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Biotech Stocks Break Support

XBI (Biotech ETF) has broken below this 5 month uptrend line, triggering a sell signal while the PPO remains below the zero line, indicating a bearish trend. I am holding off from adding XBI or any of the other biotech ETFs as official trade ideas for now, preferring to see additional bearish confirmation in the broad markets as well as follow-through to the downside on XBI tomorrow. 120-minute chart:

XBI 120-min April 3rd

XBI 120-min April 3rd

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Apr 3, 2017 3:58pm|Categories: Equity Market Analysis, Unofficial Short Ideas|Tags: |6 Comments

6 Comments

  1. jrandhawa April 3, 2017 9:47 pm at 9:47 pm

    Randy what is short ETF of XBI.

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  2. jrandhawa April 3, 2017 9:51 pm at 9:51 pm

    Randy will you please give the list of long & short ETF & also when you mention Long Or Short the ETF will you please give name of both Long & Short ETF too.
    Thanks in Advance.

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    • rsotc April 4, 2017 8:37 am at 8:37 am

      I know most but not all of the long & short ETFs for the various indexes & sectors that I cover but it would be an arduous task to list them all with each sector or index ETF that I cover. Plus there many have at least two of the following: 1x (non-leveraged) long & short ETFs, long & short 2x leveraged and many also have both long & short 3x leveraged ETFs not to mention that a lot of sectors have numerous 1x & even 2x tracking ETFs (e.g.- for just the long/bullish 1x non-leveraged tracking ETFs, the semiconductor sector has at least 3; SMH, SOXX & XSD).

      Regarding the biotechs, there are at least 3 non-leveraged long ETFs: XBI (mentioned above), IBB & PBE. There also BIB (2x long) & BIS (2x short) biotech ETFs which track the same Nasdaq Biotech Index as IBB. You can also juice up the Nasdaq Biotech index to 300% leverage with UBIO (3x long) & ZBIO (3x short). Then you have LABU & LABD which are the 3x long & 3 short biotech sector ETF that track the same biotech index as XBI does.

      I’ll make a note to update the ETF Center to both include the latest ETF offerings asap. Until then, the site that @jamske mentioned sounds like a good resource to get the latest listing of ETFs for each sector, index or commodity.

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      • rsotc April 4, 2017 8:46 am at 8:46 am

        One more thing to add to that is the fact that I often mention my preferred leverage ETF if covering a sector in a video or when covering the sector as a trade idea, whether include the leveraged or inverse ETF as an official trade idea or just mention it as an alternative to the 1x non-leveraged sector ETF. With that being said, feel free to ask me if I have a preferred leveraged or inverse ETF when covering a sector as I often do, typically those that have the most liquidity as I find it best to avoid some of the less actively traded ETFs due to the large spreads which can cost you $$ when buying & selling.

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  3. jameske April 4, 2017 6:51 am at 6:51 am

    Go to “Resources” and click on “ETF center” It shows a list of long and short ETFs. It might need some updating but it should give you a start. Alternatively you could try http://etfdb.com/ which offers a search based on sector.

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  4. murphydoc May 8, 2017 8:47 pm at 8:47 pm

    Do you think the target of XBI is all the way down to 59?

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