reading comprhension section of the sat was tough huh? i said they must announce DRUGS. what did they do the past month? they announced drugs. celera has not and look at celera. so i was right.
for last week i said::. "i will say again - look for healthy chip and chip equipment stocks. look at micorelectronics and component makers. just my opinion."
number 1 sector today was???? the chips. last rally day? the chips. i do not see that much upside in the biotechs now frankly. i think we need to see a consolidation of mygn over 100 as a breakout is looking less likely with strong techs. look at hgsi today.
consolidating gains is going to be the key for mygn now. if it can hold over 100 for a time it can break out with powerful news. hopefully i am wrong about this. i think the weakness in the drugs today means a rotation of money is taking place.
the nice part is the support has risen to 83 and 78 and 58 which bodes well for the longer term. if funds are looking to buy in then the price should have good support.