Biotech Update

Biotech Update

The BIB(ProShares Ultra Nasdaq Biotechnology Index) is finishing out the week on a high note.  The index is less than $1.00 away from posting its best weekly close since mid October.  The current set up is quite bullish.  We consider the BIB a low risk buy near...
10 Straight For The Nasdaq

10 Straight For The Nasdaq

More great stuff from the desk of Ryan Detrick: The Nasdaq Composite Index is up 10 straight weeks for first time since Dec 1999. That was a very bad time to be bullish stocks. Here’s the catch, looking at the other 7 times it got to 10 weeks in a row? The...
Clean Sweep For Biotech

Clean Sweep For Biotech

The XBI(Biotech ETF) finished the week with a 3% gain on accelerating trade.  The 200 day held support all week.  Quite a bullish set up.  We covered the XBI earlier this week:  Biotech Breakout The BIB(ProShares Ultra Nasdaq Biotech Index) and the IBB(ProShares...