vlad.adrian
Short

Biotech Sector - Biotech sector is what you want to buy!

NASDAQ:IBB   ISHARES NASDAQ BIOTECHNOLOGY INDEX FUND
146 14 5
Buy biotech! Everybody knows that right? Who doesn't know that you have to buy biotech stocks should not be trading stocks at all right? This sector is going down!

The patterns are explained on the chart. Check out the daily chart with my entry that is coming in a few minutes.

Related Ideas

HexVex
2 years ago
Guys and girls from Cambodia might not understand your sarcasm...
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HexVex HexVex
2 years ago
You mean Sell not Buy right?
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vlad.adrian PRO HexVex
2 years ago
Yes, it says it in the description
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vlad.adrian PRO HexVex
2 years ago
They will if they read my description where it says 'this sector is going down'. Plus, don't think they have good internet connection in Cambodia
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HexVex vlad.adrian
2 years ago
Hahaha. Who knows. Never been there. I'm sure they have elephants which might make up for the dodgy internet for some.

I get what you mean though.... But it might confuse people who's English is only so so... If you see what I mean :)
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vlad.adrian PRO HexVex
2 years ago
Well, if anyone is confused, hopefully they will ask me and I will explain what I meant, that is if they don't read the description, or the comments between us :)
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HexVex vlad.adrian
2 years ago
You are a MOD-GOD.... I will sell some more elephants :)
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vlad.adrian PRO HexVex
2 years ago
There's only one GOD out there, and it ain't me :)
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DemianThomas
2 years ago
hey vlad, did you get stopped out or are you still holding for a longer period for a drop, with a lot of biotech earnings coming out soon I'm not so sure if now is the time for a drop? Could be wrong though, love your charts keep them coming.
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vlad.adrian PRO DemianThomas
2 years ago
Thank you!
When you look for such a long term fall like this one, you can't get stopped out on a daily rally. My position is small so that I can take a full on rally. I believe most global markets are going to fall in the coming months, and that includes the strongest sector in the US market, the biotech sector.
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HexVex vlad.adrian
2 years ago
So why short the strongest on a small position instead of the weakest in any size of position?
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HexVex HexVex
2 years ago
Sport?
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vlad.adrian PRO HexVex
2 years ago
Because this is where I see a setup. I don't trade what I think, I don't trade fundamentals, I don't trade relative strength, I trade setups. This is a diverging double top, this is where my system tells me to short.
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HexVex vlad.adrian
2 years ago
That makes sense if you believe to have a clear signal. And I like the reasoning on your chart. I prefer to go large on a sure thing rather than spread out too thinly across the board to minimize risk/exposure.
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