November 16th Biotech Update

Another start to the week with some more vaccine announcements (positive).  It was good to see more positive vaccine data but it does not change the dynamic that I see with the market.  There appears to be a real light at the end of the tunnel but the path to the end will be very […]

August 26th Biotech Update

I thought Laura was going to completely miss us but we probably get tropical storm for winds from it tonight.  Will not cause serious damage but might be enough to knock out power for a couple days.  So if you do not see me write for a couple days you know why.  In any case, […]

July 15th Biotech Update

I think it is clear now that it was COVID that worried the market earlier this week.  The reaction to the vaccine news has been pretty clear and positive.  While it is possible that the market would have had a similar reaction if the selloff was China driven, it seems more likely that worries about […]

May 19th Biotech Update

What kills bulls runs in the sector?  News can but the floodgate of secondaries opening is also a sure why these end.  Yesterday saw the opening of the secondary window and while the first wave of secondaries does not always kill bull runs, it seems like we are at the beginning of the end.  We […]

May 15th Biotech Update

I figured the sector was hoping for a merger Monday to really continue the push from Friday.  Instead we got a Moderna Monday that is pushing not just the sector but the market.  There is really not much more news that I can tell but the ultimately it looks like the old resistance level on […]

April 29th Biotech Update

Yesterday was a retracement day and seemed almost like a rotation out of what was working (biotech) into lagging sectors (banking).  Given the strength in the sector it should be able to handle the retracement before continuing the move higher.  The only worry is the XBI compared to the IBB.  The IBB had made new […]

January 22 Biotech Update

I think the trading context for the near term is basically set. We have a potential macro scare with the Wuhan coronavirus, earnings, and the sector trading just below breakout levels. Lurking in the background is the democratic primaries, which could influence trading (Sanders and Warren bad for biotech, others good for biotech—or that is […]

December 7 Biotech Update

The market can always surprise and I was surprised yesterday with the sector strength. The broader market did better than I expected but the sector clearly outperformed. It is only a day but if we see continued strength today then one has to read these days as a strong signal in the near term. I […]