Have you heard interest rates are supposed to come down as soon as this month? I’m sure you have, and I’m sure your twitter timeline if full of monetary policy experts. People are excited for rate cuts, but I’m more so interested as to how I can profit from this highly anticipated event. The best opportunity I’m seeing is in biotech stocks. This industry has been heavily beaten down but there are some great looking setups beneath the surface. The Equally Weighted Biotech ETF $XBI ( ▲ 1.92% ) broke above a key confluence level this past week, and I think it’s time to go fishing in the biotech pond.

The Charts

These are my favorite setups within the biotech space.

Conclusion

Biotech is an area that’s starting to catch rotation as more news of interest rate cuts come forward. There’s tons of great bases and as much as I want to be Ash Ketchum, I can’t catch them all. Which ones were your favorites? Feel free to reach out and let me know your thoughts. As always, thanks for taking the time out of your day to read, and blessings to all!

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