The sector really is trading without a clear trend. Nothing that has happened this week has created a new trend but the range is narrowing, so I expect next week.
The sector continues to lag. What I see as a little odd is that pharma appears to be outperforming biotech. If Medicare for All was going to collapse the US.
Yesterday really ended up offering no real direction. We could not quite rally but we also did not quite collapse. Everything that I talked about yesterday about the trading of.
The sector has been struggling to say the least and when last I wrote, it was not clear to me the underlying cause, it is clear now (I will discuss.
It was not the ideal start to the week but also not the worst. The selling from the morning opening was bad but we may have bottomed in the afternoon.
The sector is certainly underperforming the broader markets and while that is frustrating, I do not see anything that is concerning. We did not get the breakout but if we.
Another slow day with the sector so far unable to do anything other than drift lower. I still see nothing to indicate a broader issue with the sector and this.
Really not much happening in the sector, so I will keep this relatively quick. I think if we can close above $93 on the XBI it bodes well for next.
The sector seems to be setting up for a breakout(down). Since the gap higher in late February, it looks like we are getting higher lows and lower highs. The range.
Yesterday was a nice little rally in the sector, which given the sharp pullback was not completely unexpected. The more interesting question is whether that rally can be built upon.