by Chris Kimble | Jun 21, 2017 | Kimble Charting
Bio-tech used to be an upside leader over the broad market coming off the 2009 lows. Bio-tech gave up its leadership back in 2015, where it peaked and started under performing the broad market. Over the past 15-months, Biotech has started acting a little better. Below...
by Chris Kimble | Nov 23, 2016 | Kimble Charting
A long-term leading sector could be testing a price point where if it slips, it could slip a long way and impact the broad markets! Below looks at Bio-Tech ETF (IBB) over the past few years. IBB was huge upside leader until last summer. Once it peaked, the broad...
by Chris Kimble | Nov 17, 2016 | Kimble Charting
Of late, due to the elections last week, much of the media is talking about “new leadership.” Today I would like to discuss “old leadership” and why from a Power of the Pattern perspective, we humbly feel a leading sector is testing a key...
by Chris Kimble | Oct 21, 2016 | Kimble Charting
At one point in time, actually for years, Bio-Tech (IBB) was a market leader. From the 2009 lows to 2015, IBB out gained the S&P by more than 250%. Since the summer of 2015, Bio Tech has remained a leader, a “downside leader!” IBB has lagged the...
by Chris Kimble | Aug 9, 2016 | Kimble Charting
If one was to look for stocks that have been crushed, Valeant Pharmaceuticals (VRX) comes to mind. How bad has it been for VRX? How about a 90% decline in less than a year. The decline in this stock might have something to do with the Bio-Tech sectors huge under...
by Chris Kimble | Aug 8, 2016 | Kimble Charting
If one happened to buy Bio-Tech ETF (IBB) last summer, its been a bummer. From July of 2015 until June of 2016, IBB had lost over a third of its value. Is this bummer about to end? CLICK ON CHART TO ENLARGE This chart looks at IBB over the past 9-years. IBB remained...
by Chris Kimble | Jun 21, 2016 | Uncategorized
CLICK ON CHART TO ENLARGE Bio-Tech was tons stronger than the broad markets from 2011 to 2015 at (1) above. Once support broke and Bio-Tech kissed the underside of resistance at (2) above, sellers stepped in and this leading upside sector, now has been a leader to the...
by Chris Kimble | May 17, 2016 | Kimble Charting
Over the past year, a few sectors (Transports, Bio-Tech, Banks and Russell 2000) have been weaker than the broad markets. For the broad market to move higher, “Risk On” traders/investors want these weak sectors, to start reflecting some strength. Below...
