Possible bottom in BIDU. Currently reversing from a 9 year basing pattern with a daily breakout. Risk is just under the range low.
One of my favorite stories in the stock market right now is Crispr. The price action in the weekly chart of CRSP reflects that gene editing may have a bright future. CRSP has maintained strong momentum since the beginning of its IPO.
The cycle of Option Health is turning up once again for the third time in 20 years. The short term price action (weekly) may indicate an imminent breakout. In general, I am very constructive on the Healthcare sector.
Industrial stocks have repeatedly performed very well after a 12 month base. The price action right now is VERY strong and presents a great opportunity in the next 12 months in XLI ETF.
Euro 600 Index is on the verge of a 10 year breakout.
The precious metals complex are all showing relative strength. As of recently platinum is under-performing gold and silver. I continue to believe platinum has potential to outperform both metals, but it is proving to be the more challenging trade of the three. Nevertheless, I still consider platinum good value.
The Euro is still strong against the USD after retesting the recent trend line.
BTC is testing the .618% retracement level for the fourth week in a row. Structuring the stop just under the blue curve provides a good risk/reward. A bounce from here is likely to take BTC to the 8900 level next.
Thanks for reading!