The Selling Continues

The sellers persisted today and the SPX is now down about 100 handles from the December intraday highs. The biotech sector looked liked murderers row again as more profits were captured. SPX has now broken all moving averages with the exception of the 200 days which is now just below. IBB is still holding its […]

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Big Fade, Go Figure

  This is a week of Earnings and Expirations, so at the very least we should expect to see additional volatility in the market.  We also have to take into account  that the Major Indices, and some Sectors, are technically speaking in a somewhat “vulnerable” position after seeing some early distribution days to start the […]

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Biotech In Focus (But What Else Is New?)

Crude continued to be a big drag today. Early futures were bullish , but then oil started getting crushed hard and it really put a wet blanket on the market. The biotech etf (IBB) started off incredibly strong, but soon gave back some of its opening euphoria and fell under the weight of the general […]

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A Big Week On Deck For Biotech

We should see a very interesting week in biotech next (still our exclusive focus) as the JP Morgan Healthcare conference starts up. The JP Morgan conference, from Monday to Thursday, is the health industry’s biggest annual event, setting the agenda for the year. Sentiment out of the conference can dominate the first half of the […]

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Some Trading Guidlines

Some of the salty veterans of Upsidetrader asked me yesterday where my Joe’s Rules tab went. I used to have it on the blog. Anyway, here are some of some things to keep in mind, not only when trading , but also to help understand the Upsidetrader blog.  Much of it is common sense stuff.  […]

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Happy New Year?????

This market has been quite loopy these first few days of the new year. Thankfully we’re in good shape and are exposed to a sector that thankfully has been semi immune to the selling. The IBB was off a bit today , but overall is acting superbly on a relative basis. As you can see […]

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Market Beat Down

Above Chart:  Uptrend (white line) held today. Stocks began sliding at the sound of the opening bell amid weakness in Europe that was brought on by renewed fears of a potential Greek exit from the eurozone. With the January 25 Greek snap elections fast approaching, voices out of Germany have tried to calm investors, but […]

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