MarketUpdate: Biotechnology and Healthcare, A Bit of A Lull. Update-1 …Broad Rally
Update-1 MRK up 5% to $131.81 on FDA approval of PAH (Pulmonary Arterial Hypertension) Drug. ABBV and LLY get small gains SUPN up 3.88%. Nice pick-up in momentum from our SMID trading list: ABOS, CPRX, CRMD, CYRX, PACB, ROIV,, VCEL, VCYT, etc, XBI up 2.38%. XLV up 1.38%. Broad market rally...
Healthcare and Biotech Update with Market at 2024 Highs…Update-1
Update-1 JY 20 at the close after Powell and the FED announced rates remain unchanged with 3 planned rate cuts expected in 2024. Inflation remains sticky in a strong economy. All major indices hit new highs. XBI held the $94 anticipated support up 0ver 1% to $95 at the 50 day ma. Many...
SMID Life Science Trades: Its a bull market but harder to pick small cap biotech winners because of volatility…Update-4 GERN,SUPN, XBI.
Update-4 3/19..2:40p EDT..Stealth rally pre-FED day, call it an AI rally as all major indices are up. 10 year at 4.295%.If TSY yields stays down then small caps can follow: SMID Biotechs UP today are :CRBU, CBRX, CRMD,CYRX, PACB, SUPN etc with some buying in XBI at $94 level shifts model to...
Healthcare Shares Lag As Investors Get More Bullish, But Volatility Rules….Update-3
Update-3 3/6/2..The XBI huffed and puffed but could not break out from $100 today so my call stands that speculating in SMID biotechs is risk off. The less volatile IBB held near the $138 level. I'll update our trading list at the end of the week but for now here are the SMID biotechs that I...
Investors Try Life in the Slow Lane with Healthcare Stocks…..Update-4 SMID Biotech Rally Fading Already?
3/1/24...Still plenty of good biotech trades around as XBI recovers over 3% to $101.53. Big movers today were: ABOS, CRMD, DNLI, GERN, IMTX, SUPN. https://www.nasdaq.com/market-activity/etf/xbi/advanced-charting 2/29 at close ..MOmentum is easing with volatility making trading more difficult...