Posted by curranjohn on 14th of Mar 2024 at 12:34 pm
I am paying attention to XBI here. Curious what you all think. I
mocked up a little Wyckoff chart here based on what I see from some
Wyckoff chartists. Anyone watching XBI here?
Posted by DigiNomad on 14th of Mar 2024 at 01:18 pm
Does the election year dynamic bother you at all when it comes
to XBI? Pharma typically gets crushed right about now and
biotech not far behind....easy political targets. This year
might be different since there are going to be zero debates for
Prez and they are both set to be lame ducks..but it's not just a
presidential election.
They are also HEAVILY dependent on capital markets and Gov
for funding. I have PhD clients in the biotech sector who might as
well change their titles to "grant writer"...because it's what they
are always doing.
I am paying attention to
Posted by curranjohn on 14th of Mar 2024 at 12:34 pm
I am paying attention to XBI here. Curious what you all think. I mocked up a little Wyckoff chart here based on what I see from some Wyckoff chartists. Anyone watching XBI here?
Wyckoff chart
BPT XBI
stockcharts.com
XBI | SharpCharts | StockCharts.com
Create advanced interactive price charts for XBI, with a wide variety of chart types, technical indicators, overlays, and annotation tools.
I am currently long LABD.
Posted by EdZ on 14th of Mar 2024 at 12:45 pm
I am currently long LABD. On the Daily it looks like XBI want to come down to the 50 dma.
Does the election year dynamic
Posted by DigiNomad on 14th of Mar 2024 at 01:18 pm
Does the election year dynamic bother you at all when it comes to XBI? Pharma typically gets crushed right about now and biotech not far behind....easy political targets. This year might be different since there are going to be zero debates for Prez and they are both set to be lame ducks..but it's not just a presidential election.
They are also HEAVILY dependent on capital markets and Gov for funding. I have PhD clients in the biotech sector who might as well change their titles to "grant writer"...because it's what they are always doing.
Well it does now. :-). and
Posted by curranjohn on 14th of Mar 2024 at 07:05 pm
Well it does now. :-).
and I also see Matt’s post that XBI closed on the STS system.
Still, I think XBI is interesting here.
Thanks EdZ. I'll be patient
Posted by curranjohn on 14th of Mar 2024 at 12:51 pm
Thanks EdZ. I'll be patient here as I start accumulating on dips.
I haven't been lately, I
Posted by matt on 14th of Mar 2024 at 12:39 pm
I haven't been lately, I thought it looked toppy a couple weeks ago with that divergence, nice to see it ahs pulled in nicely, watch that 50 MA now
regarding the comments on XBI
Posted by matt on 14th of Mar 2024 at 04:56 pm
regarding the comments on XBI earlier today, looks like KISS closed out with a 29.7% gain
https://breakpointtrades.com/sts_table/?search=xbi
and SOXL closed out with a 22% gain
https://breakpointtrades.com/sts_table/?search=soxl
Will do. Thanks.
Posted by curranjohn on 14th of Mar 2024 at 12:43 pm
Will do. Thanks.