"Everyone has a plan 'till they get punched in the mouth" - Mike Tyson

November 25, 2013

Chart of the day

The Biotech SPDR ETF is rejecting the head and shoulders topping pattern that has formed over the entire fall.  A huge rip isn't a guarantee until the September highs are taken out, but with the clear RSI and relative strength resistance breaks, the odds are definitely in favor of a strong move higher.

Some stocks in the group of note:  ENDP, NPSP, INSM, BCRX, ALNY, IRIX, ILMN, PODD, CBST, HALO, STAA, ACOR


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All ideas shown on this blog represent the authors opinion based on the data available.