September 13, 2018

There Is Room To the Upside In Biotech

Today’s trading in biotech and healthcare was rough, once again. However, we did get some long signals for a couple stocks, EVH and FCSC. The later was actually triggered late yesterday but was still active today. Overall, upside potential seems strongest for generic healthcare stocks, but biotech has begun to catch up. Here’s 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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November 16, 2018

Squeeze

In today’s end of the week video, I discuss the chart formation of the S&P 500 – the squeeze pattern.  The market is currently auctioning between these levels which will be very important support and resistance levels for next week. Which way will it break out?

Read Article
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 […]

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November 16, 2018

Mirror Maze Market

Yesterday a 5-day losing streak was broken. The question is can we have a two-day rally, especially in the face of a weekend? We haven’t seen a Friday rally hold in weeks. In the last few days, we had some major names come out and call for world woes to appear. Paul Tudor Jones is […]

Read Article

Read Similar Articles

November 16, 2018

Squeeze

In today’s end of the week video, I discuss the chart formation of the S&P 500 – the squeeze pattern.  The market is currently auctioning between these levels which will be very important support and resistance levels for next week. Which way will it break out?

Read Article
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 […]

Read Article
November 16, 2018

Mirror Maze Market

Yesterday a 5-day losing streak was broken. The question is can we have a two-day rally, especially in the face of a weekend? We haven’t seen a Friday rally hold in weeks. In the last few days, we had some major names come out and call for world woes to appear. Paul Tudor Jones is […]

Read Article