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Blog Post: Day 28 of $QQQ short term down-trend; 54 US new highs and 197 new lows; long bonds, $TLT, remain in BWR daily down-trend as Fed raises short rates, see charts
Long rates continue to rise as 20+ year treasury bonds fall.
As the Fed raises short rates.
Blog Post: Day 27 of $QQQ short term down-trend; 59 new US highs and 149 lows; Weekly chart suggests $REGN breaking out of a rare flag pattern towards ATH
When a stock breaks out of a flag formation its rise typically is as large as the flag pole. That could imply a $150 move up for REGN to around $900. In early September, REGN released strong findings for their drug, Eylea.
