Tag Archives | biotech portfolios and ETFs

Biotech Breakdown Leg #2: Another Nasty 4% Hit

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 in market mechanics. Several long time market experts opined that the distortions and panic today […]

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Biotech Breakdown: Seeking Relief Today

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 now at $349. […]

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Roller Coaster Market Creates Biotech Buying Opportunity…Update-1

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 multi-day breakdown would  break the upward trend channel. The more […]

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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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