Climbing Jacobs Ladder

Yesterday I talked about the advice that was given me by my 6 year old son, Jacob. He told me that it was time to start looking into Biotechnology and the like. So what did I do? I did what any trader would do with the advice he was given by a 1st grader... I laughed and posted something on my blog. But then I decided to be teachable, and avoid making the mistakes my parents made with me. I sifted through Bio-Pharma stocks all morning. I will share with you the one I like best. Please notice that the chart below is a screen shot that I took this morning. If you look at the stock price right now it is already up about 5% from the point I decided to watch it for a break out. As far as I am concerned this is about as good a breakout as one could expect. Check out VIVO. I am looking for a close above $29.50

Never send a monster to do the work of an evil scientist

My son has developed an interest in chemistry. I asked him why he was constantly trying to detonate various home made explosives in his bedroom... He just responded by telling me that he didn't have time to explain things to a novice. He did tell me that he thinks Biotechnology investments look good for a tactical addition to my current allocation in equities. Well since he has had 573 good trades in a row I decided I would follow his lead. So tomorrow I am going to be looking for some good prospects. Help me people- what looks good in Bio-pharma stocks right now? I don't have time to search on my own and my son charges me $100 bucks per stock he advises me on. What can I say? I taught him well.

Who will blink first?

Well I must admit I am a little nervous about the Fed meeting tomorrow. I honestly can't say I see overwhelming conviction behind the movement of the major markets. I have learned that I really don't need to understand the driving force behind any move. Yes I am still short the Dow using the ETF known as the "Ultra short" DXD