http://elmechstructuralengineering.com/home-addition-design/ We mentioned yesterday that those wanting to be bullish large cap NASDAQ stocks but remain bullish on biotech would be better off with a QQQ position as pure play biotechs are due for a rest.
Today the QQQ is up 1.69% compared to biotech ETF’s (IBB,XBI)up about 1%. The Rayno Mid-Cap Biopharma index is also up 1%. The Q’s have many larger cap Life Science positions which are up significantly today: BIIB,ALXN,GILD,VRTX and CELG. There are several Life Science stocks underperforming the Q’s although still up: AMGN,LIFE,ILMN,and QGEN.
The Q’s outperform today due to the tech rally with BRCM,MSFT,ORCL, MRVL etc all following the good earnings news from IBM.