Biotech (IBB) had a crazy move on Friday which I couldn't figure out why. Possibly high risk on play? And a lot of short squeezes on the miners/metals (GLD). Many signs are pointing to higher prices. I saw a lot of setups for Broadcasting/CATV, banks/money centers/regional, credit cards. I always get uneasy when all I see are long set ups but really there weren't any decent short opportunities besides ORCL. Maybe this is the sign but all the bears have been getting their ass handed to them. Manage your risk and trade them well.
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