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Biotech Wreck, Part II

This video is a follow-up to the Biotech Wreck Pending video published on July 30th. The video starts with coverage of the biotech sector ETFs; XBI, IBB, & PBE, followed by a quick look at a few of the largest components of the biotech sector. Although key support levels & prices targets as highlighted in the video, I plan to follow up with some static charts and detailed notes for both the biotech ETFs as well as some of the individual biotech companies that stand out as attractive shorting opportunities in 2016.

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Jan 7, 2016 11:32am|Categories: Equity Market Analysis|Tags: , , , , , , , |4 Comments

4 Comments

  1. covey January 7, 2016 12:43 pm at 12:43 pm

    Great video, Randy. Thanks for your detailed explanations – very helpful for understanding technical analysis.

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  2. astoria26 January 7, 2016 1:43 pm at 1:43 pm

    This was super helpful, thanks so much Randy! I see the weekly break of the upward trendline you’re talking about now, I was drawing it previously in TradingView which is not a good idea, their charts are off. Drew it in my trading tool Schwab’s SSE and I agree, long way for it to fall in an election year.

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  3. rsotc January 7, 2016 1:51 pm at 1:51 pm

    astoria26- Not sure if this is what accounts for the difference in our trend lines but I almost always use a log (aka- semi-log) scaling on my weekly charts (as well as any time frame above 5 minutes). Many charting programs are defaulted to use linear/arithmetic scaling. I just wanted to point that out as it makes a huge difference when drawing trend lines, especially when their is a relative large different in price during the time period that you are viewing.

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  4. MR2P January 7, 2016 8:47 pm at 8:47 pm

    A lot a useful information, thanks for sharing your knowledge.

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