| Biotechs Weekly Biotechs have been taken out to the woodshed ever since July of 2015. The reasons are numerous from Activist' disagreement (Valeant), overvaluation, & even negative political targeting by both parties. Regardless, the $XBI looks to be acting healthier & to have formed a bottom on the weekly chart above. A close above $61 will pique my interest into starting a position. |
| Utilities Weekly Utilities have seen the best sector performance of 2016 with a 19.8% increase. They have come in some on the weekly chart above & the $XLU is testing it's 10 Week Moving Average. It has held this line well in its run up in 2016. I'll be watching closely for a close above $51.25 on Friday to put on a position. |
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