"Everyone has a plan 'till they get punched in the mouth" - Mike Tyson

May 29, 2015

morning charts

Here are a few things i'm watching today.

The ASCO (oncology) conference starts today and runs into Tuesday.  Here's an intraday breakdown of biotech ETF IBB with some key levels noted.


Energy continues to lag the broad market.  Somehow, bulls have had nothing here all month.  The 100 D MA was a main target of mine off the RSI divergence trade into the 200D MA.  The downside might be done near term.


Brent Crude is bouncing off the rising 50D MA.  


CRZO is wedging tightly.  Is a pop coming?  


Is the post IPO downtrend in LC over?  It sure looks like it.


After last week's sharp fake breakdown, CUDA is testing the falling 20 MA.  


3D Printing stocks are hated.  SSYS continues to hold the 10D MA as it curls higher.


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All ideas shown on this blog represent the authors opinion based on the data available.