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...
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...
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...
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,...
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...