We are not starting the week with new M&A but we are starting the week with strong momentum both with the sector and the broader market. Of course, very strong broader markets have not necessarily been great in recent weeks for the sector but there is certainly a chance that we break to new highs. […]
October 8th Biotech Update
We are setting a trend higher in the sector with higher highs and higher lows. What is actually interesting is that we are getting this new trend higher and have not had back to back green days since the middle of September. We have alternated red and green since mid-September and despite that back and […]
October 5th Biotech Update
A good start to the week as I think the broader markets are having a relief rally given that Trump appears on the road to recovery even if his disease was more severe than presented. Obviously the next couple days remain critical, there does not seem to be an imminent threat of significant worsening so […]
October 2nd Biotech Update
I have had a busy morning but wanted to get some note out today albeit it short as there is not a lot of sector specific news. That being said there is quite important news that very likely will have impacts on the sector and the broader market. I think the market is still trying […]
September 30th Biotech Update
Given the importance of the election in terms of the market, one would have expected that the debate last night would have an impact on the market. I have no idea how to interpret what happened last night in terms of who won or what they would actually do if elected. The markets last night […]
September 23 Biotech Update
We could be setting ourselves up for moving to a higher high with the reversal yesterday. While it certainly seems possible, this would also be the potential start of a new trend so I would be cautious in putting too much stock in it until we see some real confirmation. In this case it would […]
August 25th Biotech Update
I am not sure what God I have angered but this week started out with the potential of two hurricanes to hit my but so far I have dodge one (and good shot for the second to miss). The market generally had a good start to the week but the sector not so much. To […]
August 19th Biotech Update
This has been quite the week with it starting by me stepping in dog vomit and then two days of outage of TD Ameritrade and not with that sorted out we get double CRLs for drugs that most probably thought would get approved. The XBI is more resilient to the new and stronger FDA than […]
August 6th Biotech Update
The sector came close to getting above recent highs but seemed to touch them and then pullback. It was not necessarily a bad day for the sector but also did not quite break the potential downtrend. There seems to be some positive news last night and this morning, so perhaps that will be enough to […]
June 26th Biotech Update
The sector remains strong with a green day yesterday as well as a relative outperformance to the broader market. I guess COVID will not matter until it does but I remain worried that it is only a matter of time before case growth (and like deaths) become too high to ignore. This morning we seem […]
June 4th Biotech (and MLP) Update
I would like to say something really interesting is happening in the sector or there is some great opportunity but the fundamental news is sort of like the sector- flat. It seems to me there is a dual whammy hitting the sector that is acting as some headwinds that are holding it back. First, MRNA […]
June 2 Biotech Update
The market held up well yesterday and so far this morning. Perhaps I am alone in finding this an odd strength given all the issues and it leads to the question of who is buying the market at these level and fundamental context? Long term value investors? Unlikely as we know Buffet is not buying. […]
May 26th Biotech Update
The week is off to an optimistic start and it is not clear to me the exact reason. Perhaps it is more optimism about vaccines or a belief (hope) that the re-opening will not lead to a new spike in cases. We do know that there seems to have been a massive increase in retail […]
May 19th Biotech Update
What kills bulls runs in the sector? News can but the floodgate of secondaries opening is also a sure why these end. Yesterday saw the opening of the secondary window and while the first wave of secondaries does not always kill bull runs, it seems like we are at the beginning of the end. We […]
May 13th Biotech Update
Are we heading to the pullback that confirms the breakout? Perhaps but we could also be in the frustrating the bears phase of the move. Remember that the most common outcome of a market that makes a new all time high is to have another day that makes a marginal new high. In other words, […]
May 11th Biotech Update
We were able to break above resistance last Friday but could not quite close above it and did not get the run on the breakout. This morning the sector is slightly weak as is the general market. It will be a real test of the sector as there is little news to drive it higher […]
April 20th Biotech (and MLP) Update
So it looked like last week finally decided the next move would be higher but this morning we start with some weakness. I would not be surprised, however, to see the market to reverse during the day. I saw an analysis that showed almost all of the downside on the selloff the past couple months […]
March 31st Biotech Update
A decent amount to talk about (some good some not so good). Yesterday I talked a little about the potential for the bottom to be in and data from China is actually supportive of that thesis. The PMI both bounced back in March and were better than expected. To be fair, a positive PMI survey […]
March 27th Biotech Update
Today is going to be an interesting day. The news has not been good this week but the market has had a nice recovery. I would expect that the news does not get any better this week and Boris Johnson has actually tested positive for COVID. We open lower and it seems setup well for […]
March 25th Biotech Update
I am still trying to get setup at home. I order a new desktop because I cannot stand writing on a laptop (I know I am a grumpy old man already). In any case, I will try and get more notes out on this laptop even though it drives me a little crazy typing on […]
