What Happens When a Momentum Market Falters: XBI…Update-2

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 XBI today but speculative model of small cap portfolio may be broken. Three Rayno Biopharma stocks […]

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Biotech Stocks Eke Out a Rally: Regeneron (REGN) Soars…Update-1 Caution

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%. The IBB is down 2.5%. 1:45 P EDT Go back to […]

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El Nino On Steroids in 2015? Stay Tuned…Update-1

Update-2… Great El Nino of 1997-98 Watch for agricultural commodity plays if El Nino kicks in. Good site for Climate Updates. Sign Brad Panovich up on FB. —— Monsoonal Flow in SoCal Brings More Humidity The strong El Nino in 2015 pattern can bring drought relief and more snow for 2015-16 winter season. Last winter was […]

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FED Rallies Market But Biotech Stocks Are Lagging…Update-1

Update-1 Stealth End of Month Rally Stops Biotech Slide IBB up 3.4% In July and up 1% on Last Day Stocks roared out of the box on Friday but could not hold and ended flat. NASDAQ Up 2.3% for July. Most biotech stocks were green and momentum players came back in to support their favorites: BLUE, JUNO, KITE, […]

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Macro to the Forefront with Concerns about Slower China Growth…Update-2

Update-2 …7/29 12:15 EDT… New post at market close Biotech reversal down with other sectors up; post to follow at close. Reiterate caution.NASDAQ up 0.22%, IBB down 1.3%, XBI down 2.39%, Medivation (MDVN) down over 12% to $90.9 with no news but on 7/13 JMP securities cut estimates on lower Xtandi sales. Moreover concerns may […]

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