Analysis of XBI (Biotech Sector ETF) and several of the largest biotech stocks including AMGN, ABBV, CELG & GILD.
A detailed look at the chart of the biotech sector ETFs: XBI, IBB & PBE as well as some of the leading stocks in the biotech sector. As this video went a bit longer than I anticipated, I decided to post the daily charts of some of the top individual biotech stocks in static format [...]
These are the charts of some of the largest components in the biotech sector. My reasoning for closing about 60% of my biotech shorts shortly before the close yesterday & closing the remainder shortly after the open today, as well as reversing to a long position, was the fact that the majority of top components [...]
In updating the trade ideas on the site, the following trades will be removed from the Active Short Trades category. These trades have either hit one or more profit targets, exceeded their suggested (or any reasonable) stop criteria, or based on the technicals, these trades no longer offer a very attractive risk/reward profile. Also note [...]
The CELG short trade has hit T1 so consider booking partial or full profits and/or lowering your stops. My preferred target on this trade is T2. CELG was first mentioned as a short on Oct. 21st along with my other favorite shorts in the sector. The first chart below is the daily chart from the [...]
The biotech sector remainS one of my favorite short trade ideas and I've put together this video covering the charts of the 14 biotech stocks that I posted on October 21st as my favorite individual shorts in the sector (click here to view that post). Also discussed are the IBB, my preferred ETF for the [...]