This is going to be a very interesting test for the sector. There are two events that should crush the sector (or would have recently) but will it? Odds are Clinton will be elected President and we just had a slew of awful earnings and negative news. If we can hold up in the face […]
October 18 Biotech Update
It is still not great out there for the sector but yesterday was not awful, which I guess is an improvement. Perhaps we have reached a short term bottom and whether this is a longer term bottom I think depends on how comfortable investors are about the election. We clearly built in some expectation for […]
October 7 Biotech Update
There have been some interesting moves and news since Wednesday but even looking at the sector today, the volumes seem a little weak in most names. As such, there are some moves that seem meaningful in individual names with high volume but I am not reading any of those moves (or the other low volume […]
August 31 Biotech Update
More of the same in terms of the trading for the sector. We remain hostage of sentiment and low volume. Hopefully the pace of both news and volume will pick up next week after the Labor Day holiday. 1. MDCO sort of blew the APO-A1-Milano data. The interim results are essentially no news and yet […]
August 23 Biotech Update
Well, as much as I thought my routine would return to normal next week, we learned the schools are not going to open until September 6th at the earliest meaning that my kids will be spending a lot of time at work with their parents. At least we are still in the summer doldrums in […]
August 11 Biotech Update
We now seem to be stuck in a small rut with the near term trend being slightly negative and nothing really to break it. Perhaps value investors step in at support levels or we get unexpected news (M&A or data) that can change the trend but until then it looks like a low volume drift […]
July 27 Biotech Update
We are in the midst of a busy week but we have a slight pause in the news but will pick up soon enough. The sector held up amazingly well considering the GILD and CELG news, which is certainly positive. It looks like positive news can still be rewarded and negative news is not automatically […]
July 26 Biotech Update
We got a double barrel of bad news after the close last night but I must say the overall sector reaction is good. I have said this before but it bears repeating. If this had happened a couple months ago the sector would be down 5%+ and stay down. Today we are green. It seems […]
July 12 Biotech Update
The market and sector continue to do well. At least in terms of the macro market, we are back in the pattern where the most likely path of a market making new highs is to make marginal new highs. Obviously the biotech sector is not in that pattern even if we are moving with the […]
July 11 Biotech Update
I go on vacation and the sector does well and when I come back it is OK but not great. I hope this is not telling me something. In any case, it appears that the sector once again held at support but has not quite broken out of its range. With the market making all-time […]
June 29 Biotech Update
Brexit fears are turning into Brexit relief as I talked about Monday but there is still awhile to go before the damage to the market and sector are fixed and we probably need to go over the pre-Brexit levels before getting more comfortable. In any case, there is some interesting biotech news to talk about. […]
June 27 Biotech Update
Brexit, Brexit, and more Brexit. Commentary from this weekend ranged from the end of humanity as we know it to everything will be fine. Clearly someone is going to nail the impact (given that every type of impact has been talked about). The fact is we do not know and cannot even start to gauge […]
June 8 Biotech Update
Yesterday was surprisingly good, although so far we have not really had a nice follow through to start today. That being said the rally started to pick up steam later in the day, so perhaps we will follow the same pattern. If we continue to trade well in lieu of the negative news yesterday, then […]
May 24 Biotech Update
I do not think anything dramatic happened when I was away. The sector seems to be holding the support which is most important. In addition, one could perhaps argue that the outperformance has continued to a modest extent. All of that being said volumes are low and will likely go lower as we enter the […]
May 13 Biotech Update
I feel like we have been here before with the sector flirting with a major breakdown triggering another leg lower. We have yet to get that break but we are in another decision zone so the trading the next couple days will be quite telling. The selling is once again being led by spec pharma […]
May 11 Biotech Update
Yesterday the sector was a little weak but that is neither surprising nor a killer given the strength we saw Monday. That being said we cannot see continued under-performance and have a positive view in the near term. I am starting to think of the performance of the sector as less strong or weak and […]
May 9 Biotech Update
We have some news to start that week that all else being equal would be positive catalysts. The price action today off of the news should be a good tell as to whether sentiment has shifted a little in the sector but I would wait to see where we end the day not where we […]
March 18 Biotech Update
You are missing a lot of private interaction we are mostly using the private feed @CRGTrades to do so, the best way to be updated is to follow us through this link, please fill in all the info needed for easy confirmation! https://www.chimeraresearchgroup.com/twitter-page/ So the sector did not start another major leg down yesterday […]
March 7 Biotech Update
I hope everyone had a good weekend. We are off to a rather slow start with not a lot of meaningful news (again). We have a more positive sentiment background and likely the continued short covering rally, so that might be enough to move the sector higher. The trend that I want to watch this […]
February 19 Biotech Update
We are getting the pullback after that quick rip your face off rally and so now is the real moment of truth. Did the rally simply reset the relative strength to allow another leg lower or will buyers step in and buy this pullback? As I noted before there is no way of knowing and […]
