It has been a steep and relentless ascent for most parts of the US equity market since the January/February lows. Some market pundits are now calling for biotechnology stocks (IBB etf) to become the next market leader. While I don’t think biotech stocks have to fall apart here, they do look very stretched for the time being.

Watch the Free video for the trade setup in the biotechnology ETF (IBB).

 

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