Tag Archives: $IBB
Consolidation Warning for S&P 500 Index

At the close yesterday (4/30/15) a consolidation warning was issued from 7 day momentum calculated from the Twitter stream for the S&P 500 Index (SPX). The warning comes from a negative divergence that lasted more than three weeks which was followed by a break of the confirming uptrend line that began in January. This suggests […]
Pharma and BioTech Sentiment Compressing

I’m starting to see compression in sentiment in some of the major Pharma and Biotech stocks. When sentiment and momentum compress in a triangle it represents an inflection point for the stock. The direction of the break either creates a buy signal or a warning of more consolidation ahead. Below are some example charts. Here’s […]