December 10, 2018

Can’t Keep A Good Market Down?

US equities markets engineered a major comeback after being hammered at the opening bell. The SPY ETF, which tracks the S&P 500, was down over 2% before reversing to become positive by the latter part of the session. The healthcare ETF XLV and the biotech ETF IBB both bounced back as well and were positive at the time this content was recorded. Meanwhile, Imprimis Pharmaceuticals (IMMY) rallied strongly due to an upgrade from Lake Street with a  $10 price target. Here’s a recap.

about the author:

Mike Patton

Mike Patton took the leap into the markets beginning as a commodities broker in 2005, where he was responsible for identifying trading opportunities and executing trades on behalf of clients. After years as a broker he made the jump to education by joining the team at Trading Advantage, now Prosper Trading Academy.

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  We had a great example of a swing buy entry in NIO, Inc., the electric car company (Ticker: NIO). It’s based on a break out pattern on an hourly chart and confirmed with a daily chart.   Click the video below to learn more details: Grab a free day pass to one of our live […]

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