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 [...]
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.
The following notes & charts outline the entry criterion, price target, suggested stop & beta-adjusted position size for a swing trade on GILD, Gilead Sciences Inc.
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, [...]
GILD has now hit & slightly exceeded my 81.76 target, which will most likely prove to be a momentum-fueled overshoot of that level, followed by a 9% drop to the 76.50 area. I starting making the bullish case for a meaningful trend reversal & rally earlier this year as GILD was approaching the key long-term [...]