Grinding higher | stockbee


Grinding higher

It is a slow grind higher with selective action. It is not a broad based up move. Rotation out of momentum leaders is a daily theme. QIHU was example of that yesterday.

But the selling is well contained and rotation in to new names is leading to slow  grinding higher move. Follow through on breakouts is not significant in most cases, so smaller profit targets are working. Biotech sector is clearly the leader at this stage.

Some of the good breakouts from yesterday are: BLMN PTIE IMUC

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