LABD, the 3x inverse ETF of LABU is showing a break above previous highs on the weekly chart. I expect continues move higher. General markets are consolidating which should add to further pressure on the IBB. 1st target $6.
Looking at the Pharma sector. The inverse fund LABD looks to be coming off a double bottom. THe TSI looks to be crossing and moving higher. The RSI is moving from oversold higher. IF the general markets are setting up for a sell off (I think they are) then this could be a real good play.