Member @koolmoto requested analysis on CELG within the trading room & as I like what I see, I figured that I'd posted it here on the front page for all to see. I might even add the stock as an official trade but I would like to analyze the charts of the biotech sector & other leading biotech stocks before doing so in order to align the bullish outlook for CELG with a near-term bullish outlook (or not) for the biotech sector. CELG (Celgene Corp) could rally as high as the 111 level, should this chart as well as that of [...]
The CELG (Celgene Corp) swing trade has hit T2 (110.38) for a 13.8% profit. As this was the final target, consider booking full profits or at least raising stops. This trade is a nice example of how technical analysis can be used to catch tops & bottoms as the entry for this trade was made just off the lows on Oct 26th, within minutes after the stock bottomed on October 26th following a near-vertical plunge of 36%. Previous & updated daily charts (click first chart to expand, then click anywhere on the right of each expanded chart to advance to the [...]
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 [...]
Technical analysis of the US stock market & several sectors that stand out at this time. Covered in the following order are: QQQ, SPY, XES, XBI, IBB, AMGN, GILD, CELG, REGN, ACBFF, WEAT (wheat ETN & NIB (cocoa ETN):
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).
Technical analysis on the US stock market & select sectors as well as some trade ideas that stand out at this time.
Technical analysis on the U.S. stock market, select sectors that stand out as well as gold, GDX & the US Dollar. Covered in the following order are the outlook for the US dollar, gold & the precious metals sector via EUR/USD, /GC (gold futures), GLD (gold ETF) and GDX (gold miners ETF); the near-term outlook for the biotech sector via XBI along with an update on the CELG (Celgene) active trade; crude oil & the energy sector via /CL (crude oil futures), XLE, XOP, XES & a few individual energy stocks that stand out as potential trade ideas; analysis of the [...]