A pretty good week all things considered. Certainly a move higher this week (assuming we do not give it all back today but it does not seem that will happen). I would not say that we are in an uptrend but have moved to the upper end of what looks to be a range. I […]
September 24th Biotech Update
We are hanging out at levels that should be support. Perhaps the Chinese stimulus will be a risk on sort of trigger that is enough to keep the sector above the support. I do not think that we need to accelerate higher but simply bounce from these levels even if it is a slow grind […]
June 28th Biotech Update
Not a bad week nor a great week for the sector. It would have been nice to see the sector set a new high but we did get a nice bounce from support. The XBI is going to be interesting to follow going forward because they have changed the composition to have more large caps. […]
April 14th Biotech Update
A sleepy week sort of flipped in one day with both drama and action. We have pushed right up to the $80 level in the XBI which could act as some resistance but it will be interesting to see if the strength of yesterday can push through. From the bullish perspective, the ideal scenario would […]
December 16 Biotech Update
We have a decent news morning but I want to focus on three and can do so with a Western theme: the good, the bad, and the ugly. 1. The good: Clearly this is AMRN. We got an early Christmas present with an expanded label. They did not get the primary prevention but also seemed […]
November 6 Biotech Update
We remain in what seems like the trend. Day three of the pullbacks tends to be when we restart the move higher but yesterday ended marginally green instead of red so it is not completely predictable. In any case, we are getting close to what should be the higher low and expect a reversal today […]
