A pretty good week all things considered. Certainly a move higher this week (assuming we do not give it all back today but it does not seem that will happen). I would not say that we are in an uptrend but have moved to the upper end of what looks to be a range. I […]
October 15th Biotech Update
A good start to the week that we should ideally build upon. We are certainly heading to a period of strength for the sector (or at least should be). It was the last quarter of last year in which we got all of the gains for the year. It is setting up to be that […]
October 11th Biotech Update
Hopefully we can end the week on a high note both figuratively and literally. I still think that we probably need M&A to pick up for the sector to really catch a bid. I do not think we necessarily move lower but it really is time for some deals. Of course, the Fed was a […]
October 10th, Biotech Update
We certainly seem to be setting up a range bound market instead of that uptrend that I ideally thought could develop. While not the best case scenario, it is also not the worst case. I think the lack of news and M&A might be stalling the market and perhaps we need the return of deals […]
October 7th Biotech Update
Perhaps we are trying to setup a higher low but the sector seems to be struggling a little to get a lot of traction. I do not worry too much about it as long as the recent low holds but we have been hanging out at these levels for a little too long for complete […]
September 30th Biotech Update
We are at a place where we should bounce and we did get a nice little rally to start the morning (after starting lower). Ideally that should be built upon today and later in the week. The goal would obviously be to put in a higher low and then use that move to a higher […]
September 24th Biotech Update
We are hanging out at levels that should be support. Perhaps the Chinese stimulus will be a risk on sort of trigger that is enough to keep the sector above the support. I do not think that we need to accelerate higher but simply bounce from these levels even if it is a slow grind […]
September 23rd Biotech Update
Not the best start to the week but like I said I think we need a positive catalyst (like M&A) to really move above the resistance. That being said this is a pretty bad day with broad weakness. I think what we are looking for now is setting a higher low and we are in […]
September 20th Biotech Update
Well, we got our rate cut but the sector did not take off. Is that a reason to worry? Not really. Remember that expectations were for a cut and even 1 50 basis point cut and so most of this was probably already priced into the sector and stocks. I think there would have been […]
September 17th Biotech Update
The sector is doing well and I think we are setting up for another strong Q4 (which seems a lot like last year, where got a nice strong move higher to end the year). I think the interest rates are going to now be a tailwind but more importantly, I think we are going to […]
September 11th Biotech Update
The sector seems to be recovering, which is good. I do sort of wonder if we end up rangebound until the election. That being said, neither candidate is particularly positive towards the sector. There is the assumption that Republicans will be more pro-business but the populist nature of Trump leads him to be closer to […]
September 9th Biotech Update
September started off pretty weak but this has always been a difficult month for the markets. I do not really see this as a change in the market and more as a consolidation. Of course, there is only so much the market can decline before it becomes something more but at this point, I would […]
August 28th Biotech Update
Moving is a pain, but unpacking is agony. LOL. The market and sector, however, look a lot better than my house. While there has been a little pullback, I really see it more as the pullback that refreshes the move higher as opposed to a sign that something is wrong in the sector. Obviously, it […]
August 22nd Biotech Update
I suspected that we would have paused this week but the sector has had a nice continuation this week despite hitting what I thought would have been natural resistance. That is a nice sign of strength but I still think the sector is a little extended in the immediate term and likely needs a to […]
August 20th Biotech Update
Well, I did not think my return would be celebrated so much by the sector. All kidding aside, it was quite a nice day yesterday and I am a little surprised that we did not have more resistance at the $98 levels. We did spend a couple of days bouncing against those levels but I […]
August 19th Biotech Update
I am moved and have a setup where I can do some work. Still have a lot of unpacking and work to do but time to look back at the market and see what has been happening. It looks like we have climbed up to some resistance. We appear to have had a nice little […]
August 7th Biotech Update
I sort of wonder if we have tested support with the recent selling and now are going to move higher. While the selling was related to fears over the economy, I also read that a large portion could be related to the surprise rate high in Japan that setoff a large unwinding of the Japanese […]
August 6th Biotech Update
Well, it looks like there is a fine line between the economy slowing enough to cause rates to go down and the economy slowing so much that the market has a growth panic and has a massive sell off. Obviously, nothing does well in a risk off panic selling and while the sector has been […]
August 1st Biotech Update
I thought we had a chance yesterday to really challenge the highs for the sector but we ended up pulling back. It seems like we are a lot closer to rate cuts than we have been in a long while. I do not think that anyone would be surprised to see a rate cut in […]
July 31st Biotech Update
I am in the middle of moving cross country and so will be hit and miss for the next month or so. I am back for a little bit but also have to catch up on earnings and news. I will try and take it in bits and pieces as opposed to doing it all […]
