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XBI Biotech Sector Analysis (video)

Technical analysis of the biotech sector etf, XBI, as well as several leading biotech stocks. Note, I don't have a strong opinion on the near-term direction of the biotech sector & as such, you might want to skip this one. I recorded this video in response to a request for my thoughts on the biotech sector from a member in the trading room. I don't see many actionable trade ideas in the biotechs at this time although I decided to post the video for anyone interested. Key support & resistance levels as well as some additional comments on the biotech sector [...]

2018-02-28T17:16:42+00:00Dec 7, 2017 10:56am|Categories: Equity Market Analysis|Tags: , , , , , , |Comments Off on XBI Biotech Sector Analysis (video)

Stock Market, Sector & Gold Analysis (video)

Technical analysis on the US stock market along with several sectors that stand out at this time including the Euro & US DollarGLD (gold ETF) & GDX (gold miner ETF), XBI (biotech ETF) & XES (oil & gas equipment & services ETF).

2017-11-10T10:23:38+00:00Nov 10, 2017 10:23am|Categories: Equity Market Analysis, Forex (Currencies), Gold & Commodities|Tags: , , , , , , , , , , , , , , , , , , |1 Comment

And Now We Wait: FAAMGs Earnings On Deck

Today will most likely see the markets trade in somewhat of a holding pattern as investors & traders alike await a slew of earnings reports from several market moving stocks. Three of the five FAAMG stocks; AMZN (Amzon), MSFT (Microsoft) & GOOG/GOOGL (Alphabet) will report earnings & provide forward guidance after the close of trading today along with two other top 10, over-weighted components of the Nasdaq 100; INTC (Intel) & AMGN (AMGN), the 12th largest component & a major player in the biotech sector, AMGN (Amgen). There's not much to add that wasn't covered yesterday: Both SPY & QQQ fell [...]

2017-10-26T09:15:42+00:00Oct 26, 2017 9:14am|Categories: Equity Market Analysis|Tags: , , , , , , , , |Comments Off on And Now We Wait: FAAMGs Earnings On Deck

QQQ & XBI Technical Analysis (video)

Technical analysis on QQQ as well as the market leading FAAMG stocks followed by the outlook for the biotech sector via XBI and a few of the largest biotech stocks (most of which are components of QQQ). The following ETFs & stocks are covered in this order: QQQ, AAPL, GOOGL, MSFT, FB, AMZN, XBI, ABBV, AMGN, CELG, GILD, BIIB & REGN. Playback speed can be increase in the video settings to reduce playback duration.

2017-10-05T10:49:40+00:00Oct 5, 2017 10:49am|Categories: Equity Market Analysis|Tags: , , , , , , , , , , , , |3 Comments

AMGN & XBI Biotech Sector Breakdown

I haven't posted much analysis on the biotech sector lately as my opinion wasn't very strong. However, this bearish candle is XBI today is both a breakdown below the bearish rising wedge pattern (white lines) as well as a failure from the recent bullish pennant (blue lines) breakout. My expectation is for a continued move down towards the 73.00 level which would account for about another 7% drop in XBI. XBI daily July 27th In this post on Tuesday, I stated that: AMGN (Amgen Inc): The largest biotechnology company & top component of most biotech ETFs. How this stock [...]

2017-07-27T17:05:14+00:00Jul 27, 2017 5:05pm|Categories: Equity Market Analysis|Tags: , |Comments Off on AMGN & XBI Biotech Sector Breakdown