Some early weakness but I also suspect today is going to be fairly volatile with the Fed weighing in later this afternoon. So I am really not going to read.
The market is weak but the biotech sector is showing good strength. The large caps seem to be holding up their end of the bargain, which bodes well for this.
I know that the sector is doing well and near highs but I cannot shake the feeling that the stocks feel heavy. I do not have a better way to.
The pullback continues. It seems like the downdraft may be extended in the near term setting up a bounce but I am not convinced it would be more than simply.
It seems like every day I write this week is a weak start to the morning. It is not surprising that the sector is pulling back after the run yesterday.
The market is weaker today and it is bringing down the sector, although it appears that biotechs are underperforming the broader market. It does not appear that this underperformance is.
The sector seems to be a little weaker than the market although the moves are relatively small, so there is probably not a lot one can read into it. That.
As much as I have disliked this recent move higher in terms of not trusting it, you have to respect how well the sector is climbing the wall of worry..
Market seems pretty benign but the sector appears a little heavy. As I have been saying the only thing we can have confidence in about the market is the lack.
Who order gains and losses with a large side of chop? This is a market clearly looking for direction and positive signs one day turn into negative signs the next..
A good start to the week with the markets a little week but the sector outperforming. This is not totally surprising given the underperformance last week in that there should.