Consolidating

Dow: -51.37… Nasdaq: -21.58… S&P: -7.81.. “A long-term investment is a short-term investment that failed.”-Unknown I decided at the last minute that I wanted to go in depth on biotech, so I will be throwing out the video tomorrow night. Right now bio is taking a little rest, so I thought it would be fun to…

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Some Watch List Ideas

I will have the weekly video out tomorrow, but here are some long setups I will be watching this week. There are some great pullback plays setting up on some stocks that broke out a month go.  I will go over these and others with more specificity tomorrow. These are watchlist names only, I have not…

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Bout Time

Dow: -112.58… Nasdaq: -42.81… S&P: -14.04… The market saw the first downtick since the Age of Pericles today and it was long overdue. We could see little more pressure, we’ll just have to see.  This is a very stubborn bull. Personally, for now, I think dips will be shallow and buyable. The financials led things…

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A New Month Begins

  Dow: -25.20… Nasdaq: -36.46… S&P: -6.11… Investors took some money off the table after a strong month and ahead of President Trump’s first prime-time address to Congress, which is scheduled for tonight at 9:00 pm ET. The Nasdaq’s (-0.6%) slip was a bit more substantial. Meanwhile, the Russell 2000 finished with a sizable loss…

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Biotech Is On the Launchpad

We all have our demons, things that keep us up at night. LABU has been my demon the last few days and has prevented quality REM sleep and has given me night terrors. Although we made great money, the chart was still fabulous. What I should have done was to have lowered my stop so…

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Market Resilient After Some Headwinds

Dow: +34.72… Nasdaq: -25.12… S&P: +0.99… Declines in biotechnology shares dragged down the Nasdaq, pressuring an index that has soared so far this year.  The Nazzy fell 0.4%, but is up more than 8% in 2017, outperforming both the Dow and the S&P 500, which are up more than 5%. The tech-heavy index has closed…

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One To Watch

Sad…but now so true Dow: +32.60… Nasdaq: -5.32… S&P: -2.56… Both XBI and IBB have struggled at resistance the last few days and both were down 1 and 2% today.  Some individual stocks in the bio patch were down more though, as folks took some profits.  A good example would be EDIT which dropped 13%….

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