Ferret Out a Winner in Trench Warfare

You have to really feel for biotechnology bulls in this market, with the indices making fresh highs and this morning's softness thus far proving to be rather benign. And, yet, the biotechs are still reeling form Trump's comments yesterday while the IBB XBI sector ETFs continue to sport corrective charts not yet healed.

Major biotechs like GILD remain "hands off" for Members have been for quite some time. 

However, we do like to put in our due diligence to ferret out a possible hidden gem within the trench warfare known as the biotech sector these days. 

CoLucid is one such name, below on the daily chart. Note how the stock is simply basing above all rising moving averages. You will not find too many other charts in biotech sporting similar technicals. 

One gets the sense that if the IBB and XBI can get out of their own way anytime soon, then barring any bad surprises from the FDA CoLucid can finally stage the next leg higher in its uptrend. 

Elsewhere, natural gas is finally taking a breather here after inventory. After zigging and zagging for a good while now, I want to see UNG calm down another day or two to set up a higher low for a proper long entry into the cold winter.