Well, most of my setups for the week will not trigger thanks to another gay day of selling. There are no bids in this market and I feel fortunate to be in cash (although I wish I was short).
Biotech continues to be the hottest sector with many names in the group breaking out here. Gold and silver are catching some wind here, but oil and the rest of the commodities still look sick. I want no part of the market until oil turns around.
Here are today’s industry leaders via The PPT, Ag is also in play here:
And, here are today’s hybrid movers, click here for charts.
2 Responses to Industry Update Plus Hybrid Movers
Hey RC, Thanks for the breakout stock picks in your last post. As we watch THLD breakout do you have a target price on this thing? It really looks it could break loose to 8 bucks or higher?! I jumped in the boat this morning. Thanks again for all the hard work and posts! Long time reader. -Jobo
A breakout could take this thing back to recent highs, around 9. I bought some as well, but won’t hold that long. $8 would be good enough for me.
Thanks for the comment.