$GILD Technically Speaking: Today marked the 4th straight day (all week) that Gilead has made lower highs AND lower lows, i.e. serious downtrend.  But we are about to hit the play that has worked all year, but I have my doubts now.  The new hourly floor is at 73.35 which is a huge drop after today.  Furthermore, the 50DMA is above it at 76.13 (only 48cents from close).  So one of two things is going to happen and I don&#39;t have to tell you what they are. I really thought we were going to be trading in the 80&#39;s, but  now we are solidly back in &quot;THAT 70&#39;s SHOW&quot; with the path of least resistance to the downside. We got no follow through today on the nice move up. So tomorrow my first option is likely a short.  I divide my floor/ceiling into 3rds and current price is on high part of curve indicating a short first.  But trend sometimes can change, but to do so it has to bust through the current hourly ceiling of 79.70...just in case you care!!! LOL
<ticker> technically speaking : today marked the <number> th straight day all week that gilead has made lower highs and lower lows , i . e . serious downtrend . but we are about to hit the play that has worked all year , but i have my doubts now . the new hourly floor is at <number> which is a huge drop after today . furthermore , the <number> dma is above it at <number> only <number> cents from close . so one of two things is going to happen and i do not have to tell you what they are . i really thought we were going to be trading in the <number> , but now we are solidly back in that <number> show with the path of least resistance to the downside . we got no follow through today on the nice move up . so tomorrow my first option is likely a short . i divide my floor / ceiling into <number> rds and current price is on high part of curve indicating a short first . but trend sometimes can change , but to do so it has to bust through the current hourly ceiling of <number> . . just in case you care ! ! lol