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CELG Appears Poised To Rally

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 [...]

2018-04-04T12:36:08+00:00 Apr 4, 2018 12:36pm|Categories: Unofficial Long Ideas|Tags: |1 Comment

CELG Final Price Target Hit for 14% Profit

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 [...]

2017-12-11T09:49:33+00:00 Dec 11, 2017 9:47am|Categories: Completed Trades - Long|Tags: |Comments Off on CELG Final Price Target Hit for 14% Profit

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

Stock Market & Sector Analysis (video)

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 [...]

2018-01-21T22:34:25+00:00 Oct 30, 2017 10:49am|Categories: Equity Market Analysis, Forex (Currencies), Gold & Commodities|Tags: , , , , , , , , , , , , , , , , , , , , , , |1 Comment