I know sentiment is not great in the sector but honestly if you take a step back we still remain rangebound. I know there are red hot sectors in the market, but it seems increasingly narrow set of stocks that are the beneficiaries. You just need to compare the NASDAQ with the DOW to see […]
December 12th Biotech Update
Let me know if you heard this before? We seem to be in a range bound market with the sector and appear to be lagging the broader markets. We are still waiting for a big pick up in news and, in particular, M&A. It seems that most people are using the sector more as a […]
November 8th Biotech Update
Hopefully we are on the verge of breaking out and it would be a nice end to the week to see a clear move higher above the range. I still think we really need to see more M&A to really create a clean breakout but I think the expectations seems to be that that is […]
November 7th Biotech Update
We got a clear result from the election and it seems clear (at least initially) that the market approves. I would not say that there is a clear breakout for the sector but we are at the area where one can start thinking that it is breaking out. I still think RFK could be an […]
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 […]
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 […]
July 2nd Biotech Update
It was a good start to yesterday morning but we got weaker as the day went on. I still think the sector is not in a bad position but I do not like to see the strength in the morning and weakness as the day went on. It is only one day and the volume […]
June 17th Biotech Update
It was not the best end to the week but taking a step back and looking at the sector, it does not look bad. There seems to be a little trend forming and assuming that we can bounce and move higher this week, it will strengthen that look in the chart. We are in a […]
June 3rd Biotech Update
We are sort of hanging out at these levels. Perhaps we have a modest little downtrend but I sort of see the sector more in a holding pattern more than anything else. I know we are waiting for inflation and rates to move down and our expectations are that it helps the sector. What if […]
February 16th Biotech Update
We seem to have quickly moved on from the rate and CPI scare. The sector bounced back from what looked to be the bottom of a range to the upper end of a range. I went from paying attention to $86 for a breakdown to now the $94.40 range for a potential breakout. I am […]
February 12th Biotech Update
I feel like the sector is in a better place to start this week than the start of last week. I have been thinking that we are closer to the end of the consolidation than the beginning and the trading last week reinforced that view. If we can build on that move early this week, […]
February 8th Biotech Update
Still in the choppy sort of market but we are at least holding up. I understand the annoyance that the broader market is doing well and the sector is really lagging from relative sense but when the sector runs it will make up a lot of this underperformance. January was a massive month for follow […]
January 22nd Biotech Update
My call of post-JPM weakness has been accurate and while expected, it is not a great feeling especially with the broader market doing so well. I think we are in a zone where we could find some support, but I am not convinced that this is the level from which we bounce. The post-JPM weakness […]
November 29th Biotech Update
Not the greatest start to the week but also not the worst. No significant green bars but we also seem to have hit some area of support each day and rallied. As long as that trend is maintained this is not a bad situation. One could be looking at the development of support at these […]
November 9th Biotech Update
Is this a week of consolidation or the new high to be followed by a lower low? We have broken the clear trend lower that had been operating for the past 6 months but only marginally so. One could look at the chart and still see a basic downtrend as we made our way to […]
October 18th Biotech Update
I am back and I am not sure if everyone should be happy or sad. There was a significant selloff while I was away but the past couple of days have had a nice bounce. I honestly feel a little better with the sector right now (as I will explain below) but we have neither […]
September 19th Biotech Update
The sector is not looking that great. We are at the level that could have been the support for a range bound market but we are marginally below it. It makes me think that we are heading down to the $72.5 area but the move has been more or less straight down and so are […]
September 5th Biotech Update
I think we are finally out of the riskiest area and are setting up a potential to break the downtrend. I think trading on Friday broke the clear downtrend, but we probably want to see more before declaring it over. Of course, not having the downtrend is different than having an established uptrend. It would […]
August 17th Biotech Update
Well, the lower low seems to have been put into place as the sector is acting pretty heavy, which is no surprising given that the broader market appears weak as well. I think we end up get to the 52-week low area for the sector (around 72 on the XBI) before we likely get real […]
July 25th Biotech Update
The sector has me worried a little as it is holding up but cannot follow the market higher. There has been real strength in the broader market but the sector has barely been able to eke out anything. What happens when we get a broader market correction? In some ways, the sector is perhaps next […]
