The biotechs were active today,  but unfortunately the price action for most stocks was too inconsistent for us to manage to hold positions for long. This has been the case of the last few days, primarily due to the uncertainty about Turkey it seems. There were some notable bullish trends, such as BMY, AMGNWealth Strength IndexAMGN is Moderately Flat and trending Down, and BHC. But I also want to discuss Facebook (FBWealth Strength IndexFB is Moderately Flat and trending Up). Although it isn’t a biotech or healthcare stock, it did provide a great example today of what we look for in market trends. And it also provides a cautionary background that I think every social media company should keep in mind.