Biotech: Reversal

While the rest of the market is well off its highs, the biotech sector (IBB) made a new all time high just yesterday.


The problem is, it’s a reversal.  Price action opened sharply higher and then closed lower on heavy volume.

It’s taken nearly five years for biotech to push past highs of July 2015; Not a roaring bull market

As the current medical delusion fades into some other delusion, focus on biotech may fade as well; Look-out-below when insanity returns to reality

Could it be at this juncture, going short the biotech sector is the least risk trade?

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