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ETF Consolidation

Posted on 05 September 2014

As we enter the last trimester of the year it looks to me like the stock markets might be setting up for a fall rally. The main reason is that many markets have spent a lot of time consolidating in 2014. It’s more likely those consolidations lead to a resumption of the trend higher before they put in a major top.
Biotech is one of these markets for instance. I think healthcare and biotech stocks might be setup for big gains going into the fall and winter. The iShares Nasdaq Biotech (NASDAQ:IBB) ETF has completed a large cup and handle consolidation pattern in 2014 and looks set to explode higher if a fall rally kicks off………………………………………..Full Article: Source


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VRS - who has written 38163 posts on Opalesque Commodities Briefing.


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