Tag Archives for " XBI "

Signs the Bulls are Stumbling

In this video I see some signs that the bulls are stumbling. I look at the Dow Jones Industrial Average (DJIA) and the Russell 2000 (RUT) daily and weekly charts.
I then see what’s happening with the VIX and 3 key ETFS.

In focus today are the S&P BioTech ETF (XBI), Valeant Pharmaceuticals (VRX) and Goldman Sachs (GS). This video is an abbreviated version of what I provide to my Insider Members.

 

Pause in the Selling

Market action today looks like a pause in the selling.  The DJIA was up 125 points and the SPX up 9 points. Biotechs got hurt today in some serious selling. In tonight’s video (below) I look at both the IBB and XBI ETFs.

I also review the trade ideas. NFLX trade idea opened today and there are 4 new trade ideas on IBM, KORS, SCTY and WFM. Continue reading

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