Add to Long USD/CAD positions based on a daily theme here...
-Price being supported by recent TL support line and lower pitchfork zone
-MACD: histogram coiling for a crossover
-Single bar price action supportive
-S/L about 50 points below most recent swing-low, targeting 1.2750
NSPH has moderate negative correlation with larger NASX biotech's. BIB charts implying corrective phase coming. NSPH is a beaten down stock with good risk-reward here and I believe Verigene System (FDA cleared) could be game-changer for Nanosphere.
A few excerpts from finance.yahoo.com :
"The statistically significant findings included a 25.7 hour reduction...
Russell 2000 showing warning signs and IUX 1150 looks viable which implies TZA near $13. Close and follow through above $13 and continued drop in IUX opens up $14.50 and from there $17.10's holds off $19 's.
USD is moving below its 20MA and seems to be capped by temporary top near 95. Only a close below 93.50 confirms suspicion of pullback. A close above trend line resistance near low 95 levels confirms resumption of uptrend. Dovish sentiment from FOMC January minutes statement, IMF cutting global growth forecasts and noting that growth is unbalanced and fragile...
