There was the high, tight one on Biotech iShares, IBB and then others noted on the Medical Device iShares, IHI and the general sector SPDR, XLV. Well, there ya go. Here’s the updated chart. The oft-noted interest rate dynamic is obviously in play here to some degree. Subscribe to NFTRH Premium for your 40-55 page weekly report, interim updates and NFTRH+ chart and trade ideas … Continue reading Well How About Those Healthcare Flags?
Normally I would not micro manage a fledgling trend line break like this, but I know a lot of subscribers are interested in the Energy sector, so here it is. XLE broke above the SMA 50 (blue) yesterday on volume, and is trying to break the channel’s top trend line today, after dropping in-day to test the SMA 50. The first resistance area is shaded. … Continue reading NFTRH; Energy Sector
Three commodities that have gotten big hype bids over the years include what I call the “outliers”, Uranium, Rate Earth Elements and Lithium. Way back in the day, the self-named original “Uranium bug”… what was his name? Dines, that’s it; the oUb got us all to see the wonders of u3o8 and its miners. He was sort of the George ‘ride the light’ Gilder, from … Continue reading The Commodity “Outliers”: Uranium, REE & Lithium
