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Biotech / Medical : biotech firesales

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To: scaram(o)uche who wrote (3467)	9/29/2017 2:56:55 AM
From: Robohogs	Read Replies (1) of 3661

Interesting as bio indexes churn a bit that THE JIMS stocks just exploding higher. All of them. At insane rates of change. Not sure what it means. XBI also killing IBB. PBE lagging badly. My read of tea leaves: MOMO midcaps over other midcaps which are moving in line with large caps all of which is trouncing small caps. This level of MOMO move in past has killed moves (at some point - usually higher than we think) but usually with indexes AND small caps exploding higher too. Here we just have momo midcaps and some large caps (6% is huge move for ABBV BTW). My gut says we are early in this part of move. But the CDXS/BPMC/LOXO/MDGL/FGEN/IMMU moves very large. Jon

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