Biotech continues to lead the way and continues to have the best tradable setups of any given industry, my focus remains there. I took a position in $GWPH today, and the setup is still valid— keep an eye on that one. Today’s top biotech hybrid movers can be found below:
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Other than biotech, $TAN, the solar ETF, had the one of the highest percentage gains on the day and continues to see a relief rally. However, with oil in the dumps I’m hesitant to play. Stick with FSLR, best of breed, if you are to play anything there– that recent iPO, VSLR, might also work for a quick trade. Here are the leading industries on the day:
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As for oil, same story, early strength was faded. I can’t tell you how good it feels to be out of $UWTI. However, oil stocks are still seeing some good action beneath the surface. $DNR, one of my positions inside our trading room 12631, is hitting highs of the day here, I also like the action from WLL. The bottom feels close judging by the action in individual names.
As for today’s hybrid movers, have a look here:
Marcel isn’t going to let a fellow Ragin down.
And look at VDE, no longer reacting to the Bbl $. If the damage is done, then long HAL/HES.
Sold my UWTI too for about an 8% loss. All my small cap E&P’s are cranking though, which kind of scares me with oil still making new lows. Makes me want to take my 30%+ profits in the things and run but am trying to hang in for larger longer term gains. Me wants to trade and churn my own account, like to death man. Kills me.
INFI DRNA on my list.
I raise you CYTK
DRNA is nice too
Almost bought it at the open, but the market was pure shit so I chickened out. Then it ripped anyway once the selling in the markets exhausted. I like that CYTK too. INFI is tempting to me as well because of the weekly –> https://www.tradingview.com/x/bSWSWiad/
Thoughts on the LENS ipo this week?
wait first 15 minutes, buy the break of that high for a quick opening range trade.