Biotech Breakdown: Market Breaks Resistance, IBB Holds 350 (5/15/15)

Market Analysis

  • S&P pushed above 2120, should head to new highs
  • DOW breaks above 18200, should hit new highs soon
  • Nasdaq underperforming just a bit
  • Transports continue to lag badly
  • Longer-term momentum issues still in tact

Biotech

  • IBB held 350, again, should continue higher
  • ICPT breaks triangle resistance and 300
  • BLUE cools off
  • NLNK gets drilled
  • RDUS breaks 40 and 45 this week
  • AGIO breaks above 110
Posted to The Biotech Trader on May 15, 2015 — 10:05 AM
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