As I have mentioned before I keep an eye on the US Biotech stocks and ETF $IBB listed on the Nasdaq - Overnight up another 1.5% quietly pushing up to over $310 up over 50% since the massive shakeout earlier this year
This money flow has been happening in the large caps in the ASX and will flow/is starting to flow down to the smaller caps
A look at the current 52 week highs for the ASX gives you an idea of which sector is performing strongest
$RHC
$CSL
$RMD
$SRX
$ANN
$HSO
I remember watching this the first time when the $XHJ broke out above the 10,000 mark in Aug 2012
IMO a good few months ahead for some of the smaller cap biotechs
As I have mentioned before I keep an eye on the US Biotech...
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