Today seems like a reversal day. The sector has been down for 11 straight trading sessions and is at a support level. I would have thought that $74 on the.
We are probably due for a bounce in the sector as it has almost been straight down for a little bit. I think the $84 level on the XBI looks.
The sector continued to underperform. I suspect part of this is a continuation of the overall underperformance and part is increasing fear around Warren’s rise in the polls. That is.
I sound like a repeating record but the news have been pretty slow. I thought it was possible that the sector would break out higher but clearly that was not.
Again another slow start to a week. We did survive the weekend without the macro getting worse. I am still not convinced we are out of the woods on the.
So I was thinking that any response to the attacks on Saudi Arabia would happen sooner rather than later but I am no longer convinced that remains the case. Clearly.
It is looking like a macro week, although this could resolve itself fairly quickly. The attacks on the ARAMCO production facility is likely to have long term effects on oil.
(Sorry for the delay. The site worked but we had an issue with posting new articles. It is now fixed) The resilience of the sector is a little surprising and.
We have some interesting news to start the week and of course it leads to a flat sector with the broader market green. It seems like the sector is underperforming.
The sector is in an odd spot. It seems to be right under a major support but has not quite broken down. I suspect we cannot remain at these levels.
I will keep this short and sweet as there is little news to talk about. On the positive side, the sector seems to be doing better and while I would.
Market starts the week higher but I do not trust it as there is the old saying that markets never bottom on Fridays. To be fair futures were down a.