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Watchlist Week of August 1st, 2022
Ionis Pharmaceuticals, Inc. (Long Idea) Ionis Pharmaceuticals, Inc. (IONS) is one of many biotech stocks showing signs of a potential breakout move higher. The stock was in a nasty downtrend from 2019 to the beginning of this year when it rallied above its 200-day moving average. The chart has shallowed out nicely over the last …
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Watchlist Update: The Start of a New Bull Market?
The stock market continued to power higher last week. We saw back-to-back, high-volume advances on Wednesday and Thursday, which is a good sign that investors are starting to pile back into stocks. On Wednesday, the Federal Reserve raised the target range for the fed funds rate by another 0.75%. The fact that stocks were able …
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