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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, [...]

Oct 5, 2017 10:49am|Categories: Equity Market Analysis|Tags: , , , , , , , , , , , , |3 Comments

Biotech Sector Top Components

These are the charts of some of the largest components in the biotech sector. My reasoning for closing about 60% of my biotech shorts shortly before the close yesterday & closing the remainder shortly after the open today, as well as reversing to a long position, was the fact that the majority of top components [...]

Sep 29, 2015 10:58am|Categories: Equity Market Analysis|Tags: , , , , , , , |Comments Off on Biotech Sector Top Components

Active short trades to be removed

In updating the trade ideas on the site, the following trades will be removed from the Active Short Trades category.  These trades have either hit one or more profit targets, exceeded their suggested (or any reasonable) stop criteria, or based on the technicals, these trades no longer offer a very attractive risk/reward profile.  Also note [...]

Jan 7, 2013 6:11pm|Categories: Completed Trades - Short|Tags: , , , , , , , , |Comments Off on Active short trades to be removed

CELG first target hit

The CELG short trade has hit T1 so consider booking partial or full profits and/or lowering your stops.  My preferred target on this trade is T2.  CELG was first mentioned as a short on Oct. 21st along with my other favorite shorts in the sector.  The first chart below is the daily chart from the [...]

Nov 8, 2012 12:39pm|Categories: Completed Trades - Short|Tags: |Comments Off on CELG first target hit