WIth Warren and Bernie fading a bit, Bio/health have jumped nicely. Too much too soon IMO, at the minimum a short term pull back is coming. I am hoping we can become more range bound in the technicals and return to cyclical trading between 78 and 87, this type of cycle is great IBB and XBI, however getting caught when it breaks down can hurt! I use XBI has my measure, but trade LABU and LABD.
**Short XBI via LABD
**Short XBI via LABD
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Woof... swing and a miss! Tough position to play now, my only continued short argument would be the to much too fast... M&A is dominating this position along with lackluster performance by the US Socialist movement.