We are now ramping up the news with the peak coming Monday. Not many deals announced so far and I suspect we need more for us to get a decent rally next week but it is still early in the JPM news cycle. That being said if Monday morning arrives without more deals (and larger […]
January 6 Biotech Update
I am glad to be back and will be in my usual daily update routine for the foreseeable future. I did not miss a ton of news but we certainly will have some soon enough with JPM next week. Before I left the sector was in a clear uptrend that was unbroken and I noted […]
December 17th Biotech Update
It seems like we are getting into the slow part of the holiday season. News is slowing down as is the trading volume. I suspect we get less and less news as it gets held for JPM (if possible). It would not necessarily be bad for the sector to churn at these levels to build […]
September 16 Biotech Update
It is looking like a macro week, although this could resolve itself fairly quickly. The attacks on the ARAMCO production facility is likely to have long term effects on oil but whether or not this leads to a broader conflict should be decided in a couple of days. Obviously there will be some response but […]
September 4th Biotech Update
The sector is in an odd spot. It seems to be right under a major support but has not quite broken down. I suspect we cannot remain at these levels for much longer, although we twice went down to the $78 level on the XBI. Given that the $78 twice was tested and held that […]
August 23 Biotech Update
So the sector feels a lot worse than the chart indicates. We are right around support at $80 and that seems to have been holding. We are approaching, however, a decision point. We can break below what is support for a leg down or break out of the downward trending making that look like a […]
August 16th Biotech Update
So far the week is ending on a positive note but it is early but not surprising that we see some sort of bounce in the market. I sort of wonder how the trading ends the day as it will send a stronger signal than how trading starts. We have seen a lot of macro […]
July 22 Biotech Update
It is generally a good start to the week for the sector with a slight outperformance of the broader markets but only marginally so (and it remains early). We are getting into earnigns season but this seems increasingly less important for large caps given the lack of growth. There is no new launch that is […]
June 27 Biotech Update
A good start to the morning for the sector, although it seems mostly in line with the broader markets. Given the performance the past couple days, however, I am happy to see it up with the broader markets, especially given that lack of any real news (although we are still potentially in the glow of […]
June 25 Biotech Update
So that was unexpected. First, the market is down and sector is higher. Second, we got another large merger to digest. Obviously I will focus on the deal and its implications. 1. I need to go back and listen the conference call so there might be some additional insight later this week but this deal […]
June 20th Biotech Update
The sector continues to do well but we may have some additional macro coming with the Iran downing of an American drone in international waters. The market does not seem too upset yet with the situation but that could switch pretty quickly. We are entering a pretty slow time for the market so a not […]
June 18th Biotech Update
We got a very nice follow through during the day yesterday for the sector. That is exactly what you wanted to see and ideally it continues for the next couple days. We certainly do not need it to be as strong as it was yesterday but we need to break the strong day followed immediately […]
June 13 Biotech Update
I am back but honestly we are entering the summer quite period with little news to drive the sector higher or lower. We did get a break from the macro, which gave an interesting view of the underlying trends in the sector but outside of that it is low volume summer trading. Of course, macro […]
April 30 Biotech Update
The sector remains in a rut. The market is doing well with the bio-pharma the clear laggard. While the mania over the medicare for all worry seems to have abated, the sector clearly did not bounce back. It stopped the free fall but we are still well below the pre-mania levels. So what can we […]
April 15 Biotech Update
Certainly an interesting start to the week. In terms of the broader sector, I suspect that we have a positive week as we are in the area where a bounce would be expected with the current trend. If we continue to have underperformance and a negative week, then we need to start thinking more about […]
March 27 Biotech Update
Yesterday was a nice little rally in the sector, which given the sharp pullback was not completely unexpected. The more interesting question is whether that rally can be built upon over the next couple days. The sentiment from Friday and Monday was so negative that many are likely expecting more selling. That is certainly possible […]
December 13 Biotech Update
Not a ton of news as the year closes down. It seems like the market wants to whiplash investors as we bounce around with no clear trends. It does not matter how strong or weak a day is as it seems to have no impact on trading the next day. We should be approaching a […]
December 11 Biotech Update
The market did a lot better to start the week than I would have thought and that strength continues today. At this point, I think everyone does not really trust the market (I fall in that camp) but does that mean then that the sellers on this pop get burned? Everyone expects the move higher […]
December 7 Biotech Update
The market can always surprise and I was surprised yesterday with the sector strength. The broader market did better than I expected but the sector clearly outperformed. It is only a day but if we see continued strength today then one has to read these days as a strong signal in the near term. I […]
