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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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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Slow,But Still Some Poppers

Dow: -28.97… Nasdaq: +4.96… S&P: -0.38… The market was pretty flat today, but there were a few movers and shakers.  Healthcare and biotech led the pack today and many stocks in the biotech sector are really setting up nicely again. KITE had some good data come out and it popped 4.2%. I took another 1/3 OFF for +32%.  The other two…

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Summer Doldrums, But Earnings May Bring Some Excitement

Dow: -5.82… Nasdaq: +23.31… S&P: +2.25… Retail got crushed again today.  Some of the names in the group started to crater last week as they pre- announced their earnings, but it doesn’t  look good for this sector right now as the “Amazon Effect” takes hold. Here is one little example of Amazon’s potential reach in destroying retail.  As a result, Best…

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Two New Names

Biotech added another percent today but came off the highs towards the end of the day.  The move has been exceptional and the volume today was actually bigger than the last two days. This tells me that it wasn’t all buy side volume, as some players were taking some profits. I added one short and one long…

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It Doesn’t Get Much Better Than This

Dow: -57.11… Nasdaq: +45.92… S&P: -1.42… The Dow, S&P and Russell were all down today.  The Nasdaq was probably up because it was aided by biotech which ran like a scalded monkey.  The volume in XBI and IBB was huge. Biotech (XBI) ripped almost 5% today and you don’t see that a lot, as a…

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Biotech Rampage…..A Short and a Long

Today the stock market gave back nearly all of yesterday’s climb to new record highs.  Crude oil futures plagued the energy group, dropping as low as $42.95 per barrel, as concerns about excess supply, and a deteriorating technical picture, continued to weigh.  Apparently, we have an oil glut……….who knew? By the way, the FAANG stocks still look…

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More New Highs and a New Name

Dow: +144.71… Nasdaq: +87.25… S&P: +20.31… Wall Street kicked off the week on a positive note as the S&P  bucked its recent sideways trend and advanced to a new record close. The Dow also settled at a fresh all-time high while the tech-heavy Nasdaq exhibited relative strength as technology and biotechnology stocks outperformed. The three…

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