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.
Tuesday, July 15, 2008
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2 comments:
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.
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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