Risk Off Resumes After One Day Rally: Caution on QQQ,IBB
Major Sell-Off Early On April 17--Correction is Here with Some Technical Damage Posted 12.15p EDT, Update at 4:56p The rally yesterday was apparently a head fake as a major sell-off resumed today with the NASDAQ down 2.10% and the S&P down 1.7%. The gold free fall on Monday foreshadowed...
Gold Liquidation Is Infecting Equities- Even Biotech With NASDAQ Down 1.6%
Gold Crash Spooks Traders-Life Science Stocks Lose Resilience IBB ($166.82) Down 1.6% Rayno Life Science Stocks- Quick Look With NAZ at 2343 We have not made any Rayno Portfolio changes but have added two stocks recently: Genomic Health (GHDX) and Hologic (HOLX) both down about 1.3% today. The...
Risk Off Day-Retail Sales Disappoint But Life Science and Drug Stocks Hold
Biotech and Drug Stocks Remain in the Sweet Spot NAZ Down 0.16% at 3295 at Close A string of market up days was halted today as retail sales and consumer sentiment gave bearish indicators.Commodity stocks were also weak-energy down 1.2%, materials down 1.7%- and there is a "whiff of deflation"...
Rayno Life Science Winners: EXAS, HOLX,TMO
Life Science Stocks Blow Through New Highs The Rayno Biopharma stocks continued their run today and some Tools/DX stocks are freshening up. Yesterday we added Hologic (HOLX) as a turnaround/value play and it is up 1.73%. Other Rayno winners in this lagging sector today are : Alere (ALR),...
They Are Buying Everything Today: Biotechs, Financials,and Especially Techs (XLK)
Concern About FED Tightening Reverses Psychology And Becomes Another Reason To Buy Equities QE May End This Summer FED minutes were released early showing concern about exit from $4T inventory of bonds and further effects of QE like the current asset bubble, future inflation or losses from...