Big whoop, we lost about 25 handles last week from open to close on the $SPX. Hardly a disaster, but at points it did look bit iffy. When the dust settled, all the indices with the exception of the Russell 2000 had taken back their 50 day moving averages. Yawn. The week tested the mettle of some stocks, but the greatest “risk on” sector, biotech, NEVER even broke its 20 day moving average. Leaders in the group like $CELG, $AMGN and $GILD still sport incredibly bullish patterns. A stock that I own and love , $AGIO exploded higher. Money still wants this group. Below are some biotechs that will be presenting at the Leerink Swan rare disease conference on Tuesday: $IBB