~3 months of patience tested eyeing the 110 levels
Some support at the 70-71 levels increasing distance away from lower channel GILD is in the top 15 Biotech companies by market cap 2nd highest market cap with the lowest P/E ratio out of the top 15 How often does as 95 billion market cap company have a low P/E ratio?
Gold’s perfect storm?
XLV (health care sector) overlay 2017 Play?
> Not always perfect..but accepting imperfection > Solid support at the 115 price levels = awesome trading game plan for the next tech sector pull back (if there is one..)
Decided to hedge a little bit today..
Managing Risk > Prior resistance becomes support RR entry/exit > 100 Round number RR entry/exit
> possible support at the 200 MA > Bullish Flag Setup (Pole + Flag)
Possible position trade Possible entry levels: with GLD