No Nuke Rally and An Energy Idea

North Korea didn’t nuke the joint over the weekend so stocks had a nice relief rally and put on a show.  The Dow popped 257 points +1.1%, the S&P was +1.1%, Russell +1.03% and the Nasdaq popped 1.15%. Most sectors were very green today with the exception of recent leading sectors like gold, silver and other metals and mini…

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Miners, Metals, and Biotech Have Big Days

Well, my theory that the metals & mining (XME) and the gold miners (GDX) could get going kinda happened today after a couple of weeks of solid “building” action. It was quite an eclectic grouping of sectors that made moves today, as biotech also had an enormous day after the bullish news hit that Gilead (GILD)…

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Biotech Outperforms

The indexes were flat today, but there was some good action in certain spots.  Many of the sector etf’s I follow were either red today or just up slightly with the exception of biotech which had another good day as XBI was +2.0%.  So good relative strength. ONCE had a +2.0% today and really looks like…

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Two Sectors That Need To Be Watched

Over the last couple of days, some interesting things may be starting to happen in two sectors. Metals & Mining (XME) and the gold miners (GDX) may be starting to telegraph a big move higher.  We have seen a few false starts and fakes outs in both these sectors over the last six months, but…

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A Decent Start To the Week

The weekend came and went without any major developments on the North Korean front, allowing investors to breathe a sigh of relief and launch another ‘buy-the-dip’ campaign on Monday.  U.S. Treasuries began the week on a lower note, giving back a portion of their gains from the end of last week. The retreat took place…

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Only Dennis Rodman Can Save Us Now

As Trump threatens to go full Daenerys Targaryen on North Korea, it has become evident to me that only Dennis Rodman can save us now. The Donald was quoted as saying today that if NK doesn’t get its act together, “they will be met with fire and fury the likes of which the world has…

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Flat Day

Dow: +9.86… Nasdaq: -22.30… S&P: -5.41… Equities ticked down today, and the energy sector tumbled 1.3% in its worst one-day performance since July 6. Just about all energy components finished in negative territory. XLE closed down 1.4% and XOP ( exploration & production) was down 3.5%. It’s still hard to trust energy at this point and seems like they would…

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Biotech Continues to Percolate

Dow: -66.90… Nasdaq: +23.05… S&P: -2.63… It was a down day with the exception of the Nasdaq which rose about a half percent.  Biotech was the leader and there were some nice poppers in the sector.  If you ask me, XBI looks like it getting ready for a move to all time highs. If that does become a reality, then…

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