The indexes were flat today, but there was some good action in certain spots. Many of the sector etf’s I follow were either red today or just up slightly with the exception of biotech which had another good day as XBI was +2.0%. So good relative strength.
ONCE had a +2.0% today and really looks like it wants to rip.
LABU which I added the other day popped 6% today to close at 64.50. We added this at 61 the other day, so so far so good.
More setups to watch include; IMGN, CALA, and JUNO
The names from the other night all still look good too.
XBI broke solidly above its 50-day moving average today. IBB is still just a little shy.
Anyway, it was interesting to see biotech exhibit such fine relative strength today. See you in the morning.
