On the way back from my Mexico cruise and there is nothing I like about any of the BioTech charts (IBB, XBI, LABU, take your pick). I started shorting the sector with BIS when it found resistance at the 150ema. I did take some nice profits early but quickly reloaded when IBB could not seem to bounce.

My charts show that BioTechs will likely lead the rest of the market into the next 5-6 Month Intermediate Cycle low, which I am still expecting in the late June to Mid-July timeframe.

Screenshot 2016-06-17 14.43.37