I suspect that the sector could be on pace to a nice recovery this week. Vivek comments this weekend and the FDA commissioner nominee may has allayed some concerns about the incoming administration and their relationship with the sector. I am not completely convinced about anything at this point but what I see it is […]
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 […]
August 27th Biotech Update
Still not a lot of news in the sector. The XBI basically pushed up to the upper end of the range and is now pausing/retracing. The question is what happens after the pause? Is it a pause that refreshes and allows for a breakout or is it the start of the retracement to the lower […]
