123Tom's TA study group

[Citrati]

AVXL question for Tom or anyone else.
IBB is in a precarious spot and looks weak.
http://stockcharts.com/h-sc/ui?s=IBB&p=D&yr=0&mn=4&dy=0&id=p40549456880
LABD continues to strengthen and looks to fill the upside gap.
http://stockcharts.com/h-sc/ui?s=LABD&p=D&yr=0&mn=4&dy=0&id=p82214260118
AVXL has held pretty well, but 2 week price trend is down and indicators increasingly negative.
http://stockcharts.com/h-sc/ui?s=LABD&p=D&yr=0&mn=4&dy=0&id=p82214260118

Conclusion: General market is very close if not already rolling over from its recent climb. Without an external event the chart will rule IMO. This will be a huge drag on AVXL (all bios) and depending on market retrace could bring about a testing of lower prices maybe even the unfilled gap area. This and AVXL's continued inability to sustain an upward trend is why I think the odds greatly favor a down scenario for AVXL.

Could there be an event for AVXL significant enough to provide counter market movement?

Those wishing to to agree or disagree as to my market or AVXL conclusion please do so.

Wish all a GREEN and prosperous 2017.