Biotech Breakdown: Market Breaks, Biotech Hits Highs (1/20/15)

Christian Tharp

By Christian Tharp, CMT — Author

Market Analysis

S&P seems to be taking cue from DOW at this stage
DOW broke trendline support, which implies a lower overall move. Yesterday's rally was bigger than expected, but a solid move back below the trendline (17300+/-) should confirm the forecast for a lower move. First target down would be 16600+/- (channel support)
NYSE testing triangle support

Biotech

Posted to The Biotech Trader on Jan 30, 2015 — 10:01 AM

Biotech Breakdown: Positive Signs Are Building (11/25/15) — 11/25/15
Biotech Breakdown: Market Still Pulling Back (11/12/15) — 11/12/15
Biotech Breakdown: Market Pullback Before New Highs (11/6/15) — 11/06/15
Biotech Breakdown: Market Correction Over? (10/22/15) — 10/23/15
Biotech Breakdown: Markets Up, Biotechs Finally Take Part (10/16/15) — 10/16/15

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