Biotech in Trouble?

I was bullish on biotech this summer as you know if you were reading back then. I set an alert on XBI's green trendline with the name "Biotech in Trouble?" It triggered near the close today. It's weakness strikes me as bearish and a follow-through on weakness would be bearish in general since this is one of the better performing rally sectors. Conversely, IBB the large-cap biotech still has an inverse H&S pattern going. Since XBI is more volatile nd smaller market cap, I view it as signaling market weakness. I also included large cap pahrma (IHE), small cap (XPH). medical devices (IHI), providers (IHF)

and the overall healthcare sector (XLV).

He Bought the Pharma

I was looking for cheap stocks this weekend and a lot of pharma names came up. The sector charts don't look good though. Yet another crash or rally point. IHE ios large cap, XPH mid and small cap.

Pharma Taking Downers

Pharma is cheap relative to the overall market, and also hitting relative lows versus the healthcare sector. XPH is a mid cap pharma ETF, IHE a large cap.