Caution! You Have Entered the Spinoff Zone

In addition to tracking the steady but impressive progress of JCI spinoff and auto parts play, ADNT, in recent weeks, we also want to keep tabs on BIVV, equally impressive spinoff from large cap biotech, BIIB. 

Spinoffs tend to not be surrounded by as much hoopla as, say, the likes of Snapchat. But you may be doing yourself a disservice by ignoring these two, given their solid technical setups. 

On the BIVV daily chart, below, note the explosive-looking bull flag pattern after a recent advance. 

The pertinent issue for us is whether the crude oil weakness, along with rates spiking in front of the FOMC next week, will impede the progress of even the most attractive long breakout plays in equities. For now, the indices are largely yawning at the crude and TLT swoons. 

More on this and plenty of fresh ideas for Members in my usual Midday Video.