Explosive Growth Inside
Put on your rally caps, friends…
Markets opened in the green today. And even better…
There’s solid evidence we could see a big rise across major indexes over the next three months.
My friend and income expert Mike Burnick noted this on a call the other day…
Over the past 10 weeks the Nasdaq has clocked quite a winning streak. And according to Mike, citing Bespoke research:
“When the Nasdaq goes on to have a 10-week win streak, three months later the Nasdaq is up 100% of the time, with an average gain of 10%.”
I like those odds. And I expect some of the biggest gains to occur in biotech this year.
And we’re not the only ones feeling bullish on biotechs.
“Biotech Stocks Are Tracking for Their Best Quarter Ever,” reports CNBC.
A month ago I noted how biotechs were facing a major crossroads.
After a dismal December, the flagship Nasdaq Biotech ETF (IBB) was back on the upswing and bumping against its 200-day moving average by the end of January.
At the time I noted IBB had a 50/50 shot of springing up or falling back down. But no matter which, that direction would determine the long-term course for biotechs in 2019.
We put all our chips on the bull winning out, and as CNBC recently reported, that bet was in the money big-time.
A biotech breakout is coming, and coming at us fast.
Why do I expect biotechs to go boom?
Two reasons stand out among others for me.
First is the chart action. As we look at IBB this month, we can see it recently withstood a small drawdown and then rocketed back up shortly after.
This typically indicates a large upswing is coming.
The second reason I’m bullish is due to the sheer amount of new drugs we can expect to hit the markets this year. 2018 was a record year for new drug approvals, but I expect 2019 to beat that record.
New legislation has cleared the way for faster drug approvals. New drugs, of course, have the highest margins and profitability.
And we’re on the verge of some incredible breakthroughs in immuno and gene therapies.
I’m talking the realistic possibility of curing some of the worst diseases plaguing humankind.
Along with that will come plenty of profits. Get in now or regret it later.
For Technology Profits Daily,
Chief Technology Expert, Technology Profits Daily