This is the week of a minor correction after six straight weeks going up. Since this week red bar is still above the weekly 79 MA support, I say the bull is still strong. While I had a bit of… Read More ›
Month: March 2016
Weekly thought on $DMRC, $CARA, $GWPH, $ARTH, $BIOC, $IBIO
Finally, it took the market about 2-1/2 months to recover lost ground from the collapse off the 2016 starting gate. This week, the SP-500 closed at $2049.58, $5.64 slightly higher than the 12/31/2015 close of $2043.94. Not bad! Not bad… Read More ›
Weekly thought on $ARTH, $BIOC, $DMRC, $GWPH, $IBIO, $RBYCF
Wow! What’s a week! Instead of falling down the stairs non-stop, the bull was able to fight back and rallied hard to close the week with another solid green bar. This made last Friday doji bar as a continuing bullish… Read More ›
Weekly thought on $ARTH, $BIOC, $DMRC, $GWPH, $IBIO, $RBYCF
I’m sure we are all getting tired of the tug-of-war between continuing market rally and a long overdue doom-and-gloom market crash that has gone on long enough. From the monthly $SPY chart above, the tug-of-war started back in 12/31/2014 when… Read More ›
