A comprehensive overview of IWM (Russell 2000 Small Cap Index ETF), covering various time-frames (weekly, daily & 60-minute charts) as well as the charts of a handful of the top components of IWM, some of which look to be promising swing trade candidates. This video begins with the long-term view of IWM via 10-year weekly charts, moving down to the daily & then 60-minute charts, followed by a review of the following top components of IWM, including price targets & key technical patterns, support & resistance levels: AMD, TSRO, MSCC, OZRK, RSPP, EXEL, SNX & UBNT.
Just a heads up that several of the official & unofficial trade ideas recently posted on RSOTC are scheduled to report earnings after the markets close tomorrow, including ATVI, CARA, ERI, GDEN & TSRO. Keep in mind that list is far from inclusive of all of the recently highlighted trade ideas. There are numerous sources on the web to find the upcoming earnings dates for your positions, such as this earnings calendar from Yahoo Finance, the company's website (usually found under Investor Relations or a similar link at the bottom the company's home page) or even a quick Google search for [...]
This video covers the charts of about half the stocks currently on my watch-list as potential long and short trading opportunities. The video begins very brief overview of the broad market as well as the breakout above the triangle pattern that was highlighted yesterday on the USO 60-minute chart. Following the USO commentary, the following trade ideas are discussed in this order: COP, SEDG, CSIQ, LL, BAS, PIR, TSRO, ELLI, CNAB, AXAS, ACPW, ASPS, PLCE, MNKD, BITA, YELP,CVSI, SHOS, SMH, BBW & ALDR https://youtu.be/8wIIaPK9xjc There were some issues with loading the charts during the video which turns out was due to [...]
As this video ran longer than I had anticipated, I'll sum up my thoughts for those that don't have the time or inclination to watch the entire video. Despite the fact that the biotech sector has been drifting higher in a choppy but overall bullish trading range since the February lows, there is very little, if any, evidence on the long-term charts that indicates the bear market off the July 2015 highs is over. The biotechs very well could be on their way to new highs but again, the technical evidence to support that case just isn't there yet, although it [...]
This video discusses some of trading strategies & risks unique to trading individual biotech stocks along with some general guidelines to use when charting & trading stocks in the biotechnology sector as well as other sectors. Along with various tips & strategies for trading both biotech stocks as well as other securities in general, the charts of the following biotech stocks are covered in detail: ION, TSRO, LJPC & XON.