On BTK: Also took a look at the list. Almost shocking how many of the stocks on that list have, as Casaubon correctly points out, broken down, even while the BTK as a whole remains in an uptrend, around its 50 DMA, well above its 200 DMA, coming off correction after previously reaching (if just barely) a new high. Was down the day money was rotating back into other tech stocks, otherwise...
Just for reference, the full list of BTK stocks is
AMGN
BTGC
BGEN
CRA
CEPH
CHIR
CORR
GENZ
GILD
HGSI
IDPH
IMNX
MEDI
MLNM
ORG
PDLI
VRTX
Don't have enough time at just this moment to go over them one by one, but, as I recall from having perused the group, a few have, as they say, rather constructive charts, a few others are all over the place, and a few more look very ill. Fun sector. I seem to recall IDPH looked the best, and CORR was far from a disaster. Made what looked to be a boring short-term trade in BGEN (started back in ancient times before Thursday) that's on the verge of becoming an investment, but have finger on eject button if the turn-up in MACD and the possibility of a trip back to 200-day don't pan out. |
