• Time For Biotech To Cool Off Again?

    2 monthes ago - By ETF Daily News

    From Dana Lyons : A popular biotech ETF is testing potentially formidable resistance on its chart.
    Last week , we noted that the a key index of internet stocks was encountering a potential “triple top” on its chart. Of course, if such an interpretation was accurate, it could make for some tough sledding in the internet space. Today's Chart Of The Day highlights a similar situation in the biotech sector, specifically on the chart of the popular SPDR S&P Biotech ETF, ticker, XBI.
    As with the internet index, XBI has formed a potentially ominous triple top, with parallel peaks around the $98...
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