“All roads that lead to SUCCESS have to pass through HARD WORK boulevard at some point.”

Oil and biotech are the two sectors has been hitting hard since the start of the year. Oil recently bounce over $30bl while the biotech sector IBB -21.07%  YTD performance.  Last Friday biotech did showed sign of “potential” bounce to carry over this week. We are looking for short-term bounce play. The whole sector still not healthy to do heavy trades or hold many swing positions over night.

Index: IBB

IBB1

IBBbar

Stocks: ANAC, BLCM, DVAX, IONS, ONCE, RDUS

anacANAC

 

BLCM1BLCM

dvax1DVAX

 

ionsIONS

 

ONCE1ONCE

rdusRDUS