The sector has had a nice sharp pullback that has challenged sentiment a little. I was a little surprised about how quickly sentiment got negative yesterday as we have had.
This will certainly be a bad day for the large cap but I would not be surprised to see the XBI outperform if not eventually turn green as M&A fever.
A nice late day rally yesterday was a good sign. That was what I was waiting for after a morning of listless direction. It is looking more and more likely.
I am finally back and the sector appears to have pulled back a little. I do not see this a particularly bad pull back as it looks to have closed.
We still have not gapped and went, so I would think that possibility is lowering but I would not completely discount it. We have some positive news today in the.
Resistance is acting like resistance. It looked early that we might be peaking above it but clearly that is not the case. These sort of false breakouts (and breakdowns) are.
Not surprisingly we are in a post earnings lull. While there are still earnings being posted, the bulk of the major ones have been reported. We are also seeing the.
We have some interesting news today (positive and negative) with some interesting read through. I still think the base case is that the sector is in a range until proven.
The sector faded yesterday and seems to be in a little range between $80 and $86. This is not necessarily a bad thing after the big bounce we had. Sitting.
The sector seems to have gotten its footing in a way I was not expecting. Perhaps there is a bigger underlying bid than I thought. Perhaps the dovish turn in.
Another day and another weak earning for biotech. This was fairly predictable and the real question is how far these earnings (and the upcoming slew of secondaries now that the.
An interesting start to large cap earnings. The sector was weak yesterday and this could be the long awaited pullback (or another head fake). Ideally, the pullback bottoms out in.