Joined Nov 11, 2007
1,458 Blog Posts

The Daily Breakout

There are some gorgeous breakouts happening. If the number of stocks breaking out from sound bases continues to increase, a tradable bottom is probably near.

Cajun and ADawg have been all over the Bio-tech move. Here, [[BBH]] looks great.

However, this 3 year weekly chart of BBH shows that the move may get faded. Note the deplorable volume. Anyone trading biotech here should keep his eyes on this weekly chart. A breakout above the 3 year range would be outstanding. A failure would be, a failure.

[[IBB]] looks decent here too.

Great volume on this move. [[BAX]] Baxter International, Inc. operates as a healthcare company worldwide. It offers medical devices, pharmaceuticals, and biotechnology products for the treatment of hemophilia, immune disorders, cancer, infectious diseases, kidney disease, trauma, and other chronic and acute medical conditions.

Technically, [[CIR]] has already broken out. However, not adding this to a watchlist would be a mistake. CIRCOR International, Inc. engages in the design, manufacture, and distribution of valves and fluid control products in the United States and internationally.

[[JNJ]] Note that everytime Johnson has gained this level, the market has turned. When everyone is getting defensive, maybe it is time to go on the offense?

[[UTHR]] I profiled this one Sunday evening in my squeeze the shorts post. It is working like a charm. United Therapeutics Corporation, a biotechnology company, engages in the development and commercialization of therapeutic products for patients with chronic and life-threatening diseases.

Full Disclosure: Long UTHR

If you enjoy the content at iBankCoin, please follow us on Twitter


  1. Anton Cigur

    Really nice work. But I’ve been bio-hazarded a couple of times by this group worse than the Incredible Hulk. The headline risk makes them blow up like tobacco companies with asbestos divisions.

    But maybe this time…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. DPeezy

    DNA didn’t make the cut? Less ‘headline risk’ with that one, so Anton is less likely to come around with his fancy cattle gun.

    Thanks for the blogroll add. Although my blog is far from cool, as it is just my trade journal. Anything worthwhile, I post over here…


    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. alphadawgg

    Check out XBI also.

    Top sectors are oil, biotech and pharma. That’s it right now.

    It’s a good sign to see these kinds of divergences when the rest of the market is in meltdown mode.

    From a relative strength standpoint, if you trade based on RS, you have to be in these kinds of stocks.

    You will be paid handsomely on the bounce.

    In fact, I made a comment last week that it was possible that the Naz would lead the market out of its funk.

    The Naz is amply supplied with biotech.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. Zenprofit

    Uh oh.

    Cramer has been pushing bio.

    • 0
    • 0
    • 0 Deem this to be "Fake News"