by Gary S. Morrow | Apr 5, 2019 | Charts, Commentary
The BIB(ProShares Ultra Nasdaq Biotechnology Index) is finishing out the week on a high note. The index is less than $1.00 away from posting its best weekly close since mid October. The current set up is quite bullish. We consider the BIB a low risk buy near...
by Gary S. Morrow | Mar 7, 2019 | Market Update
More great stuff from the desk of Ryan Detrick: The Nasdaq Composite Index is up 10 straight weeks for first time since Dec 1999. That was a very bad time to be bullish stocks. Here’s the catch, looking at the other 7 times it got to 10 weeks in a row? The...
by Gary S. Morrow | Mar 2, 2019 | Charts, Commentary
The XBI(Biotech ETF) finished the week with a 3% gain on accelerating trade. The 200 day held support all week. Quite a bullish set up. We covered the XBI earlier this week: Biotech Breakout The BIB(ProShares Ultra Nasdaq Biotech Index) and the IBB(ProShares...
by Gary S. Morrow | Nov 9, 2018 | Chart of the Day, Charts
$QQQ dipping very close to gap support($171.20)this morning....
