XBI Before and After

A look at the biotech ETF respecting the price channel resistance on Monday after a close above the SMA (20) on Friday.
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These jumps in biotech are really on those 2 major acquisitions in the last week....I was bullish in late December but as of today I started to add LABD and ZBIO ....if they drop more I'll continue to add more positions.
 
I'd be careful buying the biotech ETFs without a pullback first.

One of my best systems is currently showing LABU as a strong short-term sell. (over next 1-5 days)
 
I'd be careful buying the biotech ETFs without a pullback first.

One of my best systems is currently showing LABU as a strong short-term sell. (over next 1-5 days)



Adding more LABD as we speak!!!

.biotech looking for a short term sell off of at least 5% on the IBB
 
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