Biotech Sector On Fire

Biotech Sector On Fire

The IBB(iShares Nasdaq Biotechnology Index)is surging over 3.5% today.  This powerful breakout move, which is the indexes best gain of 2018, has driven it past the June and February highs.  The IBB is setting up well for a retest of the 2018 peak($119.30). ...
Semis Slumping

Semis Slumping

From Charlie Bilello:  The Semiconductor Index closed below its 200-day moving average last week for the first time since May 2016, ending the longest streak in its history at 458 trading days. Five of the last six sessions the SMH has closed below its 200 day moving...