Tuesday, July 15, 2008

This Group Of Stocks Continues To Move Higher!



The stock market may be heading south but the biotechs are heading north making a new year high today for the XBI index.

Stocks such as AMGN, CELG, GENZ, MYGN, OSIP are all rapidly moving higher.



2 comments:

VT Castle said...

Nice write up - the biotechs definitely have some positive momentum behind them, even though I hate to agree w/ Cramer's call last week as they are a safe haven. But - whatever works right!

I've been working w/ ELN and SQNM, but be cautious w/ SQNM b/c it's a serious momentum stock in the last week or two.

Anonymous said...

biotech or health stocks may perform better here on.. i agree w/ you.
However, i disagree w/ your currency trade and think that EUR is headed lower as it couldnot expolit huge sentiment against dollars on fanni/freddi// that tells me Eur is headed lower.

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