Biotech Breakdown: Market Pullback Before New Highs (11/6/15) | Marketfy

Christian Tharp

Biotech Breakdown: Market Pullback Before New Highs (11/6/15)

By Christian Tharp, CMT — Author

Market Analysis

S&P still sitting right under the 2120-35 resistance
DOW tested its prior channel support
Nasdaq closes in on a new high
Russell and Transports lag

Biotech

IBB testing 50MA
AAVL stalling around 50MA
PBYI pulled back to 88
XON declining from 40
VRX moved lower

Tickers: SPX IBB COMP VRX AAVL PBYI XON

Posted to The Biotech Trader on Nov 06, 2015 — 1:11 PM

Check out what my VIP members get

Recent free content from Christian Tharp, CMT

Biotech Breakdown: Positive Signs Are Building (11/25/15) — 11/25/15
Biotech Breakdown: Market Still Pulling Back (11/12/15) — 11/12/15
Biotech Breakdown: Market Correction Over? (10/22/15) — 10/23/15
Biotech Breakdown: Markets Up, Biotechs Finally Take Part (10/16/15) — 10/16/15
Biotech Breakdown: Market Rallies, Biotechs Don't (10/9/15) — 10/09/15

You can also use Ctrl+Enter to post

Comments ({[comments.length]})

Sort By:

Loading Comments

No comments. Break the ice and be the first!

Error loading comments Click here to retry

No comments found matching this filter

{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

{[comment.date_posted|date_format]} ● {[comment.date_posted|date_ago]} ● Edited ● Edit Comment ● Delete Comment

Want to add a comment? Take me to the new comment box!