Another bearish wick in Bio Tech took place!

 

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Bio Tech led on the way up and so far is been a leader on the way down!

Another bearish wick this past week took place in IBB.  Keep you eye on this leader and watch for its impact to the NDX 100 !!!

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What’s the message coming from the “Fear Index” (VIX)?

 

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By now we all know Bio Tech and Social media darlings have been hit hard of late, which could be masking that the broad market is NOT! So far the S&P 500 is off less than 4% from 200-year highs. Is that much reason to be fearful?

Speaking of fear, the VIX index remains inside of a two-year falling channel and a breakout has not taken place. Once a breakout in the fear index took place at (1) above back in 2007, that was when the market became really weak.

At this time the VIX index remains calm, inside of its falling channel and well below line (2). When should a person start biting their nails? If the VIX breaks above its sideways channel and breaks above (2). 

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Buy these dips and breakouts from depressed prices?

 

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Do you believe in buying the dips? Do you believe in buying breakouts above resistance lines? Do you believe in buying when an asset breaks above a moving average? If the answer is yes to any of these, the above 3-pack might be interest to you.

Remember the 3-pack above is inverted...

My goal is to produce research that can assist investors to "enlarge their portfolios regardless of market direction!"  This goal has nothing to do with being bullish or bearish on markets or assets.  

Price is the only thing that pays!

Premium members bought RWM at (1) last week as it has endured a huge decline and it looked like the inverse Russell was breaking above resistance.

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