And I have them for you. Drug stocks that is. Three pharmaceutical companies ARIAD Pharmacueticals, $ARIA, Jazz Pharmaceuticals, $JAZZ and Questcor Pharmaceuticals, $QCOR, are ready to break out and move higher. Let’s take a look.
ARIAD Pharmacueticals, $ARIA
ARIAD Pharmacueticals, $ARIA, plunged over 45% from July into August. But since then it has tested resistance at 10.153 times, each from…
The Qs reversed last week against the 12 wk and 50 wk MAs, and again today below last week’s high. Markets broke below last week’s low on Tuesday, and it appears that the short term trend remains down despite the 3 day rally. Optimistic targets are at the lower Bollinger bands around 50.00, but 51.00 would be a more probable …
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• ECB Lowers Growth Forecast – WSJ
• Fed Prepares to Act – WSJ
European Session Summary
The shift to risk-aversion that began in the Asian session and the first …
The financial sector is a complete mess. But there are still ways to trade financial stocks without risking a bankroll. A pairs trade can often make a lot of sense. One pair I follow in the financial sector is the CBOE Holdings, $CBOE, against the IntercontinentalExchange, $ICE. The ratio chart of these two exchanges is below and shows a rising…
Ben Bernanke keeps saying the Federal Reserve will do “everything it can” to encourage economic growth. But his first two “quantitative easing” programs were no help for average Americans. They were very beneficial for Wall Street, though, so the big banks want more.
Meanwhile, Congress and the White House are locked in a no-win battle over government spending. Yet even