Cure ETF – Buy

CURE:AXW is under Algo Engine buy conditions and the current pullback provides another buying opportunity.

ETFS S&P Biotech ETF (ASX Code: CURE) offers investors exposure to U.S. biotechnology companies. These companies are engaged in research, development, manufacturing and/or marketing of products based on genetic analysis and genetic engineering.

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Iron Ore Down 20%

Iron Ore prices are now down 20% from the May peak of US$230 p/t, with the overnight close at US$180 p/t.

We expect buying support to build within the US$150 – US$180 price range. This will provide an entry-level to add to BHP and FMG.

Watch for RIO to soon shift to Algo Engine buy signals.