The markets were essentially flat today and we seem to be going sideways. In my opinion, sideways is bullish as the sellers wont sell and the buyers are ready to hurt the shorts. That’s for right now obviously and things can change.
Biotech came back today (IBB), but it does look tired and its getting near the top of the channel. I watch this every minute. We may see a nice correction on biotech soon, or a major breakout, so its a really interesting group to watch.