I think we are clearly in what sort of looks like a bottoming process but one that seems like it will be quite messy. The sector continues to be unable to generate consistently strong days but at least yesterday ended up not being a disaster. While continuation would have been great, it did not breakdown […]
January 29th Biotech Update
Yesterday was interesting and today it seems to have settled down a little. As I noted all week this was going to cause some volatility in the market and it has. I am still not sure if the supposed rise of reddit finance (so to speak) changes the market in any way. It could very […]
December 29th Biotech Update
So this is generally a seasonally good time of the year and the broader market is showing that but the biotech sector is now a noticeable laggard. All time highs are being printed and the sector is deep in the red. Is this a major signal? Perhaps but I also can easily argue that this […]
December 28th Biotech Update
As expected the news is slowing down and there is not a ton of news to talk about today if there is really anything news worthy. Given the lack of news I suspect that the sector and markets will continue the low volume seasonal trade, which means a bullish bias. Perhaps there is an added […]
November 30th Biotech Update
As I have said there will be a tug of war in the market and so far vaccine hopes and seasonality are winning over the growing pandemic. One really has to worry about an out of control pandemic combined with a holiday season but the market is not quite ready to worry about it. I […]
November 23 Biotech Update
The market dynamics remain the same. We are entering what tends to be a seasonally positive period of the year, which might add some tailwind to the broader market. While I still think the market is going to focus on the prospects of the vaccine coming next year as opposed to the out of control […]
APLIF – Appili Therapeutics and Avigan the Antiviral Pill to Treat Coronavirus
Canada TSX: APLI, US OTC: APLIF Recent vaccine news from Pfizer (PFE) and Moderna (MRNA) provide some optimism to a world suffering from disease, death, and lockdown, and desperately looking for a solution to the COVID-19 pandemic for a return to normal life and work. Safe and effective vaccines will help contain the spread of […]
November 16th Biotech Update
Another start to the week with some more vaccine announcements (positive). It was good to see more positive vaccine data but it does not change the dynamic that I see with the market. There appears to be a real light at the end of the tunnel but the path to the end will be very […]
August 26th Biotech Update
I thought Laura was going to completely miss us but we probably get tropical storm for winds from it tonight. Will not cause serious damage but might be enough to knock out power for a couple days. So if you do not see me write for a couple days you know why. In any case, […]
July 15th Biotech Update
I think it is clear now that it was COVID that worried the market earlier this week. The reaction to the vaccine news has been pretty clear and positive. While it is possible that the market would have had a similar reaction if the selloff was China driven, it seems more likely that worries about […]
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 15th Biotech Update
I figured the sector was hoping for a merger Monday to really continue the push from Friday. Instead we got a Moderna Monday that is pushing not just the sector but the market. There is really not much more news that I can tell but the ultimately it looks like the old resistance level on […]
April 29th Biotech Update
Yesterday was a retracement day and seemed almost like a rotation out of what was working (biotech) into lagging sectors (banking). Given the strength in the sector it should be able to handle the retracement before continuing the move higher. The only worry is the XBI compared to the IBB. The IBB had made new […]
April 17th Biotech (and some MLP) Update
It took the whole week but perhaps we are finally get the move out the of range. I say maybe even though we are having a strong move on what could be good fundamental macro news. That being said I would not assume that this is real until we see the close. It would certainly […]
January 22 Biotech Update
I think the trading context for the near term is basically set. We have a potential macro scare with the Wuhan coronavirus, earnings, and the sector trading just below breakout levels. Lurking in the background is the democratic primaries, which could influence trading (Sanders and Warren bad for biotech, others good for biotech—or that is […]
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 […]
