February 5, 2025
Mish's Daily
By Mish Schneider
Here are some of the recent references I have made about Biotechnology and the potential for a rally.
Incidentally, Moderna MRNA is so oversold on a monthly timeframe, it should be on your radar.
How well is technical analysis (price) working right now?
Looking right first, the chart of XLV shows the breakout over the 50-DMA back in early January.
If you are still not convinced our calendar ranges are amazing, look how that phase change perfectly corresponds with a breakout over the January 6-month calendar range!
Plus, another one of our incredible indicators, Real Motion showed a bullish divergence.
The chart on the left is IBB Biotechnology or what I call Big Brother of the Family as we all look to pharma to help and protect us.
Like XLV, Real Motion indicated a bullish divergence in momentum.
Exactly like XLV, that phase change over the 50-DMA corresponded with the January calendar range high.
Now both are trading above their 200-DMAs.
Plus, both are outperforming the benchmark.
I will say it again, technicals rule and fundamentals drool.
Educational purposes only, not official trading advice.
For more detailed trading information about our blended models, tools, and trader education courses, contact Rob Quinn, our Chief Strategy Consultant, to learn more.
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Mish in the Media-Want to see more? All clips here
Outlook 2025, the PDF This will set you up on the right side of the market along with many picks
Schwab Network TV Mish and Nicole discuss where your eyes should be looking right now 02-04-25
Podcast Mish and Geoff Another week of trading the gap. We show you how 02-03-25
Chuck Jafee Money Life Mish talks about the trader’s paradise 02-03-25
Business Week AM Mish covers why the TLT or long bonds is the best signal for risk on or off 02-03-25
Coming Up:
February 6 CCTV China
February 6 Yahoo Finance
February 7 Pre-Market Prep with Dennis Dick
February 10 Podcast
February 11 CNA TV Singapore
February 12 Dale Pinkert
Weekly: Business First AM
ETF Summary
(Pivotal means short-term bullish above that level and bearish below)
S&P 500 (SPY) 600 support
Russell 2000 (IWM) 227 now support and we watch again 230
Dow (DIA) 439 support 452 now the resistance to clear
Nasdaq (QQQ) 528 to clear
Regional banks (KRE) 64 now the support to hold
Semiconductors (SMH) Back over the 50-Week MA that now needs to hold
Transportation (IYT) Its all about 68 support and getting back over 70
Biotechnology (IBB) 140 now support to hold
Retail (XRT) Needs to clear 81.
iShares iBoxx Hi Yd Cor Bond ETF (HYG) Flashing risk on
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