November 16, 2018

Have the Bulls Returned To Biotech?

Today’s market had a clear bullish inclination, particularly in the overall healthcare sector. The sector ETF XLV was up over +0.90%, but the biotech ETF IBB lagged behind at +0.61%. We saw very strong movement in MRK, which was up over +1.40% and reached a high of $76.10 as of the time this content was created. On the negative side, ACHC was hammered after it was reported that buyout talks with KKR had stalled. The stock was down as low as just above $28.00 per share after opening near $38 at the beginning of the session. Here’s a recap of what happened.

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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Bad News For NKLA Can Be Good News For NIO

  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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The VIX and VXX are both very popular trading vehicles for trading volatility.  But, unlike the perceptions of many traders, they are not exactly interchangeable.  There are many similarities and more importantly, some very important differences. Click the video below to learn more details: Grab a free day pass to one of our live signal […]

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TSLA Inside Bar Entry

An inside bar is just what the name implied.  It is a bar that is “inside” of another bar.  We use a daily chart for this approach.  So the high from two days ago is higher than the high from one day ago and the low of two days ago is lower than the low […]

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