Market-Technicals

Financial Market Analysis

By Shawn R. Carpenter

Thursday, March 26, 2009
  Biotech & Healthcare Equipment heading lower?
Biotech and Healthcare Equipment groups might be in for a hard landing. Price action on a number of biotechs as well as some other names do not look good and are prime for some shorting. The key right now is watching the SPX at 840ish level. Resistance at this level and we head lower.

Healthcare Equipment:
MDT (Medtronic Inc.)
COV (Covidien Ltd.)
BAX (Baxter International)
ZMH (Zimmer Holdings)
BCR (CR Bard)













Biotech:
AMGN (AmgenInc.)
GILD (Gilead Sciences)
CELG (Celgene Corp.)


  8:01:00 PM
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Market-Technicals is a Financial Market Trend and Research blog. Mainly utilizing technical analysis, the research composed is designed to capture market timing techniques, understanding how economic and political forces shape the market, and give speculation as to where the financial market is headed. Encompasing equities, index, sector, ETFs, commodities, and bonds; the expectations are to shed some light as to what "smart money" is thinking.
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