Don’t Listen To GDP, Listen To The Charts

February 28, 2014
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Pros Perspective: Where The Markets Are Headed

February 27, 2014

Markets Attempt Key Breakout: What It Means?

February 27, 2014

Gilead Sciences Sets Up As A Beautiful Short

February 27, 2014

The biotech sector is in one of the biggest bubbles since the Dot.com era. Some of the largest biotechnology companies in the world have doubled and tripled their size in the last year. One such stock isĀ Gilead Sciences, Inc. (NASDAQ:GILD). The stock is hovering up 100% from its lows a year ago and has a market cap of $128 billion.

Reasons For The Short:

1. Biotech sector in a bubble with cracks emerging.

2. Gildead Sciences is up 100% in the last year with no significant pull backs.

3. The valuation is unstustainable for Gilead Sciences in the near term.

4. The stock has not been able to push through the technically important $85.00 level.

Overall, this sector has been an area where money has continued to flow. The music appears like it is coming to a stop. Gilead should have a pull back to $76.00 then $65,00.

 

Gareth Soloway
InTheMoneyStocks.com


Refinery Stocks Run Out Of Fuel, Watch These Levels

February 27, 2014

This morning, many of the leading oil refinery stocks are declining sharply lower at the start of the trading day. Some of the leading stocks in the sector that are selling off include Valero Energy Corporation (VLO), Tesoro Corporation (TSO), HollyFrontier Corporation (HFC), Marathon Petroleum Corporation (MPC), and Phillips 66 (PSX). Day traders can watch for a couple of solid intra-day support levels on VLO stock around the $48.47, and $47.58 levels. Both levels could be intra-day bounce areas for the stock.

Nicholas Santiago
InTheMoneyStocks.com


Forget The Durable Goods Orders, Here Is What You Should Know

February 27, 2014

All Eyes Watching This Level: China Rumble Could Be Epic Key

February 26, 2014