NFTRH+; check out this pattern [w/ edit]

I added back Biotech related DVAX yesterday, noting a short-term bottoming pattern (trade log): “As for the chart, the daily has a little hint of a short-term bottoming pattern if today remains positive.” Now let’s take a look at the Biotech ETF (daily chart), which is forming something similar. The down-sloping SMA 200 (black) is actually something of a neckline for the pattern and this … Continue reading NFTRH+; check out this pattern [w/ edit]

nftrh plus

NFTRH+; a US Sector ETF Cup & Handle Breakout & Target

We track the Biotech iShares each week, and here is the up to the minute view of a constructive situation breaking to a bullish one. From NFTRH 514 (I since added BIIB as well, per the Trade Log). The rough target for this pattern, which has turned out to be a Cup with a Handle breakout is around 137 as long as the 118-119 area … Continue reading NFTRH+; a US Sector ETF Cup & Handle Breakout & Target

alice

NFTRH; 2 Sectors Keying Off Interest Rates

As everybody knows, long-term interest rates have been rising since the beginning of September, well before the FOMC supposedly surprised markets with a lean to a hawkish stance (for December) and an affirmation of its plan to slowly reduce the $Trillions in assets from its balance sheet. We’d already seen this potential in the bond sentiment and CoT data. If the market does the logical … Continue reading NFTRH; 2 Sectors Keying Off Interest Rates

GILD Bye

It’s been a great run off the June bottom and now all Biotech profits are booked. I’ll hold general Healthcare for now, with all individual stocks in the books (except for 2 Device companies). Subscribe to NFTRH Premium for your 40-55 page weekly report, interim updates and NFTRH+ chart and trade ideas or the free eLetter for an introduction to our work. Or simply keep … Continue reading GILD Bye

Well How About Those Healthcare Flags?

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?