February 13, 2020 8:30am
Markets and the sector had run wild, any excuse for a decline was inevitable
As the IBB jumped +1.41, the XBI popped +2.69 and sector closed positive in three (3) sessions with low volume and percentage upside moves preparing an overbought takeback
Too much, too soon – only two (2) Q4 and FY19 “numbers” to validate and substantiate the “forward motion” of pricing – think electronic trading and those algorithms to pursue their capacity of emotionless profit taking
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