Biotech ETF XBI continues strong

Biotech ETF XBI (and IBB) recently began showing relative strength versus the broad US market.

It now has one of the strongest 6-month charts of any industry group.

 

Biotech ETF XBI showing strength among major industry groups

 

On the other hand, our global algorithm picked out a stinker – the Philippines ETF (EPHE).  After a great start to 2016, it has done very poorly relative to other world markets over the last couple of months.

 

ephe-092716

 

If global investing is your shtick, you may want to look elsewhere.

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