RCB1229
Short

Technicals versus Policitians

AMEX:XBI   SPDR SERIES TRUST SPDR S&P BIOTECH ETF
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
Comment: 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.

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