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Strategies & Market Trends : General market lab and commentary
SPY 670.92+0.1%Nov 7 4:00 PM EST
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From: Robohogs6/2/2016 10:38:30 AM
   of 668
 
Agio just fired long on a weekly bollinger band squeeze signal. Squeeze of bands is done and they should open up. AGIO is pressing the upper band currently as are XBI and OPHT and RARE (almost) and BIIB and TRIL (just missed issuing a signal but price is way ABOVE upper BB right now).

Remember, DEPO fired a few weeks back and price is still escalating beyond upper weekly BB. IMMU is even more ridiculous, but price there never consolidated long enough to trigger the signal either.

Here are rest above VWAP BTW. ABBV despite its fall on biosimilar news a few weeks back is 3-4 weeks into a squeeze having fired. It has been the picture perfect mover. I wish I had bought more - bought it when it broke the wedge I showed 2 months back here.

List is from highest to lowest vs. average traded price from its high. ARIA is at 130% of such price. ALXN is at 95%. BXLT just hit a new high and is therefore 100%. 22 of 87 XBI components there now. SRPT not after today.

"]ARIA
"]MDVN
"]EXEL
"]LXRX
"] ACAD
"]ALKS
"]ONCE
"]NBIX
"]SRPT
"]XLRN
"]PRTA
"]IRWD
"]ABBV
"]SGEN
"]ANAC
"]OPHT
"]TSRO
"]AMGN
"]FPRX
"]XNCR
"]MGNX
"]BXLT
"]GHDX
"]INO
"]EBS
"]ACHN
"]VNDA
"]LGND
"]JUNO
"]INCY
"]CELG
"]ALDR
"]ZIOP
"]ALXN

The whole list rallying would get you to 40% above said mark. Last rally had high teens. IF these stocks keep pushing into firing widenings of the BB with up moves, the indices will pop. All this move to now was just setting up, in some cases, a potentially bigger move. Not guaranteed. I would like to get XBI fired off and then go down for 2-3 days next week to rest.

Jon
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