Monday, July 24, 2006

Big Cap Pharma - It's About Time

Looks like the big cap pharmas are emerging as the new leadership group. Many of the pharmas broke above their 200 day moving average on very strong volume. We had very good earning reports from Pfizer (Ticker: PFE), Merck (Ticker: MRK) and Schering-Plough (Ticker: SGP). Pfizer, Merck and Schering-Plough rallied over 4% today on strong volume.

I did a quick comparison of the pharma (Ticker: PPH) vs biotech (Ticker: BBH) ETFs. As you can see, a picture speaks a thousand words. Pharmas are the leader and the biotechs are lagging behind. I would start backing up the truck in the big cap pharmas.

2 Comments:

At July 30, 2006, Anonymous Anonymous said...

I've moved my blog Investing Guide to the URL investorloi.com

Could you change the the URL for Investing Guide?

Thank you,
Loi Tran

 
At July 31, 2006, Blogger Money Turtle said...

Yep, it's done.

 

Post a Comment

<< Home