Biotechnology ETFs Stay The Course
The world of biotechnology stocks can be a volatile one for investors looking to play individual names. In an environment where unexpected drug approval delays can cause major pain for any stock, detailed industry insight, knowledge of the drug approval process and of course a clear-cut investment strategy are essential. While a defined-risk approach is […]
Are we seeing a triple top in the S&P 500?
With stocks up big year to date and most indices at or already somewhat above critical levels, it’s time once again to review the charts of the broadly followed S&P 500 for potential clues to the near-term blues. As of Friday’s close, the S&P 500 was higher by 9.43% and only about 5 points away […]
Netflix Chart Breakout
Movie subscription service provider Netflix Inc. (NFLX) has seen some major volatility in its stock over the past two years. After falling from the July 2011 all-time high near $305, the stock didn’t find bottom until August 2012 and closer to the $52 mark. The stock has since rebounded sharply, the pivot point having been […]
Key Level To Watch On Apple
Since my last update on Apple Inc (AAPL) on March 5th (http://investorplace.com/2013/03/watch-apples-chart-for-bounceability/), the stock has more or less done nothing. Yet there is something to be read out of this lack of movement none the less. On the simple daily chart looking back to the stock’s all-time highs of roughly $705 on September 21 2012, […]
Sports Apparel Makers Are Juicy Shorts
Let’s face it, sports apparel stocks have been in fashion in recent years, no pun intended. Specifically Lululemon Athletica Inc (LULU) and Under Armour Inc (UA), given the mega-trend in yoga and other apparel have benefited in building their brands. But older dogs such as Nike Inc (NKE) too have been part of the game […]
High Probability Short In Apparel Store Ross Stores Inc.
With yesterday’s broad market sell-off plenty more stocks are now showing their real colors and are setting up for juicy risk/reward swing trades in the near-term. One group of stocks that has been on my radar to try the short side of are the apparel retailers. I discussed a short-side trade in Ralph Lauren (RL) […]
Gold: My Target Has Hit, Now What?
Since I last banged my drum on the state of gold here on January 29th (http://investorplace.com/2013/01/gold-bugs-headed-back-to-the-bench/), the SPDR Gold Shares ETF (GLD) has reached and in fact undershot my target near the $155 level. A combination of (at least in some minds) a better economic backdrop and a rising U.S. Dollar took the near-term bottom […]
Google: All-Time Highs, Now What?
Earlier today Google Inc (GOOG) hit a new all-time high and because the most recent ascent in price mimicked that of a solid double diamond ski slope, let’s review where we are and where the stock may go in the near future. Like most stocks, Google Inc (GOOG) rallied strongly off the late 2008/early 2009 […]
Three Stocks, One High Probability Pattern
With stocks continuing their 2013 rally the probability of further gains without any better consolidation in price is reduced by the day. This however is not to say that stocks can’t continue to rise, but overbought stocks that are flagging the consolidation sign may be worth trying on the short-side for a trade. My chart […]
Apropos Stocks Gone Vertical
The S&P 500 thus far in 2013 has rallied just about 6.50% without any real consolidation in price. While the price action feels very extended, it does mostly so because of the one way uphill street we have taken so far this year. To put this in context however, just looking back 12 months reveals […]