Taking Profits (IBB) – July 16th, 2020

DailyPlay Positions Outlook:

Markets have now pushed back above the major $317 resistance level on optimism of a COVID-19 vaccine from Moderna in 2020. As more than half a dozen companies race to complete large scale human trials, markets are pricing in a resumption to normal faster than expected. As market remain below a key $323 resistance level, we use this opportunity to take profits on our IBB position. 

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DailyPlay Trades & Performance

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