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. There is bit of...
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...
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...