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Biotech Breakout a big positive for Healthcare

Gm-  some minor backing and filling after yesterdays's gains with S&P giving back around 1/3 of yesterday's gains, down 0.30% while most of Europe also lower fractionallly despite good economic data.  Trends remain lower from early August but the bump in the last few days should have further to run before the trend turns down. so minor weakness today should be buyable unless pullbacks get under 2430 which could result in a test and retest of prior lows.   For today.  2438 up to 2441 could provide support for today and a bounce in the days ahead into end of month- Key developments for yesterday revolved largely around Healhcare, with Biotech breaking out along with good action in Technology which also seems likely to outperform in the near-term given Semi strength-  Outside of equities.. Euro has moved back up to near highs of the last few days and seems apt to push up to 1.1950 to 1.20 as the Dollar weakens while Treasury yields also are giving back the gains from yesterday-  Much of this still supports the Metals trade and EM in the short run-   Today's Premkt gainers:  PRTK, EXPR, CGG, HMY, while on downside: CREE LOW, LZB-  Let me know if you have any questions

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