Oil And Oil Services

As we begin this new calendar year, the markets continue to surge into new highs even as some fatigue seems to be settling in among some individual issues.  Plotting the performance of select sectors versus the benchmark S&P shows that many of the strong momentum groups remain strong and not exhibiting conspicuous weakness. Technology stocks … Continue reading Oil And Oil Services

Healthcare/Pharma Activity

In mid June of this year, we pointed out some activity that appeared interesting from the longer term chart patterns of some healthcare/pharma stocks.  One of the stellar performers since then has been Abbvie (ABBV), a pharma company which produces Humira, a top selling anti inflammatory treatment among other high profile drug therapies.  After breaking … Continue reading Healthcare/Pharma Activity

Healthcare Stealth Advance

We all know that the equity markets have been steadily climbing since the US elections last November.  There have been some dramatic pullbacks, but the unmistakable trend has been for higher prices.  As we know, markets are not monolithic and within the aggregate market moves, there have been winners and losers.  Energy has been the … Continue reading Healthcare Stealth Advance