Triggered Stocks
BLT, ACHC, MDXG
Trades
Sold balance AMBA +21%
New Stocks
None
Upside’s Commentary
The major averages ended Tuesday near their highs with the S&P 500 (+0.5%) registering its fifth consecutive advance. The benchmark index settled at a fresh record at 2,051.80 high while the Nasdaq Composite (+0.7%) outperformed after struggling yesterday.
Today began on an unassuming note, but the health care sector (+1.6%) quickly pulled away from its flat line thanks to significant strength in biotechnology. The iShares Nasdaq Biotechnology ETF (IBB 295.25, +6.41) jumped 2.2% and contributed to the relative strength of the Nasdaq.
It feels to me that the animal spirits are stirring and this action could take s through Thanksgiving. Then we wait for Santa Clause.
Don’t know about you guys, but I’ve been trading with gloves and a hat. Brutal cold out there. Stay warm.
Remember this chart from the Sunday video? Well its popping above that red line.
See you in the morning.
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