November 9th Biotech Update

We do not have merger Monday, so I suspect the market will be disappointed.  I joke of course as this is going to be a massive relief rally on the news of the PFE vaccine.  While there will certainly be a rally that raises almost everyone, there will likely be rotations out of COVID treatment […]

November 6th Biotech Update

It seems like the election is all but over.  The votes have turned and clearly point to a Bide victory and as of writing speculation is that Trump will admit defeat.  Of course, Trump does not have to concede for Biden to win but it would assuage investors and remove the last bit of risk […]

November 5th Biotech Update

While we clearly do not have a clear winner from the election, it at least looks like the market has decided where the election is going.  If there was uncertainty over the outcome, then the market would not have rallied and volatility would not have dropped.  Given the pace of vote counting, it looks like […]

November 4th Biotech Update

The election is (sort of) over.  While it ended up being closer than the polls indicated, it appears that Biden will win barring some unprecedented court decision to invalidate large numbers of legally cast votes.  The closeness of the election, however, makes the Senate now lean Republican.  I suspect both Georgia contests will have to […]

November 2nd Biotech Update

This is the literal calm before the storm.  The election is tomorrow and the adu AdCom is Friday.  Plus, we still have a number earnings coming this week as well.  Even with all of that news the week starts off with basically nothing that meaningful so there is not much to say.  That is not […]

October 30 Biotech Update

I said that a kick was possible for the sector and it could be pulling one off.  Yesterday ended up better than I expected and was the start of that save but the market remains in a precarious position with anxiety over the election potentially overwhelming everything today.  Of course, the consensus seems to be […]

October 29th Biotech Update

As awful as the day was yesterday, the sector is not quite broken.  This is not to say that things look great but a reversal and green close today could save it.  Another day lower and we can call the trend as it would be a potentially lower low establishing.  I am not very optimistic […]

October 28th Biotech Update

Not a great start to the week (or continuation of the week) as the market and sector continue to struggle.  Given all of the potential news makers in the next couple weeks it is difficult to completely attribute the move solely to one factor.  My mantra has been that the trend is your friend and […]

October 26th Biotech Update

A mixed start to the week with the broader market and sector lower on the open.  Nothing dramatic on either and nothing really meaningful in news flow, so a sort of drifting would not be unexpected.  I think it is safe to say that we are in the calm before the storm with earnings really […]

October 23rd Biotech (and MLP) Update

Yesterday, we had a nice follow through rally from the early morning move higher.  That was nice to see and could possibly indicate that we are in the making new high phase of the uptrend.  We still are in a limit news phase with earnings to start becoming a larger and larger story (at least […]

October 22 Biotech Update

The past couple days have not been great but we still remain in the uptrend and that has to be the assumption until that trend is broken.  We are probably at an area where support should happen and a bounce develop.  If we continue downward and do not get any real support, it would raise […]

October 19th Biotech Update

I waited a little to write today hoping that something would pop in the feed that was interesting to talk about but nothing is happening to start the week.  As boring as that could be it is useful in that it provides a pretty clean look at sector sentiment as there is nothing as to […]

October 14th Biotech Update

Not much is actually happening in terms of news and yet the sector continues to move higher.  We are getting multiple days of green in a row and breaking out into new highs.  I do not think there is anything fundamental driving this move and it seems to simply be momentum and technical.  Clearly we […]

October 8th Biotech Update

We are setting a trend higher in the sector with higher highs and higher lows.  What is actually interesting is that we are getting this new trend higher and have not had back to back green days since the middle of September.  We have alternated red and green since mid-September and despite that back and […]

October 7th Biotech Update

Generally some good price action in the market and sector this week.  There was a slight sell off when stimulus talks were called off but the market now seems to have forgotten that news.  We are probably a month or so of way before the lack of new stimulus shows up in the economic data, […]

October 5th Biotech Update

A good start to the week as I think the broader markets are having a relief rally given that Trump appears on the road to recovery even if his disease was more severe than presented.  Obviously the next couple days remain critical, there does not seem to be an imminent threat of significant worsening so […]

October 2nd Biotech Update

I have had a busy morning but wanted to get some note out today albeit it short as there is not a lot of sector specific news.  That being said there is quite important news that very likely will have impacts on the sector and the broader market.  I think the market is still trying […]

October 1st Biotech Update

The sector has been a grind this week in that it appears unable to move higher but also is not breaking down at all.  Every rally appears to be sold or unable to get any real traction (the open today is a perfect example in that it looks like we could have a good day […]

September 30th Biotech Update

Given the importance of the election in terms of the market, one would have expected that the debate last night would have an impact on the market.  I have no idea how to interpret what happened last night in terms of who won or what they would actually do if elected.  The markets last night […]