the attached screen shot is a list of indexes that I keep on my screen all day. It gives me some insight to where money is rotating to and from, as well as a feel for over all market health. Watching these ‘core sectors’ helps to give me some direction and keeps me on the right side of the market in the short term.
Friday I couldn’t help but notice there was only 2 green lines left on my core sector list by the eod.
And with further investigation I found that one sector is a stand out. Not only friday, but through this whole recent sell off. BioTech is resisting the current sell off that almost all other sectors can’t seem to avoid.
http://www.screencast.com/users/MarkoFibo/folders/Jing/media/fbfc7fa6-613f-4d11-a1e0-5d1e716814df
So my thinking is that when the selling in the general market subsides there may be a nice pop in the BioTechs. I will spend some time today looking through some individual names in this sector for a bullish play.
http://seekingalpha.com/article/21234-a-close-look-at-five-biotech-etfs
good trading
Marko
