GILD is losing momentum while IBB is not budging in (Today SPY was down 1.6% and IBB was green till middle of the day). The strength in IBB has been passed on to Russel 2000 as well (IWM was down 1%).
When IBB rolls over, GILD will get harder hit (*I think*).
*** Best time to buy GILD is a down day in IBB and a green day (or neutral day in GILD).
This day will come (by end of April).
BTW, look at last year price action of SPY, IBB and GILD between Feb/2014 to May/2014.
When IBB rolls over, GILD will get harder hit (*I think*).
*** Best time to buy GILD is a down day in IBB and a green day (or neutral day in GILD).
This day will come (by end of April).
BTW, look at last year price action of SPY, IBB and GILD between Feb/2014 to May/2014.
