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Biotechs Bounce Off Bottom On Novartis Deal But Fade Later In The Day

Biotechs Bounce Off Bottom On Novartis Deal But Fade Later In The Day

AveXis (AVXS) soared over 81% on Novartis (NVS) offer to buy the Company for $8.7B in cash and sparked another rally in gene therapy stocks . AveXis’ lead product AVXS-101 is expected to enhance Novartis’  position as a gene therapy and neuroscience leader. The FDA has granted AVXS-101 an Orphan Drug Designation and Breakthrough Therapy […]
A Wild Market Reversal Sets A Negative Tone For The Week

A Wild Market Reversal Sets A Negative Tone For The Week

Stocks go on a wild ride today that made for some great intraday trading. In this video newsletter update we look at some of the intraday trading we did and how we take advantage of trading opportunities each day in our trading room. Watch this video right now to find out the key levels for […]
Stocks And Precious Metals Charts – Bullish Interruptus – Those Daring Young Men

Stocks And Precious Metals Charts – Bullish Interruptus – Those Daring Young Men

“Fragility is the quality of things that are vulnerable to volatility.”- Nassim Taleb Lately we have been seeing one day of a mad rally higher, followed the next day by a stunning reversal lower. Today, they decided to break the mold and do both up and down moves of surprising breadth in the same day, […]
Is The Stock Market Anticipating A Democratic Win In November?

Is The Stock Market Anticipating A Democratic Win In November?

Big companies such as Exxon Mobile (XOM) are hitting new one-year lows, even though the price of Texas tea has risen by an impressive 50% since the summer. Also taken out to the woodshed for a spanking have been steel and coal. It is fascinating to note that the shares of the supposed beneficiaries of […]
Zuckerberg: ‘We Didn’t Do Enough To Prevent Tools From Being Used For Harm’

Zuckerberg: ‘We Didn’t Do Enough To Prevent Tools From Being Used For Harm’

Congress has released Facebook CEO Mark Zuckerberg’s prepared testimony ahead of Wednesday’s hearing. Zuckerberg will say: “We face a number of important issues around privacy, safety, and democracy, and you will rightfully have some hard questions for me to answer. Before I talk about the steps we’re taking to address them, I want to talk […]
“The Bubble Is About To Burst”: BofA’s 10 Reasons To Sell Tech Stocks

“The Bubble Is About To Burst”: BofA’s 10 Reasons To Sell Tech Stocks

In a report that explains the recent market volatility as having nothing to do with Trump-induced nausea and everything to do with the Fed, BofA’s Michael Hartnett moves away from listing the latest tactical and cyclical market drivers which we covered earlier, and lays out what the Chief Investment Strategist thinks are the three big secular […]
Why Bitcoin Will Never Be The Dominant Form Of Money

Why Bitcoin Will Never Be The Dominant Form Of Money

The ultimate dream of the cryptocurrency enthusiasts is for money to become decentralized and essentially removed from the hands of banks and Central Banks who can “manipulate” it for their own benefit. This is a nice thought, but most of it is based on misunderstandings about what “money” is. Let me explain. I was browsing Twitter […]
EUR/USD: Break Or Bounce At Resistance Convergence Cluster?

EUR/USD: Break Or Bounce At Resistance Convergence Cluster?

The Technical Confluences Indicator, shows that the EUR/USD is approaching a resistance area where many critical technical levels converge. The $1.2325 level is where the SMA100-4h, the SMA200-4h, the Bolinger Band 1 day Middle (Stdv 2.2), BB 1h-upper, Pivot Point one-day Resistance 1, the SMA5-15m, and the BB 15m Upper all meet. A break higher will open […]
Stocks Fall On Trade War Jitters

Stocks Fall On Trade War Jitters

Powell took a measured approach in his first speech as Fed chair as he gave reasons why the Fed shouldn’t hike too quickly and why the Fed shouldn’t hike too slowly. This is a slow hike cycle overall, but he means even slower when describing a speed which is too slow. Too slow could be […]
FANG Stocks Rebound As Trump And Kudlow Ease Trade Tensions

FANG Stocks Rebound As Trump And Kudlow Ease Trade Tensions

Stocks opened higher on Monday after officials in President Donald Trump’s administration downplayed the potential impact of any looming trade war between the U.S. and China. The morning’s biggest winners were tech stocks, with the so-called “FANG” group—Facebook FB, Amazon AMZN, Netflix NFLX, and Alphabet GOOGL—witnessing a slight rebound from Friday’s selloff. Key officials in the White House appear […]