Have A Look At Nektar Therapeutics

Over the past couple of months we have seen biotechnology stocks take turns breaking out, oftentimes in a big way. As early as three months ago I began seeing this group as a whole setup in a bullish fashion. I highlighted this both on Twitter as well as in “The Chase For Performance Is On.”… Continue reading Have A Look At Nektar Therapeutics

The Anatomy Of A Textbook Continuation Pattern

vitruvian man under X-rays. isolated on black.

Every so often, the market presents us with a textbook setup which adheres to and fulfills all technical rules of a particular price pattern. I screenshot these setups and add them to a folder as reference material to review later. If you follow me on Twitter, you know that I take less of an academic… Continue reading The Anatomy Of A Textbook Continuation Pattern

Biotech Stocks Not Done Yet

If you have been paying any attention to the U.S. Stock Market recently, you have seen the major rotation into Biotechnology stocks. Interest in the group may be correlated to the Obamacare repeal vote, but one chart in particular was all I needed to know that this rally was for real: $GILD Gilead the major… Continue reading Biotech Stocks Not Done Yet