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Biotech ETFs Up YTD But 12% Losses in August Creates Downtrend…Update-1 9/4

Update-1 Another VeXXing Volatile Week Stocks were in free fall for most of today 9/4 and tried to rally in the last 30 min before a little whack at the end with the NASDAQ down 1.05% for the day. Many biotech stocks came back and the XBI was actually up 0.24% for the day (see […]

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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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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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Biotech Mania: Another Deal, Another Rally To New Highs…Update-1

Biotech Stocks More Subdued– as of Mid-Day 7/20 Trading Biotechnology stocks are taking a rest today after a torrid five days that saw the XBI up 7.31%, FBT up 6.19% and the IBB up 6.65%. Moreover on Friday 7/17 the trading in six or more biotech small caps made the “Percentage gainer” tally in the […]

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