Biotechs (LABU, XBI and BIB) had some big hits and the ETF has pulled back for the last 3 days. But the overall structure of the charts still remain strong.
Semiconductors (SMH) on the other hand continue to rip higher. After consolidating for the last few months the ETF is powering higher up over the last 7 days.
Financials (FAS) also remain strong after a slight pause at the end of the week. The trend remains up.
Gold (GLD) has broken out of the down trending channel and held support at the longer term up trending channel line. The gold miners (JNUG, NUGT) have not kept up to the move in the physical commodity but there charts remain strong.
ARDM: Stock moved up strongly off its base last month and now is trending higher. It has been up the last 4 days trading as high as $5.30 on Friday closing at $5.11. Price targets $5.75 and $7.00.
HALO: Strong chart pattern as the stock gapped up last month and has been forming a rising flag pattern. Over $18.05 and $19.50 and $21.00 are the price targets. Short ratio, 12.8 days to cover so on any break out we could get a nice short squeeze.
MIME: Stock broke out on Friday with a bullish engulfing bar. After several months of consolidation, it has broken through a quadruple top. Price targets $34.00 and $40.00.
Watchlist hit a home run today
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