ISHARES NASDAQ BIOTECHNOLOGY INDEX FUND NASDAQ:​IBB

Healthcare ETF

Flag pattern breakout?

The 119.57 level may offer some resistance but we believe a breakout is imminent. However, we are going to pony up a little bit of premium to buy us a couple of months for the move to materialize. The September 21 $119 strike is being offered at $3.40. This will require a nearly 3% gain at expiration to breakeven. Should the 119.57 level be bested, 126 could ...

On Friday's Options Action, the crew analyzed the performance of the biotech sector. The NASDAQ Biotech ETF (IBB) that tracks the large cap names have underperformed the overall sector recently. IBB has recently formed both a long term cup & handle formation and an inverted head & shoulders, a bullish setup. Coupled the largest 5 names in this ETF reporting ...

.. if there is continuation. Otherwise, watch the resistance levels acting as support. (no position)

Seems like a valid break-out. If this close above the red pivot, i will add 1/2 position (2019 july call).

IBB breat above pivot (red). 200 MA also passed. Bought some 2019 calls. Target is the green pivot.

On Friday's Options Action, the crew analyzed the performance of the biotech sector. Large cap biotech stocks have underperformed small cap over the past few years and started to show signs of outperformance lately. Many of the larger cap biotech names have very cheap valuations and have bottomed over the past few weeks. Coupled with the bullish channel on IBB ...

IBB(daily chart). BAMM, Bearish Bat.

IBB breaking above trendline

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The weekly & monthly on $IBB still looks intact to me. Since the sentiment is overly bearish I think I should think on the contrarian. Weekly and Monthly approaching this 100D SMA and it may take some time but I would keep this as a side chart or block scan alert

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IBB still holding the trend and rouhgly $113 support

PFE brought down the whole XLV today. This is logically the point where sellers poke their heads up.