Tag Archives: Federal Reserve

Trading Ideas That Paid – IDIX

Stocks closed narrowly mixed Monday as hopes for stimulus from the Federal Reserve helped limit losses following a disappointing manufacturing report.

Despite the overall lackluster trading action, shares of Idenix Pharmaceuticals Inc. (IDIX) attracted strong buying support, jumped 6.81% to 10.98. This is bullish from a technical perspective.  In fact, as the chart below indicated, IDIX could climb above 15 to test the 6-year high after breaking out from the so-called bullish flag pattern.  Just so that you know, initially profiled in our June 4, 2012 “Swing Trader BulletinIDIX had gained more than 21% and remained well position.

The graphic below is from our “U.S. Market ETF Trading Map”, which show the near-term technical bias and trading ranges for IDIX.  As shown, the underlying is in a short-term bullish trend when the price bars are painted in green.  The underlying is in a short-term bearish trend when the price bars are painted in red.  The yellow bars identify period of neutral or sideways trading pattern.  Additionally, the light-blue shading represents the short-term trading range.  A move above or below that range is considered overbought (as represents by the red shading) or oversold (as represents by the dark-green shading).  Readings above or below the red and green shaded areas are considered extremely overbought or extremely oversold.

Chart 1.1 – Idenix Pharmaceuticals Inc. (daily)

Click here to read a detail technical analysis.

You see, our trend-following system is very unique as it attempts to pick turns before others see them. Timing is everything and if you’ve applied our system correctly, you should have made a killing in any markets.

This is just an example of many successful trades that our member had enjoyed recently. After all, aren’t you glad you subscribed?

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