Four Straight

Four Straight

Great stats from Ryan Detrick(LPL Research):   The S&P 500 Index has gained 2.9%, 1.9%, 2.5%, and 2.9% over the past four weeks for a total gain of 10.5%. This followed the S&P 500’s worst December in 87 years and worst fourth quarter since the 2008-09...
Biotech Update(Pullback Ahead?)

Biotech Update(Pullback Ahead?)

Is the Biotech bounce coming to an end?  The $IBB(iShares Biotechnology Index ETF) has traced out a powerful rebound following a steep December sell off.  At last week’s high the index had gained over 23% from the Dec. 24th spike low.  This impressive move has...
Procter & Gamble Powers Higher

Procter & Gamble Powers Higher

Big open for $PG today.  Shares are up over 5% after beginning the session with a powerful earnings inspired breakout gap.  This is the second straight huge post earnings move for $PG.  Heading into the Q1 report the stock was trading rather weakly before receiving a...
$AMZN Update(Hitting a Wall)

$AMZN Update(Hitting a Wall)

$AMZN has rallied nicely off the Christmas Eve spike low.  At last week’s high was +30% off the December low.  Tested the 200 day moving average in easing volume, first retest since the 50/200D bear cross.  Heading lower(-4.5%) as the new week begins.  The 50...