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XBI Biotech Sector Analysis

Member @natdicarlo requested an update on the biotech sector (XBI/IBB) within the trading room. XBI was recently rejected near the top of the former support, now resistance zone & has moved back below it which is bearish. That 60-min resistance zone was also a key support zone on the more significant daily chart so the [...]

Nov 28, 2017 10:41am|Categories: Equity Market Analysis|Tags: , |3 Comments

Market Analysis & Trade Ideas (video)

Technical analysis on the US stock market, gold, GDX as well as several sectors & trade ideas that stand out at this time. Covered in the following order are ACBFF (Aurora Cannabis), EUR/USD, (Euro & US Dollar), GLD & GDX (gold & gold mining ETFs), QQQ, SPY, XBI, IBB & GE (General Electric).

XBI IBB Biotech Sector Analysis

In response to the previous update on QQQ & the market leading FAAMG stocks, member @natdicarlo posted the following comment: Thanks Randy, IBB appears to be breaking out. Any thoughts on that as it might have implications on QQQ. Although biotechs don't have nearly as much of a weighting in the Nasdaq 100 (QQQ) as [...]

Jun 19, 2017 3:15pm|Categories: Equity Market Analysis|Tags: , |2 Comments
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