Technical analysis of the biotech sector etf, XBI, as well as several leading biotech stocks.

Note, I don’t have a strong opinion on the near-term direction of the biotech sector & as such, you might want to skip this one. I recorded this video in response to a request for my thoughts on the biotech sector from a member in the trading room. I don’t see many actionable trade ideas in the biotechs at this time although I decided to post the video for anyone interested. Key support & resistance levels as well as some additional comments on the biotech sector are covered. After recording the video, I noticed a static/buzzing sound in the audio which is unable to be removed.

The following ETF & biotech stocks are covered in this order: XBI, ABBV, GILD, CELG, BIIB & REGN.