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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-1…9/18

Macro Trades- Revisiting Post of 6/18 and “Pomboy Model” Looking at the market following the cautious easy money policies of the FED we should track the following: Treasuries now at 2.64%: range bound at low end of 2.5-2.8%; if yield falls below 2.5% then deflationary concerns arise or the economy is weakening. Corporate Bonds (LQD): […]

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No Summer Doldrums In Biotech Today … PBYI…Update-1

Update 7/23 Biogen Idec (BIIB) Soars 11% on Earnings EPS at $3.49 vs est $2.83; Sales of MS drugs were $2.42B vs $1.72B last year. Our large cap portfolio is now up 15% YTD with less risk than mid and small caps. One analyst thinks PBYI will be acquired but watch out with a market […]

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FED Comments Focus On “Bubble” Stocks In Social Media and Biotech…. Update-1

Update 8PM EDT NASDAQ Holds Losses to 0.54%-Futures Stable Biotech Damage Across the Sector-Rayno Life Science Portfolio Notes Large Caps off about 2% (FBT), but Gilead (GILD) down only 0.95% and Roche (RHHBY) up 0.28%. Rayno Biopharma stocks all red down 3-4% with XBI down 3.86%, IBB down 2.2%. Damage not as severe in Diagnostics […]

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Market Perks Up on FED Testimony-Rates To Stay Low… Update 1 6/19

Update June 19.. 3:10 p EDT Ten Yr 2.62%, U.S.equities flat,biotech mixed, jobless claims down. Japanese and European equities up. Iraq on front page. GOLD Up $41 Breaks Through Resistance at $1300 Gold futures rose on technicals, Middle East turmoil, a weak dollar and a dovish FED. Silver is also strong.In this week’s Barron’s three […]

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Biotech Recap On a Down Day

NASDAQ Off 0.8%  On Disappointing Economic Data and Spiking Crude  Islamic militants took major cities in Iraq  causing a spike in oil to $106. The energy sector rallied 0.7% with many smaller players soaring over 4%. The energy sector is very strong up 10% YTD. Retails sales rose less than expected with a 0.3% increase […]

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