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Strategies & Market Trends : General market lab and commentary

SPY 681.44

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Nov 10 4:00 PM EST

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From: Robohogs	5/21/2016 3:49:42 AM
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Biotechs (using BTK over last 15-16 years) Biotechs have historically outsized returns from now through June 5. Average daily gain in May is typically 9-10 bps. The average from May 23 to month-end is 18 bps however with Monday being one of the worst days of the month though only up 1 in 3 days and home to a 7% crash in the past. The first 5 days in June average 47 bps vs. only 7 bps overall in June That means the rest of June is down on average on a daily basis Only 50% of rest of May days are up however on average (vs. 50.3% overall for May) and 55% are up in early June vs. 50.7% for month. June gets good again only late in month from June 24-28 63% of days in that period are higher which is high for whatever reason for bios. Only 52% of biotech days overall are up And that is in last 15-16 years of a bull mkt for bios 3:4 The main issue is that there three bear periods in there eating up 5-7 years depending on how you define it (2000-2003, 2008-20099, 2015-2016)

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