Biotech Breakdown: Market Drops As Expected, Biotech Follows (7/24/15)

Market Analysis

  • S&P continue its pull back, as expected
  • DOW breaks 17750-800 zone, moving lower
  • Nasdaq's recent high very weak internally

Biotech

  • IBB drops big today
  • KITE still holding 70
  • REGN should be watched at 240 or trendline support
  • ISIS seems to have rolled over
  • INCY on its way down to the 110 breakout point
  • BIIB gets hit hard
Posted to The Biotech Trader on Jul 24, 2015 — 1:07 PM
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