Friday, April 29, 2016 1:09:05 PM
XBI on its fifth straight red day. Where is support? The 26dma? the 50dma? Or will the markets badly fall down in a "sell in May, go away" phenomenon and XBI revists lows in the $40s?
One would think the weak USD (threatening to fall further...) would be giving the markets a lift. Maybe it's only providing weak support for markets and if it rises back up to 94 the markets will fall...
One would think the weak USD (threatening to fall further...) would be giving the markets a lift. Maybe it's only providing weak support for markets and if it rises back up to 94 the markets will fall...
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