Moving is a pain, but unpacking is agony. LOL. The market and sector, however, look a lot better than my house. While there has been a little pullback, I really see it more as the pullback that refreshes the move higher as opposed to a sign that something is wrong in the sector. Obviously, it […]
August 22nd Biotech Update
I suspected that we would have paused this week but the sector has had a nice continuation this week despite hitting what I thought would have been natural resistance. That is a nice sign of strength but I still think the sector is a little extended in the immediate term and likely needs a to […]
August 20th Biotech Update
Well, I did not think my return would be celebrated so much by the sector. All kidding aside, it was quite a nice day yesterday and I am a little surprised that we did not have more resistance at the $98 levels. We did spend a couple of days bouncing against those levels but I […]
August 19th Biotech Update
I am moved and have a setup where I can do some work. Still have a lot of unpacking and work to do but time to look back at the market and see what has been happening. It looks like we have climbed up to some resistance. We appear to have had a nice little […]
August 7th Biotech Update
I sort of wonder if we have tested support with the recent selling and now are going to move higher. While the selling was related to fears over the economy, I also read that a large portion could be related to the surprise rate high in Japan that setoff a large unwinding of the Japanese […]
August 6th Biotech Update
Well, it looks like there is a fine line between the economy slowing enough to cause rates to go down and the economy slowing so much that the market has a growth panic and has a massive sell off. Obviously, nothing does well in a risk off panic selling and while the sector has been […]
August 1st Biotech Update
I thought we had a chance yesterday to really challenge the highs for the sector but we ended up pulling back. It seems like we are a lot closer to rate cuts than we have been in a long while. I do not think that anyone would be surprised to see a rate cut in […]
July 31st Biotech Update
I am in the middle of moving cross country and so will be hit and miss for the next month or so. I am back for a little bit but also have to catch up on earnings and news. I will try and take it in bits and pieces as opposed to doing it all […]
July 18th Biotech Update
The sector has been red hot. It is due for a pause and a test of the breakout. Perhaps this is where we get that healthy pause and refresh or perhaps we have a little more juice left in this move. Yesterday was interesting with a pretty strong move in the big pharma names. I […]
July 15th Biotech Update
A little bit of strength to start the week. I still think we need to pause this run higher and back test support. We clearly seem to be breaking out of a range and to confirm that break I would like to see us test the upper end of that range as support. I think […]
Cardiol Therapeutics: MAvERIC-Pilot Results Achieve CardiolRx™ Proof-of-Concept as an Active Drug for Recurrent Pericarditis
Cardiol Therapeutics (NASDAQ: CRDL) (TSX: CRDL) is a life sciences company developing pharmaceutically manufactured cannabidiol formulations (CardiolRx™ and CRD-38) as innovative therapies for heart diseases, including recurrent pericarditis (RP), acute myocarditis, and heart failure. We previously covered the company and its pipeline extensively (LINK) prior to and in preparation for the MAvERIC-Pilot trial (NCT05494788) readout […]
July 12th Biotech Update
It has been a really good week. If you look at the chart, one could make a compelling case that we are breaking out of that range. I would not have predicted this was the week in which that would happen but it looks good. If I were writing the ideal script we would extend […]
July 9th Biotech Update
Yesterday ended up being a decent day. Not the greatest but certainly a nice little start to the week. Ideally, we get some follow through today and into the middle of the week. It might be difficult to get that sort of momentum without more news but it would certainly be some good strength if […]
July 8th Biotech Update
It is going to be an interesting week. We have been pretty slow on the news front and last week was a holiday week with the expected dry up in volume. I get that it is still summer, and trading is going to remain slow but coming off of a holiday we get some interesting […]
July 2nd Biotech Update
It was a good start to yesterday morning but we got weaker as the day went on. I still think the sector is not in a bad position but I do not like to see the strength in the morning and weakness as the day went on. It is only one day and the volume […]
June 28th Biotech Update
Not a bad week nor a great week for the sector. It would have been nice to see the sector set a new high but we did get a nice bounce from support. The XBI is going to be interesting to follow going forward because they have changed the composition to have more large caps. […]
June 26th Biotech Update
I should leave more often as the sector has done OK in my absence. For good or ill, I am back and hopefully we can keep this strength and establish a more clear trend to the upside. I think there is more work to be done but we are at least in a position in […]
June 18th Biotech Update
Not the start to the week that we need, especially given the positive broader markets. We still have a marginally positive trend but the last thing we need is to show so really large underperformance to the broader market while we break the positive momentum that we were building. I wanted to drop a short […]
June 17th Biotech Update
It was not the best end to the week but taking a step back and looking at the sector, it does not look bad. There seems to be a little trend forming and assuming that we can bounce and move higher this week, it will strengthen that look in the chart. We are in a […]
June 12th Biotech Update
As perhaps the least surprising news of the day, inflation came in cooler than expected, rates are moving lower, and the sector seems to be rallying. While perhaps the lower inflation is a bit of a surprise, the reaction should not surprise anyone as this has been the relationship for a couple of years. I […]
