Two weeks ago, I had been plotting a rotation into biotech stocks. To sum up my words that week, participants came into all time highs playing defense, and this was a critical step to signal offense.
The $IBB has been trending against the indices all day long. Any time that action occurs in a market like this, it confirms the landscape, which is that we’re trending higher…in case you haven’t noticed.
I pleaded with those selling positions yesterday to quickly buy back in. Moves like this are a positive signal to the overall health, and uptick in risk appetite of the overall market.
Carry on.
OA
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LABU on an exit trajectory since 3:00 – waving goodbye to those on the sidelines…
just need oil to fokin rally for my portfolio to be total success. what a dog.
Right on OA. I did sell out of $CELG y’day, fortunately I spread that cash around to $BMY $TEVA $NVO and my new fav $LLY. Hat tip!
Nice call on IBB. Many are missing out on this rally so I would buy the dips. FB on fire after the close. I like oil here too.
$FB YOU MAGNIFICENT BASTARD! sorry for shouting.. It just melted the frozen spike that my $TWTR position rammed up my ass today.
seriously. tale of 2 cities. I own both, fortunately and unfortunately.
$TWTR comes back gonna take a quarter or two. $FB left the launchpad.
uhhh…GRPN. wow
what makes this “break out” any different than the last 3 that happened and failed this year?
Plenty. You watching $XBI too?
Volume, accumulation, leaders are leading. Should climb the wall of worry into the election.