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All posts by Michael Comeau

T3’s Take 3: Traders Just Say NO to Drug Stocks

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1) Health Care Gets Hit Last week, biotechnology and health care stocks ripped like crazy in anticipation of Republican health care bill, which was announced last Thursday. But as we pointed out Friday, there was still a lot of debate as to whether the bill would actually pass. And today, Senate Republicans pushed back the […]

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T3’s Take 3: Just Another Sleepy Day for Stocks

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1) A Positive Start Europe started the day on a strong note, which had US equity futures in positive territory. The British pound rose after Theresa May secured a deal to get votes from Northern Ireland’s Democratic Unionist Party. Italy stepped in to bail out two failed banks, Popolare di Vicenza and Veneto Banca, which […]

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T3’s Take: Invasion of the Bio Snatchers

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1) Health Care Rules This week was all about biotech and healthcare stocks. Traders were bidding them up big-time into Thursday, when Republicans unveiled their Senate healthcare bill, which is intended to repeal and replace the Affordable Care Act (a.k.a. Obamacare). Now, there is a lot of debate as to whether the bill can actually pass. […]

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Weekly Sentiment Report: Did the Bulls Just Go Too Far?

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Permabulls always say everyone’s bearish. And permabears always say everyone’s bullish. But let’s look at the actual numbers to see how the crowd actually feels. Last week, we saw a rapid increase in bearishness. The moment the Nasdaq started looking shaky, traders started scooping up put options in advance of a larger fall. But in keeping with […]

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T3’s Take 3: Dancing to the the Biotech Boogie!

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1) Biotech Is Booming! The broader markets have been pretty much going sideways. But biotech is still blasting into orbit, with the Nasdaq Biotech ETF (IBB) rising 4.1% today in a major show of strength. Today, T3 Live’s Scott Redler outlined the recent action in IBB: The bios had a strong day #2. IBB did a Red Dog […]

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T3’s Take 3: Traders Just Say Yes to Biotech!

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1) The Biotech Rip Yesterday, biotech stocks boomed big after Clovis Oncology (CLVS) rose 46%+ on positive study data, igniting the sector. The good vibes continued today as the Nasdaq Biotech ETF (IBB) rose 1.3%, even as the broader markets gave back some of yesterday’s gains. (more on this later) We saw red-hot action in […]

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Are Traders More Bearish Today Than in 2007?

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Quick Summary It’s trendy to say that everyone’s bullish. But the evidence shows that many investors don’t trust the market. A lot of investors left the market altogether! ******** Permabulls always say everyone’s bearish. And permabears always say everyone’s bullish. That’s how I open T3 Live’s Weekly Sentiment Reports. And it’s very rare that the “permas” […]

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T3’s Take 3: The Nasdaq Rules

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1) Tech Stocks Power Up Again The Nasdaq was back in action following last week’s sideways stroll. There seems to be a prevailing myth that volatility spiked, but a close look at the numbers indicates that we saw run-of-the-mill digestion and profit-taking. And today, the Nasdaq posted a very solid 1.4% gain, showing significant relative […]

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T3’s Take 3: Contrary to Popular Belief, Volatility Is NOT Back

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1) Is Volatility Really Here? Ever since the Nasdaq shakedown last Friday, traders have been asking if volatility is back. The Nasdaq has led the charge since the November 2016 election, but it’s suddenly stumbling as leaders like Apple (AAPL) and Alphabet (GOOGL) lose momentum. Now, I’ve rambled endlessly about the post-election drop in market volatility, […]

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Weekly Sentiment Report: The Bears Are Out of the Cave

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Permabulls always say everyone’s bearish. And permabears always say everyone’s bullish. But let’s look at the actual numbers to see how the crowd actually feels. On the morning of June 9, traders were looking very, very bullish. The VIX made a new generational low at 9.37 while the SPX, Nasdaq, Russell 2000, and Dow hit record highs. And then Apple (AAPL) and Nvidia (NVDA) […]

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