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Well the news of the morning is Apple’s big upside move, very impressive. From a bigger picture perspective, I believe the “Leader of the Pack” that seems to remain impacting the broad markets is the Bio Tech sector.
Bio Tech ETF (XBI) created a bullish wick at rising channel support last week and now could be creating a bearish wick at the Fib 38% retracement level.
The week is not over, lets see where this leader stands at tomorrow nights close, could be VERY important IMHO.