Biotech Sector Outlook (video)

As this video ran longer than I had anticipated, I'll sum up my thoughts for those that don't have the time or inclination to watch the entire video. Despite the fact that the biotech sector has been drifting higher in a choppy but overall bullish trading range since the February lows, there is very little, if any, evidence on the long-term charts that indicates the bear market off the July 2015 highs is over. The biotechs very well could be on their way to new highs but again, the technical evidence to support that case just isn't there yet, although it [...]

2017-03-08T21:19:37+00:00 Jul 26, 2016 3:36pm|Categories: Equity Market Analysis|Tags: , , , , , , , , , , , , |5 Comments

Biotech Wreck Pending (video)

This video covers the biotech sector starting with an overview of PBE (PowerShares Dynamic Biotech Portfolio ETF) and IBB (iShares Nasdaq Biotechnology Index Fund ETF), both of which are very close to triggering major sell signals. In the coming months, my expectation is for a drop of at least 20% in the biotech sector with many individual biotech stocks poised for substantially deeper corrections. As of now, the sector (as represented by these two ETFs) has fallen to & remains on major uptrend lines so we have yet to trigger a major sell signal in the sector. However, as discussed in [...]

2017-03-08T21:20:21+00:00 Jul 30, 2015 1:31pm|Categories: Equity Market Analysis|Tags: , , , , , , , , , , , , |Comments Off on Biotech Wreck Pending (video)