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.

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past