Biotechnology & Health Care Stocks & ETFs Continue To Lead The Stock Market Higher

Biotechnology and health care stocks and ETFs continue to lead the market.  This is becoming a dominant theme within the broad technology sector.  It is likely that health care and biotechnology stocks continue to grow in relative market cap weight in the major US indices (i.e. NASDAQ 100 & S&P 500).

Amgen Breaks Out Of Very Long Term Base Pattern

Amgen is an extremely interesting company in an extremely interesting position.  They are one of the largest manufacturers of biologic pharmaceuticals in the world.  The market for this type of pharmacotherapy is expanding exponentially.  From a technical perspective, Amgen has a very bullish price chart.  It has broken out of a multi year period of price consolidation that has lasted approximately 11 years.  This uptrend could last a decade or more...

Biotechnology Mega Cap Stocks 5 Year Chart Comparison

Biotechnology is leading the way forward for the NASDAQ.  AMGN, CELG and GILD are the biotech mega cap leaders.