‘Biotech’ Archive

Biotech breakdown anything to respect? Something going wrong in the lab?

02/21/2012, filed under Biotech, S&P 500; 1 Comment.

CLICK ON CHART TO ENLARGE Since the October broad market lows, XBI is up almost twice as much as the 500 Index. In the past when the Biotech ETf (XBI) broke below rising support it seems like the S&P 500 followed its path in short order. Is the breakdown in XBI something to respect this time [...]