Archive for July, 2008
Early Trading: Biotechs Spiking Higher
Biotechs stocks are roaring higher in the early trading. Take a look at (CELG), (CEPH), (UTHR), (MYGN), (AUXL), (ALXN) etc.
I already have position in (CELG), (CEPH), (AUXL)
Follow-Through Day…
Finally the market followed through on the 11th day with major indices rising more than 2% on above average volume.
The biggest mover were the beaten down sectors from Airlines, Banks, REIT, Housing and Retails while oil, energy and commodities stocks were down to flat. Take a look at the market snapshot.
If the market were [...]
Keep An Eye On CEPH
Heavy call buying activity in (CEPH) ahead of it’s earning today after market close.
I already have a position in it. FYI, biotechs are on tear in this ugly market.
The only bright spot in today’s ugliness - BBH & IBB
While the major indices and most of the sectors were the down over 2%, the only group that stood out in today’s ugliness was BBH & IBB. Someone somewhere thinks there is great value in these stocks and you will see some action in
The market was again led down by financials with (AIG) falling [...]
Commodities & Oil Getting Crushed
Did you look at the fertilizers, coals, steels and oils sectors today? The commodities were all crushed with heavy selling and most of them finally breaking below 50 DMA. Take a look at the charts of POT, AGU, MOS, MON, X, AKS, MEE, ACI, USO and UNG.
At the other end of the spectrum, [...]
