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BABA Hangover: Stock Sell-Off Continues

Stocks Hit Session Lows at 1P EDT with NASDAQ Down 1.35%, QQQ down 1.35% Bad news from usual suspects drive profit taking: Ukraine, Ebola, China, Hong Kong, South America and Europe Stocks remain in a risk-off mode with choppy action throughout September despite numerous rallies. The S&P hit new highs in mid- September up almost […]

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Rayno Life Science Stocks: Be An Investor Not A Trader…Update-1

Update-1 …After 1.94% NASDAQ Sell-Off All three market indices got crushed today with a downdraft attributed to ending of QE, rising i rates in 2015, a rising dollar and just plain profit taking. A 3.8% hit on Apple (AAPL) did not help support the QQQ which also holds many large cap biotech stocks.The healthcare sector […]

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BABA Open Indication at $92-93: NASDAQ In RED… Update-1

Alibaba Should Open by 12 N EDT at $92.70, well above $68 IPO Price Price Discovery Underway with Trades moving toward $100 but now selling off to $93 up 36%. Alibaba (BABA) group may be sucking up a lot of cash from NASDAQ trades even with a option expiration. Money keeps flowing in as NYSE […]

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FED Day No Change-Business As Usual… Update-2…9/30 Deflation?

Deflationary Signals or Just A Strong Dollar? Commodity stocks are getting crushed due to the strong dollar. Look at the XLE energy ETF down 10% from June highs when Middle East concerns were rising. Crude prices of course have also been crushed by the US shale play reducing the need for US imports.  Also look […]

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Rayno Life Science Stocks: Stealth Rally Ignited By Apple..Update 1

Update -1 Choppy Market Continues..Faux Rally on Wednesday? NASDAQ at 4561 Down 0.66% 1-Reiterate profit taking in Achillion (ACHN), Exact Sciences (EXAS) and  Illumina (ILMN). 2-XBI treading water at 160 since August 26. Bull market intact. 3-Recent early August new buys ran up then fell back: CLDX, KPTI and PACB. 4-ACHN momentum is easing at […]

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Biotech Sell-Off On Profit Taking : September Is Here… Update 9/9

Update-1 …Market Continues Sell-Off With QQQs Treading Water in September Follow Technicals on FBT and QQQ. The Federal Reserve continues to be the main concern of investors as the probability of a rate hike looms greater and sooner. Policy officials will meet next week. The Apple (AAPL) rally was whacked after being up over 4% […]

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