Friday, April 15, 2005

PPH drug index

With all the good news in pharmaceuticals this index will be ripping today so you might want to be long on an index like PPH. This index is trading up in pre-market.


PPH CHART

3 Comments:

Blogger VEGAS PREDICTOR said...

you had airt as a play last friday today looks like it has another chance on improving chart? what's your take?? i think it looks like strong buy?

10:12 AM EDT  
Blogger Gordengekko said...

Dan-

I would be careful in this market. The bears are in control. AIRT is doing ok today but the volume is very low and you never want to trust a low volume breakout because they generally fail. AIRT needs a high volume breakout.

10:18 AM EDT  
Blogger Gordengekko said...

PPH index now has a bearish candle on the chart so this could mean a reversal is coming on drug stocks.

10:46 PM EDT  

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