XBI trend is bearish with lower highs/lows and broken support; potential drop to 146.5-147 in coming week means no rush to buy.

A name, or perhaps more of a sector I know you often look at; You have given us a few great individual names. I know you mentioned the ETF, and that is biotech. There are many names here that you have mentioned for swing trades and the like.

You gave us a few . I believe that even CRISPR and that sort of thing are names you have given us. Maybe I'm wrong, but what about the XBI today?

But take a look at the XBI below. I think this ETF is really good. Of course, it takes another 3% hit, while a stock like Eli Lilly gets through the day fairly flat. Merck, and a number of these large biotech companies.

Um XBI, I'm tempted to buy it here. What do your charts tell you at the moment about this ETF in a sector that I think is really good from a macro perspective?

I think you can be patient here. Probably, you know, in the coming week or so, it seems plausible to me that it will drop further towards the anchor point of the low in April. And that would bring it here to about 146 and a half, 147.

So we are, you know, back below the declining 5- day moving average, the 20-day is dropping, the 50-day, you know , the 20-day is below the 50- day. So I don't think there is any real rush.

The trend lately has been this pattern of lower highs and lower lows. And we have just collapsed through this support. It will have to get back above 150, whatever exactly it is.

Let's say 154 to become neutral in the medium term. So I see no great rush to get on board, Sean.