Today is an important day for the sector. We are at very long term support (the 200 week MA) that has rarely been breached (occasionally but never in a sustained manner). At levels that should provide some support we get some partnership news that is positive for SMID (it seems like partnerships are the new […]
November 1 Biotech Update
Yesterday I wondered if the sector was bottoming and evidence is building that we are bottoming. We still need to string some green days together and see stocks react positively to good news (and hold those gains). I certainly would not bet the farm that the bottom is in but it is more encouraging and […]
October23 Biotech Update
It is unfortunate that the earnings weeks comes as the market seems to want to collapse. Industrial earnings are finally seeing the impact of the trade policies and now apparently it is a biotech issue. It is hard to see how the sector would avoid being pulled into a larger market sell-off regardless of the […]
March 1 Biotech Update
Nothing that new to talk about but there is one missed opportunity that I want to highlight. It is a stock I talked about buying, thought about buying, almost bought, but did not buy. Despite missing on the move, it is still intriguing. 1. BGNE reported earnings last night. This stock has had a nice […]
January 19 Biotech Update
The M&A smoke in the sector is coming quick but it remains to be seen if this is just smoke or whether there is fire beneath. After a clearly disappointing 2017 and 2018 JPM, it is hard to imagine that there is not real fire given the needs of large bio and pharma to rebuild […]
December 15 Biotech Update
The question I keep asking myself is whether or not JPM really will be the positive catalyst that everyone is expecting (or really hoping for). We know that companies tend to save good news for JPM and good news should push stocks higher especially if they have been lagging. While I understand that logic, I […]
December 14 Biotech Update
Volume and news is starting to dry up but there were some interesting tidbits to talk about but they are more interesting than really game changing. In any case, we are quickly approach the holiday lull but on the positive side that means we are closer to the JPM rush of news. 1. CLLS reported […]
December 6 Biotech Update
The sector and stocks are going to give everyone whiplash. Despite their being some out performers, it seems like every move higher gets smashed later in the day. There are too many stocks to count that make a nice move higher only to end the day red. As I noted yesterday, it is unclear the […]
August 8 Biotech Update
Another day with some news and catch up. The sector is still not doing well as we see positive individual moves that seem to have no read through other stocks. Of course, we are also getting some pretty negative news so perhaps we are simply seeing a balancing of those impacts but it seems that […]
July 7 Biotech Update
The sector seems to be consolidating its previous move although the broader market does not necessarily look that strong. That being said the trend for the sector is higher and outperformance at least in the recent past. I still expect it to test the breakout level at which point everyone will be expecting the levels […]
July 6 Biotech Update
I am back from vacation and seem to have brought some selling with me. I did not follow the market closely at all so I need to catch up a little but it looks like it more or less was grinding around the recent highs if not drifting a little lower. I had some buy […]
