The sector is teasing us. I thought this week had the potential to see a breakout and we are right at the levels. It would be nice to see a clear move above resistance and then a back test in the next week or two to confirm. We have earnings upcoming and that will either […]
August 10th Biotech Update
Did we have that pullback that refreshed? Sort of. We went down to what was resistance and have bounced but it was a quick little move. In some ways, a move down to the $87 level on the XBI would be the former resistance and I will be really looking to see if we make […]
July 29th Biotech Update
I have had family in town that has changed my schedule and so it has been slow on the updates this week. There is growing optimism in the sector and I suspect that we could outperform the rest of the year. Maybe I am crazy but as long as the fundamentals do not crash in […]
June 7th Biotech Update
I am back from my little vacation and have some catching up to do. The sector seems to be looking for direction as it bounced around from my perspective. I did not follow its movements closely but from the distance of the beach it looks as if the sector has not made a decision to […]
August 17th Biotech Update
Not a lot of news and the sector is in a precarious spot. It had a chance to breakout and start to form a new bull trend but it failed. That failure does not mean a new bear trend but it did mean a test of the recent lows, which is where we are today. […]
