by Raynovich Rod | Aug 27, 2015 | Biopharmaceuticals
Biotech ETFs Rally Back This Week 8/28 After Close The IBB closed at 353.28 up 0.68% and up 3.95% over 5 days. Next week we will provide an analysis of three ETFs -FBT,IBB and XBI- compared to one large fund the Fidelity Select Biotech Portfolio (FBIOX). All of the...
by Raynovich Rod | Aug 24, 2015 | Biopharmaceuticals
Nowhere to Hide in Another 4% Correction 8/25/15 Futures Look Promising at 11p EDT; NIKKEI 225 UP 4.8% Today’s market reached epic proportions of volatility and extremes exacerbated by a DOW opening “flash crash” off 1100 points that distorted faith...
by Raynovich Rod | Aug 21, 2015 | Biopharmaceuticals
At Close: IBB down 2.35% to 342 at May bottom, XBI up 0.64% to 218 —- Two Hours to Go 2:15p EDT, NASDAQ Down 1.79% at 4792, IBB at $349 Biotech Breakdown: Relief Today Or Another Head Fake? Biotech stocks are trying to hold the May lows with the IBB at $342 but...
by Raynovich Rod | Aug 13, 2015 | Biopharmaceuticals
Update-1 August 19… Dawg Days of August Biotech stocks remain weak with momentum plays hit the hardest. The IBB could test the recent bottom of 359 hit on reversal day last Friday and another low on August 7. There is strong support at this level so any...
by Raynovich Rod | Aug 10, 2015 | Biopharmaceuticals
Look For Bottom in Biotech Today after 7-10% Correction from July Highs Update-3… 8/12…Technical Bottom Hit in Biotechs-IBB Up 0.78% Near Close Update-2…8/12…XBI Hits low of $225 today and bounces back-down 10.4% over 5 days. Look for bottom in...
by Raynovich Rod | Aug 4, 2015 | Biopharmaceuticals
August 6…Rally Fails: Sell-Off Underway 11:24A EDT The sell-off in biotech began at the opening and continues two hours later. The speculative smaller cap Exchange Traded Fund XBI is down 3%. There is a red screen across the board with many high fliers down 4%....