I was looking for an entry in to IBB short, actually BIS (UltraShort NASDAQ Biotech). I had just been waiting for a bounce in IBB, not much and some clear signals, they remain clear since Friday's trade set up, Trade Idea/Set-Up (longer Term) IBB / BIS NASDAQ Biotechs.
For now I'll enter a 2/3rd long BIS position, I want to leave a little room in front of the F_O_M_C later today for either adding or a eider stop.
Charts will be up soon, but not much has changed in IBB.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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