[su_spoiler title=”Monday-Wednesday’s Action: Earnings Continue To Be Released” style=”fancy”] On Monday, stocks fell after a slew of biotechs got hammered. The benchmark S&P 500 hit a fresh record high on Monday but then turned lower which is not an ideal sign. The biotechs have been one of the strongest areas in the market over the…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] The major averages continue to drift lower as the technical damage underneath the surface gets worse. Barring some large unforeseen move before the close, the Major averages are on track to end mixed for the month: The Dow Industrials, S&P 500, Nasdaq Comp, Nasdaq 100 and NYSE Comp are all…
Note: The stocks on this list are the strongest performing stocks this year as of 3pm on 04.28.15. They are separated based on Market Cap and in most cases must have avg volume > 500k (except nano cap). There are no fundamental or other technical requirements for these stocks. [su_heading style=”modern-2-dark” size=”20″] Mega-Cap: >$200B &…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] Over the last 48hrs, the market is trading in a sloppy fashion as the key biotech sector is trading all over the map. The bulls are currently doing their best to defend support for the $IBB (biotech ETF) near its 50 DMA line. So far, every time, this market shows…