by Chris Kimble | Dec 1, 2015 | Kimble Charting
Could one stock really tell you where the broad market heads? Joe Friday shared he thought so on November the 13th in the chart below. Bio-tech stock Valeant Pharma (VRX) had been slammed the prior few months and the broad market dipped along with it. The chart below...
by Chris Kimble | Nov 17, 2015 | Kimble Charting
When it comes to “leadership” in the stock market, Bio-Tech (IBB) has filled that role rather well over the past 5-years, in both directions! When looking at how IBB did compared to the S&P 500 from the lows in 2011 to the highs of this summer, IBB...
by Chris Kimble | Nov 13, 2015 | Kimble Charting
CLICK ON CHART TO ENLARGE When it comes to stocks that have been hit hard of late, Valeant Pharma (VRX), sure comes to mind. VRX is declined over 70% since July. The decline has caused momentum to reach levels not seen since the 2009 lows at (1). Volume has...
by Chris Kimble | Sep 25, 2015 | Kimble Charting
When it comes to Bio Tech ETF’s, performance over the past year has varied greatly. The chart below looks at IBB and XBI, both Biotech ETF’s. As you can see XBI is doing much better in 2015 than IBB, up almost 100% more! CLICK ON CHART TO ENLARGE Below...
by Chris Kimble | Jul 27, 2015 | Kimble Charting
CLICK ON CHART TO ENLARGE It could pay to be “aware of these surroundings!” (1) – Nasdaq Composite Index is back at 2000 highs, with little wiggle room at the top of this rising wedge pattern (2) – Google shot up after earnings two weeks ago...
by Chris Kimble | Apr 29, 2015 | Kimble Charting
CLICK ON CHART TO ENLARGE When it comes to “Upside Leadership” few can compete with the Bio Tech sector! IBB hit resistance line (1) on 3/20 and created a “reversal pattern at (2). Since then IBB has traded sideways and may have created a...
by Chris Kimble | Apr 7, 2015 | Kimble Charting
CLICK ON CHART TO ENLARGE Few sectors have been hotter over the past few years than Bio Tech. On the week ending 3/20, XBI created a reversal pattern (bearish wick) at the top of its multi-year rising channel at (1). Since then XBI has been a little soft, where it is...
by Chris Kimble | Mar 31, 2015 | Kimble Charting
CLICK ON CHART TO ENLARGE Today marks the 126th Anniversary of the Eiffel Tower. In honor of this date, I thought I would look at the hottest sector in the states and see what could be found. IBBÂ on a “Monthly” basis could be creating the largest reversal...