Macro Headwinds Stall Biotech Stocks and ASH Momentum Fades…Update-1
Update 12/18 Market Rockets to Records But Biotechs Left Behind Ebullience reigned today stoked by tax cuts around the corner. Although many talking heads have said that the tax cuts are “baked in” it seems that a new view has emerged that equities still have room to run because of...
Rayno BioBeat #7: Biotech Green Screen Day Off Recent Bottom…Update-2
Update 12/12/17 Biotech Rally Stalls at Resistance Celgene (CELG) holds $109. Mid-caps red especially INCY PTLA RDUS. Mixed market on low volume. Alexion (ALXN) trying to bounce. =============== Update 12/10/17 Can the biotech rally continue this week with ASH news? XBI hits $84 the one month...
West Coast Weather Update: LaNina Hell Comes to California…Update-3/18
2018 LaNina Delivers March Storms-Blocking High Pressure Gone! This NOAA site called the change in February and predicts more cold and wet weather ahead. Mammoth Mountain Expects Big Storms in March-Season Has Been Saved! Snowmaking and Grooming Kept Skiing Good in February Despite only 28 in....
Sluggish Biotech Stocks: Five Underlying Factors Plus A Sector Shift?
MegaCap Tech Stocks Take a Big Hit-Volatility Rising in a Sector Shift Market Rotation Supports Overall Market-S&P 500 Stable today up 17% YTD Sluggish Biotech Now Just a Market Performer With IBB up 17% YTD The booming tech sector sold off today with the XLK down over 2%. Harder hit were...
Rayno Biopharmaceutical Portfolio Update with Biotech Holding: CELG,RHHBY,XBI…Update 11/29 Rotation Day
11/29/17 Market Reversal in Early Trading 11:35a -FAANG sell-off Stocks show a rotation out of technology and into financials and cyclical consumer goods. XLK is down 2.2%, XLV up 0.66%, IBB up 0.42% with large caps holding. 11/28/17 Biotechs Treading Water But Many Good Opportunities Exist...