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Biotech Trader Video Newsletter
Market Analysis
- S&P has been volatile and choppy this week, need to watch recent lows and 2070-80 area for a break
- DOW looks the same as the S&P, a continued fall should bring the index down to its channel support
- Bigger market view remains down
Biotech
- IBB broke below 368, but held the 50MA, an dis now back above 368
- REGN bounced off trendline support
- BMRN moving above 140
- INCY challenging 110
- SCMP testing 17.50 resistance