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GILD Approaching Long-term Support

GILD (Gilead Sciences) is starting to look interesting as a potential bottoming play as it approaches long-term support around 64.75 with potential bullish divergences on the weekly time frame. Watching to see how it acts around this level, particularly any signs of a selling climax and/or bullish candlestick reversal pattern around this support level. Unofficial [...]

Feb 9, 2017 9:59am|Categories: Unofficial Long Ideas|Tags: |1 Comment

Technical Outlook for GILD & BMY

Member @Ruben asked for my opinion on BMY (Bristol-Myers Squibb) and GILD (Gilead Sciences) in the trading room & as there are some pretty clear technical developments on both, I figured it would be worth sharing the charts for anyone else interested. In fact, as these two companies are in closely related and somewhat overlapping [...]

Jan 3, 2017 4:15pm|Categories: Equity Market Analysis|Tags: , |4 Comments

US Equity Market Outlook (video)

This video highlights the fact that the US equity markets are at or just below major resistance level while recently breaking down from bearish rising wedge patterns on the 60-minute time frame. While some indices, such as the Russell 2000 Small Cap index, are in a confirmed near-term downtrend (i.e.- a series of lower highs [...]

Mar 15, 2016 4:01pm|Categories: Equity Market Analysis|Tags: , , , , , , , , , , , , , , |9 Comments
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