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Are We Listening To The Market's Message?
Video By:
Chris Ciovacco
Friday, March 8, 2024 11:40 PM EDT
This week's video features chart/fact-based Q & A covering major stock market indexes, ETFs, the economy, homebuilders, regional banks, semiconductors, value stocks, energy stocks, biotech, and more.
In this video: SLYV, QQQ, QTEC, AGG, DBC, DIA, IEF, IEI, ITB, IWM, KRE, RSP, SCHG, SPY, VEU, VIG, VTV, XBI, XLK, XLP, BIL
“Advance Is Advancing” Stock Market (And Sentiment Results)…
Article By:
T.J. Hayes
Thursday, February 29, 2024 10:30 AM EDT
Commentary on the stock market, economy, inflation, biotech, and auto sales, as well as a deep dive into Advance Auto Parts.
Biotech And Medtech Portfolio Notes On A Fed Day
Article By:
Rod Raynovich
Wednesday, January 31, 2024 10:00 PM EDT
The Fed held rates keeping their future options flexible with no expectations for future cuts. The market did not like it and sold off with the Russell 2000 down 2.45% and the NASDAQ down 2.23%
Biotech Review - Waiting For A Reset
Good analysis. However, you missed the hourly chart. The biotech correction on the daily is possibly over. Why? Because the daily averages crossed and point upward on hourly chart. Talking daily, the current candle is perfectly sitting on the trend line support and between the 10sma and 30 ema with $XBI on a intact uptrend. So all stars seem aligned for the XBI to resume in a upward channel.
Leadership (Bio-Tech) Breakout; Good Sign For Broad Market
My Simple Forecast:
Looks like $XBI has had a positive growth trend. With middle of the year approaching I believe that the cycle will repeat, thus hitting high points again. The seasonal patterns may be based on the rate of discovery of new technology, so cycles may be of unusual lengths. Nonetheless, looks like $XBI is positively correlated to SP500, and it is leading variable. We can anticipate new highs by beginning Q3.