Momentum Trading Shifts to Cyclicals and Industrials but Biotech is in For the Long Run…Update-3 Steroid treatment for COVID!
Update-3 6/16/20 at opening...Futures up on 18% increase in Retail Sales and New Potential coronavirus treatment-Dexamethasone. Low dose steroid treatment is a major breakthrough and can save lives. Coronavirus stocks take a hit: GNMK INO MRNA QDEL, but XBI up 1.79%. Update at the close as...
Coronavirus Stock Scoreboard May 2020…Update-3 Rotation Out of Healthcare and Biotech
June 6... see if the Rotation Trend continues through the Week of June 8 Week Ending June 6 Performance Leaders Energy, Financials, Europe. Laggards: Staples, Healthcare. IBB off 1.95%, XBI off 1%. Stocks to watch: GILD, GSK, VIR June 5...Midday trading-Rotation Rally Continues with DOW up...
What’s Next for the Biotech Bull Market? Are You a Trader or an Investor? Update-2 Sell-Off
Momentum Continues 5/29...We will update the coronavirus trade tomorrow so sign up! Today the market recovered (NAZ up 1.4%) after Trump's rant against China. With no new news like tariffs it's back to "don't fight the tape, don't fight the FED". Its ASCO time so this should be positive for...
Coronavirus Stock Portfolio: Biotech remains strong and the need for a COVID vaccine dominates the news-Update-3
Race to Develop a Coronavirus Vaccine Has $BB Funding with Several Major Players Update-3 5/20...Reversal to upside from yesterday's sell-off. However the cynics are starting to come out questioning the timelines of some of the major COVID vaccine players with high valuations at such an early...
Recap on Coronavirus Focus Stock Performance Q1 2020…May 11…Biotech Rally Broadens
5/11/20 330p EDT Crazy market running up again in healthcare, life sciences and biotech; cyclicals continue to lag. XBI break-out to new highs at $104 up 4.7%. IBB up 3.94% to $133. This run reminds me of JY 2015 last big blowoff and speculative frenzy. But small cap ETFs lag: IJR, XLV up...