kalosagathos
Long

IBB expects potential rally

NASDAQ:IBB   ISHARES TRUST NASDAQ BIOTECHNOLOGY ETF
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Trump's speech sent IBB sector plummet as we can see in the green box area. Most of them might be auto programming sell-off. However, we saw it bounce back later in the afternoon. If IBB could climb above the uptrend line indicated, I see reversal for IBB sector. Plus, Trump's policy regard decreasing drug price harms IBB performance for the short term, but benefit the whole pharm for the long-haul.
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