The equities markets were quite erratic today, with the major indexes mostly trading in a narrow range. The healthcare sector ETF XLV was up about +1% for the session, and the biotech ETF IBB was up +1.39%, once again showing stronger recovery in biotech versus the overall healthcare sector. However, both ETFs traded in narrow […]
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Novartis AG (NVS) was down sharply at the middle of the session after an FDA warning. The company’s drug, GILENYA, was warned to cause severe worsening of M.S. symptoms once a patient discontinues use of the treatment. This caused the stock to drop sharply from just above $89 to nearly $86. The stock closed the […]
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Tesaro (TSRO) spiked sharply in trading today after news that the company canceled an upcoming conference. The cancellation of the upcoming investor conference is seen as potential evidence that the company might be in the process of completing a merger. If this is the case, then shares are likely to head significantly higher if a […]
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Yesterday a 5-day losing streak was broken. The question is can we have a two-day rally, especially in the face of a weekend? We haven’t seen a Friday rally hold in weeks. In the last few days, we had some major names come out and call for world woes to appear. Paul Tudor Jones is […]
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The equities markets saw a bullish trend towards the end of today’s session after it was implied that the US and China might reach some tentative agreement on trade by the end of this year. However, shortly after this headline hit the newswires, a senior US trade official stated that such a deal was not […]
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So back on October 14th, I posted a tweet that markets did not look similar to the February dip contrary to what someone else was suggesting. This is not me saying I told you so, but rather helping you understand what it means to look beneath the surface. Sure the charts looked similar on February […]
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As of this post, we are in day two of a monstrous move in the markets. I would love to believe that the overextended downside moves are finally starting to see some relief. I do, however, worry that we may just be seeing some end-of-the-month lipstick being put on the pig…I mean bear behavior. Yes, […]
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Volatility is front and center. This type of volatility is only seen once every 50 years, as described by Mr. Urban C, a brilliant mind with a Wharton pedigree. In today’s video, I cover just how wild a ride we are having this month and some amazing stats. What I will remind you is that […]
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With one week to go to Halloween, the market got a jump on spooking everyone. Yesterday’s wild ride saw the Dow down 550 on the lows, working aggressively back to near steady on the day, only to close down 125 points. This market drop is uncomfortable but should be no surprise. Key indicators were pointing […]
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So before we know it, we’ll be bombarded with the sales events of Black Friday. Let me be the first to throw that term out to you this year, as today is a Black Friday of sorts as well. 31 years ago today, in 1987 we witnessed one of the biggest single market smackdowns ever: […]
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