I've received a few comments lately regarding the strength of the Russell 2000 (small caps) so I made this video to share my thoughts on the index. I also covered the charts on the following components of that index in order to get a better feel on where the index itself is likely to go from here. Many of these stocks are either active or recently completed trades on the site so for those who wish to skip forward in the video, here's a list of the charts in the order discussed: $RUT weekly, $RUT daily, $RUT 60 min, WNR, GCO, [...]
The biotech sector remainS one of my favorite short trade ideas and I've put together this video covering the charts of the 14 biotech stocks that I posted on October 21st as my favorite individual shorts in the sector (click here to view that post). Also discussed are the IBB, my preferred ETF for the sector as well as a few alternative etf's (PBE, XBI, BBH, etc...). CLICK HERE TO VIEW THE 10/30/12 BIOTECH SECTOR TRADE IDEAS VIDEO
one of my favorite sectors to short at this time is the biotech sector. in fact, there are so many nice charts that i really can't pick any one or two favorites (although the recently triggered BIIB active trade is one of my top picks). therefore, i will try to put together a video covering the trade ideas in that sector asap, hopefully tomorrow. i went thru the charts of all 116 components of the IBB (iShares Biotechnology Index Fund ETF) and here is list of some of the best looking shorts in the group, as well as two longs that [...]
as i have been working on getting the trade ideas cleaned up, i noticed the following short trades have all been stopped out as per the previous posted suggested stop criteria for each trade and will be moved to the completed trades category: GCO, GDX, , IMGN, IYR (hit T1, then bounced and stopped out), JJC (also hit 1 before bouncing & triggering a stop), M (hit both T1 & T2 before bouncing & triggering a stop), TIBX, & IBKR (which actually hit its profit target a while ago but i had made some additional stop suggestions for anyone who did [...]
here some updates to the active short trades. any active shorts not listed here still look fine technically but feel free to email me if you have any specific questions on a trade. [...]
IMGN is breaking below the uptrend line, providing an objective short entry here. keep in mind that trades breakouts and breakdowns that occur within the first 30 minutes of trading has a higher rate of reversing. therefore, although i still think IMGN can be shorted here, i would consider stopping out if the stock closes back above that trendline today or tomorrow. IMGN will be added as both an active trade and a setup.