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Actionable news in BIB: ProShares Ultra Nasdaq Biotechnology,

Gains Continue but Volume Falls

An impressive comeback by small caps as Biotech’s lift off morning lows with the broader market moving higher. Volume struggled to eclipse Wednesday level, but price gains were once again solid. Biotechs struggled for much of the session. However, the group found buyers lifting the group off the lows of the session above the mid-point of the day. The GOP Healthcare bill likely spooked traders, but the price action remains bullish for the group. After the recent gains, it would be nice to see the market take a day or two to rest. Not a bad session and the market is poised to continue its gains ahead of earnings...


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