bluebird bio, $BLUE, started moving lower in March. In June it dropped under the 200 day SMA and since then it has spent most of its life living under the 50 day SMA. Two weeks ago that changed as it pushed above and held on a shallow pullback last week. The RSI is rising in the bullish zone and the MACD positive and moving higher.
Halliburton, $HAL, started a move lower in May that continued to a bottom in December. Since then it has been moving higher. It took a pause last week and then closed the week moving back to resistance. The RSI is rising in the bullish zone with the MACD positive and moving up.
Elsewhere look for Gold to pause in its uptrend while Crude Oil pauses in its move higher. The US Dollar Index is back in broad consolidation while US Treasuries pause in their uptrend. The Shanghai Composite is building the case for a possible reversal higher while the Emerging Markets building a reversal itself.
Volatility looks to remain muted keeping the bias higher for the equity index ETF’s SPY, IWM and QQQ. Their charts remain strong in the short timeframe and just short of full bullish on the longer timeframe. Use this information as you prepare for the coming week and trad’em well.