotechnology_Index_Fd_Daily.gif…Pattern Alert!
A close below 160.13 puts in an ORL day. The IBB has led the entire rally since last July. This level is generally a Bear Trap the first time down. Meaning, they run the short term stops at the level … Continue reading
A.M. Look 3/5/13
Spu/Bond…is trading once gain at a key mvg avg that broke the Spu’s 40 points the last time it failed at the avg..It’s not an inconsequential level. One again it will act as a big mkt pivot. 30 yr. Bonds…point … Continue reading