Biotech re bound, pick a leader to win

The Biotech sector (IBB) is looking like it wants to bounce, Wyckoff logic suggest pick a leader of the sector to enjoy the bounce.


AMGN shows a nice re accumulation pattern. As a Wyckoff trader we want to investigate stocks that show the composite man is in harmony with the desired direction of this stock. RTT Steps (Wyckoff Indicator within readtheticker.com) gives a visual presentation of the harmony. Stock looks good! One to watch and profit.

The relative strength review of AMGN vs IBB, AMGN vs SPY (via Quick Alpha pop out chart)

Original Post: http://ift.tt/1MSSByb