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Today's healthcare vote remains the prominent influence of the market movement. With the market not moving with any great decisiveness yet, each individual stock chart remains the predominant evaluation. Biotech stocks continue to act well. Gold stocks are attempting to hold up, oil stocks are still in downtrends. Each sector needs to be evaluated. … [Read More...]
The market direction is definitely a function of whether the healthcare vote is going to be positive, negative, or postponed. Yesterday's Doji in the Dow and S&P 500 occurred on a downtrending support line. Today's positive trading has the inkling of moving back up to test the T-line. However, the reactionary move is still going to be predicated upon the number of likely votes for or against a new healthcare plan. Stay diligent. … [Read More...]
ESPERION THERAPEUTICS (ESPR)Chart for ESPROver the next 13 weeks, ESPERION THERAPEUTICS has on average historically fallen by 6.3% based on the past 3 years of stock performance.ESPERION THERAPEUTICS has fallen lower by an average 6.3% in 1 of those 3 years over the subsequent 13 week period,corresponding to a historical probability of 33%The holding period that leads to the greatest annualized return for ESPERION THERAPEUTICS, based on historical prices, is 52 weeks. Should ESPERION THERAPEUTICS stock move in the future similarly to its average historical movement over this duration, an annualized return of 125% could result.Jazz Pharmaceuticals plc (JAZZ)Chart for JAZZOver the next 13 weeks, Jazz Pharmaceuticals plc has on average historically risen by 30% based on the past 9 years of stock performance.Jazz Pharmaceuticals plc has risen higher by an average 30% in 5 of those 9 years over the subsequent 13 week period,corresponding to a historical probability of 55%The holding period that leads to the greatest annualized return for Jazz Pharmaceuticals plc, based on historical prices, is 24 weeks. Should Jazz Pharmaceuticals plc stock move in the future similarly to its average historical movement over this duration, an annualized return of 232% could result.La Jolla Pharmaceutical Company (LJPC)Chart for LJPCOver the next 13 weeks, La Jolla Pharmaceutical Company has on average historically fallen by 12.9% based on the past 5 years of stock performance.La Jolla Pharmaceutical Company has fallen lower by an average 12.9% in 5 of those 5 years over the subsequent 13 week period,corresponding to a historical probability of 100%The holding period that leads to the greatest annualized return for La Jolla Pharmaceutical Company, based on historical prices, is 52 weeks. Should La Jolla Pharmaceutical Company stock move in the future similarly to its average historical movement over this duration, an annualized return of 93% could result. … [Read More...]
Today's current selling is the expected follow-through after yesterday's bearish left right combo. The political rumblings of Washington is the main excuse. The current downtrend could take the Dow and S&P 500 and NASDAQ down to test the 50 day moving average. This would also be the approximate 50% retracement of the last trend based upon Fibonacci numbers. Expects some more downside, obviously short positions should have stronger relevance. … [Read More...]
After opening positive today, the market indexes have sold off dramatically, creating a bearish left/right combo that needs to be acknowledged. This strong sell signal will be very relevant if the markets close at the low end of their trading range today. But keep in mind, the day is not over. A close backup above the T-line would indicate the trend is continuing the uptrend. However, even a close above the T-line but below yesterday's close would still produce a substantial potential reversal signal, a hanging man signal. Be ready to close out long positions today unless there is a dramatic reversal in the current trading, taking the market indexes back up toward today's open. … [Read More...]