XBI has been super weak lately, and in our earlier decline lead the way down. On the whole I think its a garbage sector RN with the amount of uncertainty in the market and the fed raising rates. The chop it's experienced in the past few months is textbook bearmarket. No one wants it, but everyone's too scared to sell too.
Regardless, technical setup is same as last time. Could run, use the second close below the 10day MA IMO, if it begins to go parabolic, like last time, start trailing with yesterday's low as the hard stop.
Regardless, technical setup is same as last time. Could run, use the second close below the 10day MA IMO, if it begins to go parabolic, like last time, start trailing with yesterday's low as the hard stop.