The XBI Trying To Break Up
Finally, markets are seeing some rotation into the unloved sectors. We will be looking at buying cheap calls in healthcare stocks, with good looking charts.
Finally, markets are seeing some rotation into the unloved sectors. We will be looking at buying cheap calls in healthcare stocks, with good looking charts.
Multi time-frame squeezes + multi time-frame alignment = explosive moves. Let’s recap the action from today’s rally.
A nice bounce in the /ZB helped the lagging indexes, like the XBI. Now XBI looks like a possible upside breakout.
Last week we stayed with waiting for pullback to buy, in other words, Stay Bullish. In this update, I talk about how I am choosing the symbols to buy the dip on because watchlist building is the key to follow-through or “what you trade is more important than how you trade it”!
Many under-loved biotech stocks are seeing big upticks in call volume. I am looking for unusual call action to spot potential long ideas.