Enough flirting with more highs for this thing they call the IBB. If a breakout is to happen, then the Ferrari’s have to step up and stop acting like Pinto’s. The four horseman of IBB include: GILD (#1) AMGN (#2) BIIB (#3) REGN (#4) and CELG (#5). So these are top 5 in the IBB weighting.
All of these names are chart challenged ( exception GILD), and right now need to start acting better. Maybe they are bottoming. We’ll see, but it will certainly be an interesting second half for my favorite group.
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