NextTrade1122

Past to Present XLF IBB QQQ SPY

INDEX:BTK   Biotech Index
70 0 0
Here we are today. Financials breaking down and under performing. Biotech going parabolic. SPY             and XLF             is scaled left and Biotech index             and QQQ             scaled right. I think IBB             will continue to run for a bit longer but any harsh snap in this industry will likely be similar to what happened in 2000s. Speculation will burst, and people will be running out the doors. Those that say that things are different need an intervention. They are in denial. Those that say theres no way this will play out will probably be left with the bag. BTW I'm long stocks and commodities , but net short after this week. Time will tell.. I really think biotech still has room to run for now, but watch the action
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