Yesterday was not a great day for the sector with reports of a large sell program in large caps and from what I saw that makes sense. None of the.
ASCO is not quite over but my time in ASCO is over and now I am going to spend the next couple of days writing about what I think are.
What a bad start to the week and by bad I mean slow. The only sound we heard this morning was crickets. Nothing to move the sector in terms of.
Yesterday sort of followed the potential new pattern of gaining strength throughout the day but volumes were a little low as we approach the holiday weekend. I suspect today will.
It is a similar start to the trading day with the market sort of flat with the sector a little lower (with notable exceptions which will be discussed below). It.
A mixed start to the morning with some red and green. It seems to me that the market generally wants to move higher but no one seems to have high.
The sector is being hit this morning, although it is really the market that is weak and taking the sector with it. Yesterday the sector did a good job holding.
I wish I had more time to write this week but it has been too busy. The sector is obviously doing well and perhaps we have bottomed but at the.
So clearly the strength later in the day did not play out yesterday and it ended up being yet another day with a strong open and a move that was.
What a difference a day makes. Yesterday nobody wanted to buy a biotech and there was nothing that could ever happen that could reverse the selling. A giant GILD beat.
So it ended up being a bad start to the week with a significant drop straight down to support with follow through early this morning. The sector seemed to find.