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Nick Perry (Schaeffer's Investment Research) submits: I want to turn your attention to the Pharmaceutical HOLDRS (NYSEARCA:PPH) . While I tend to view this as a relatively "dull" group, it did make this week's bottom performing list and the chart is worth noting...

PPH chart

To fully appreciate where this groups sits, you need the monthly view above. The PPH is precariously perched on support zone that it has never violated on monthly closing basis. Granted, this only covers five years or so, but I still thought it was worth noting...

Nick Perry (regressionchannels@sir-inc.com)

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