Hello traders and MarketClub members everywhere! Well I have to admit it, I did take a few days off to fly down to Cancun last week to get some sunshine and warm weather. If you're based anywhere on the East Coast, you know it has been very, very cold, the coldest weather we have had in 170 years! So I thought it was time to sneak off and get some warm weather for a few days.
When I come back from a trip, I immediately look at the Trade Triangles to see what is happening in the marketplace and what stocks are on the move. Today was no different, I simply clicked on the Trade Triangle button and I searched for stocks that were in uptrends, but had a continuation signal today. In simpler terms, I was looking for stocks that were in uptrends that had given a weekly Trade Triangle signal today indicating that the upward trend was once again resuming.
I filter the list down to stocks that have good volume and have traded on average over 2 million shares a day. When you look for stocks that have that type of trading volume, you know that the big boys, the hedge funds and institutional investors, are also looking at those same stocks as well, so you're in good company. Continue reading "5 Stocks On The Move Today"→
Everywhere you turn, you see stories and videos about another Ebola outbreak. Major epidemics like the Ebola virus often create trends in healthcare, which can lead to major opportunities for investors.
Here is one stock that has been off the radar for most Wall Street firms, but is my favorite Ebola-related stock right now.
On July 30th of this year, this stock flashed a buy signal based on our Trade Triangle Technology - that was two and a half months ago! Do you remember seeing or reading about Ebola two and a half months ago? I expect not, as the Ebola virus was not front page news like it is now.
Chimerix To The Rescue
The chart below perfectly illustrates the upward trend of this stock. The green monthly Trade Triangle on the chart is where we were first alerted to the beginning of a bull trend for Chimerix, Inc. (NASDAQ:CMRX) on July 30th at $27.32.
Chimerix, Inc. (NASDAQ:CMRX) could have a great deal more room to go on the upside as a result of the Ebola pandemic. I do expect to see volatility in CMRX increase as it climbs a "wall of worry" from current levels. The more news that comes out about the spread or containment of the Ebola virus, the more volatility we could see. Overall, I do believe the trend for CMRX is on the upside and will remain that way for quite sometime. Always protect your capital with solid money management stops. Continue reading "Will Ebola Have A Lasting Effect On The Markets?"→