The XBI Trying To Break Up
Finally, markets are seeing some rotation into the unloved sectors. We will be looking at buying cheap calls in healthcare stocks, with good looking charts.
list of daily videos
Finally, markets are seeing some rotation into the unloved sectors. We will be looking at buying cheap calls in healthcare stocks, with good looking charts.
6 days ago I shared one of my favorite earnings spread strategies. Today we had an opportunity to apply them again and the results speak for themselves.
Multi time-frame squeezes + multi time-frame alignment = explosive moves. Let’s recap the action from today’s rally.
A nice bounce in the /ZB helped the lagging indexes, like the XBI. Now XBI looks like a possible upside breakout.
Last week we stayed with waiting for pullback to buy, in other words, Stay Bullish. In this update, I talk about how I am choosing the symbols to buy the dip on because watchlist building is the key to follow-through or “what you trade is more important than how you trade it”!
Many under-loved biotech stocks are seeing big upticks in call volume. I am looking for unusual call action to spot potential long ideas.
We are still seeing warning signs flashing for U.S. equities. However, warnings do not tell us that the advance is over. They tell us that when we do see signs of a top, that it could be a serious one. But for now, we haven’t seen a top materialize, so this isn’t something to act on yet.
Tech is trading like it’s 1999, and while the signals are bullish, maybe things are too good?
In this update, I share where and how I will stay on the long side of the indices, bonds, and more in February.
With SPX at lifetime highs I’m not going to tell you to short, but at the same time, it’s hard to think there’s much of a discount at these levels. Let’s add a bit of diversity to our watchlist tonight with an update on gold.