The SPDR S&P Biotech (XBI) has been consolidating in a tight range at the highs the past few weeks. XBI could pull back in to support this week and present us with a low risk entry point if it holds support of the 20-day EMA. On the weekly chart below, the SPDR S&P Homebuilders (XHB) has formed a 14-week consolidation just below the 52-week high. There are two potential entry points. One is on a breakout above $22.00 and the other is on a pullback to the 21.20 – 21.30 area (the 20-day EMA on the daily chart).