I mentioned in my Weekend Observations post that I’m stalking biotech. XBI is getting stretched, in my opinion. The red box is the resistance box. That resistance level doesn’t look THAT hefty on XBI, but at a stretched RSI, I think it could hold. Also if you look at an IBB chart, the equivalent resistance area is much heftier looking. I’m willing to *START* buying LABD when XBI gets over $85.00. I’ll keep adding if it’s able to climb higher. I’ll stop myself out if XBI closes above $86.90.