Top Trade Ideas - Week Of November 18: BIIB, BRK/B, HES, RTN, V
Dragonfly Capital | Nov 18, 2013 12:17AM ET
Here are the Rest of the Top 10: Biogen Idec, Ticker: BIIB
Berkshire Hathaway, Ticker: BRK/B Hess, Ticker: HES Raytheon, Ticker: RTN
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Visa, Ticker: V
Visa, (V), is moving higher after a shalow pullback and consolidation. The RSI has bounced off of the mid line and is moving back higher and the MACD is turning back higher. After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which, heading into the last week before the Holiday Season begins sees the markets continuing to look strong. Next week look for Gold to consolidate in the longer downtrend while Crude Oil also holds in the downward move. The US Dollar Index looks better lower in the current short uptrend while US Treasuries look to consolidate their move. The Shanghai Composite and Emerging Markets are biased to the upside in the very short term with Chinese markets still lower long term and Emerging Markets in a rut. Volatility looks to remain subdued keeping the bias higher for the equity index ETF’s SPY, IWM and QQQ, despite the moves higher this past week. Their charts show the possibility for the next rotation, into IWM and out of QQQ. Use this information as you prepare for the coming week and trad’em well.Disclaimer: The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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