I am not bullish on the miners as a group because the technicals are bear biased and the fundamentals are not nearly all in place. But the ones I hold (smaller items) are generally doing well and the sector as a whole has been beaten enough, post-FOMC. They told me in Stock Trading Genius 101 not to be greedy so the NUGT short joins the … Continue reading Gold Miner Short Covered
It’s been a long time coming for the Biotech sector that has for me included some stops and starts in AMGN, GILD and IBB itself. Some profits, some losses. But back in April the chart of ABBV said “hey Gary, highlight this stock’s weekly chart pattern and NFTRH+ it for subscribers”. I did, and I also bought it back then. It’s been a great hold … Continue reading Biotech Breakout
The top panel is junk vs. long-term Treasury and the bottom panel is nominal junk. HYG/TLT is poking below the 200 day moving average today with a support line just below. Nominal HYG is just in a little pattern with some potential to roll over, but it’s still in a full uptrend above the rising SMA 50. Per the May seasonal (courtesy of Sentimentrader) and … Continue reading Junk/Treasury Bond Signal Going Bearish?
