StockBuz Chart Gallery


XBI Bearish On Trump

Biotech was set up in a bullish triangle but changed directions (along with healthcare XLV) on heavy volume today as Donald Trump addressed the nation.  He spoke of cracking down on drug pricing and talked of a "bidding process" in his administration.  This now sets up a bearish triangle if you wish; cover above todays high.  I at least like the minimal risk.  Let's see how this plays out and if I'm wrong, I'll flip my position and get long.

Email me when people comment –

You need to be a member of StockBuz to add comments!

Join StockBuz

Pardon our dust as this page is undergoing a facelift.  Please report any difficulties you may experience during this phase.  Contact us