Public – Energy Sector Review
Energy Sector Review – It’s all a matter of perspective. If you fell asleep Sunday night and didn’t wake up until after the market closed on Monday, you may have thought that not a lot had happened. If, however, you read my report Monday morning , you saw that Oil had dropped 4% overnight. CNBC […]
It’s Been A Blast (Off)
I recently wrote up a public post showing what we have been invested in as far as Gold, Miners, Energy, and Commodity Stocks. With careful analysis, we have been able to catch blast off after blast off in a variety of sectors. These runs do not last forever. They run up, then consolidate those gains, and if conditions remain bullish, they can enjoy another run higher. Lets review how we've been doing that.
.
I did call these lows in the General market notice that we did get the expected run higher. I then pointed out in MARCH a bearish rising wedge, so caution was warranted. A drop was expected.
In todays premium report I showed that Yesterday we saw a reversal and the sideways action has 'repaired' that Bear Wedge. It now could be a channel, and the markets can resume their up-leg.
Read More
What’s The Big Idea?
My weekend report had over40 charts, some for educational purposes and others to point out a few trade set ups. We have been focused on specific sectors and I wanted to focus on what I think could be important at this moment. I'd like to share a small portion of that with you here.
IBB - One area that I've been stalking lately is the the Biotech sector. It has been bottoming for over a month and broke out recently. Lets review what we've been watching.
IBB March 21= double bottom base
Nice break out (But notice the resistance on the left. Were there buyers there hoping to sell at break even?).
IBB WKLY - Apparently so, sellers may be present, but I expect this to go higher when they are out of the way. Thats a nice base. Support is now near $270-$275, The saying is "Buy the dips , sell the rips".
.
