A recap of today's price action & recent technical developments in the US equity markets (SPY, QQQ & IWM) as well as a few key sectors ETFs such as XLK (technology), XBI & IBB (biotechs), SMH, XSD & SOXX (semiconductors) as well as the volatility indexes ($VIX & $VXN).
Fundamental & technical analysis on a few key sectors including the automakers, biotechnology, semiconductors, technology as well as the volatility indexes. The following stocks & sector ETFs are covered in this order: F, GM, TSLA, TM, XBI, IBB, PBE, SMH, XSD, SOXX, XLK, TECS, $VIX & $VXN.
XBI (Biotech ETF) has broken below this 5 month uptrend line, triggering a sell signal while the PPO remains below the zero line, indicating a bearish trend. I am holding off from adding XBI or any of the other biotech ETFs as official trade ideas for now, preferring to see additional bearish confirmation in the [...]
Technical analysis on the US stock market via SPY, QQQ & IWM as well as GLD, GDX, SMH, XSD, SOXX, XLF & XBI.
This video provides the outlook for various U.S. & non-U.S. indexes as well as numerous sectors & industries. Highlighted are some of the more bullish & bearish sectors at this time as well as well as a concerning development in which I've noted a recent & clear shift, most likely by institutions (i.e.- the 'smart [...]
Sector analysis gold & the precious metals mining stocks via GLD & GDX followed by analysis of the energy sector (XLE), Biotechs (XBI) & retail sector (XRT).
The most significant levels that I've been monitoring in recent months on the biotech sector is this large symmetrical triangle pattern (yellow). Today's rally has taken XBI within 1% of the top of the triangle which is likely to either act as resistance when hit, sending prices lower, or a breakout followed by a rally, [...]