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Strategies & Market Trends : General market lab and commentary

SPY 683.34

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Nov 3 4:00 PM EST

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scaram(o)uche

From: Robohogs

7/11/2016 4:25:10 AM

1 Recommendation Read Replies (2) of 668

I am giving up on Google Sheets. It is awesome for a few of the sheets I am using - the daily tracker (I hope some of you are finding utility there - it helped me understand bios were outperforming Friday despite CART stocks) and my VWAP page for XBI and IBB. I will likely add FBT to that at some point. I am also planning on adding two or three new trackers to the tracker page - bottom 40 mkt cap from SI group, top 30 in mkt cap not counting pharma (may dupe FBT or BBH too much), and/or top 40 bios from all the other lists by market cap but locked in and not changing and all stocks must have been stocks 5 years ago (this will be my main analysis list) (I had to get to like 70 on the list of current stocks to find stocks that worked - I had to throw out one - HZNP - because Google refuses to recognize it post a few months ago; its replacement - AMAG - may not be Top 40 but I just threw it in because I had gotten frustrated by that point and wanted the list to run in Google Sheets which took hours just to pull down price and volume and then fix those pages for non-traded days). I threw out what in MY judgement are not biotechs (TEVA, AZN, VRX). I am missing my fave - ABBV - as not alive long enough.

Anyway the list is running and I have a few interesting observations already. Although I put the list together for trying to tune my timing, my first observations relate to where the general bio price levels are. This list of 40 (granted the largest caps guys that have survived for 5 years without going under, getting bought (common) or being a new IPO) (although cutoff is very low mkt cap near a billion $) is significantly ABOVE its 200 day SMA - call it 6% on average. The cumulative daily A/D for this group is at pre-crash levels. Not quite a new high but close. Two things to leave you:

Robo Bio 40 Ranked by Price vs. 200 SMA (anyone surprised?)

1.53	EXEL
1.37	NVAX
1.29	SRPT
1.26	ALKS
1.22	MDVN
1.19	IRWD
1.18	LXRX
1.18	ACAD
1.14	SGEN
1.13	INCY
1.13	NBIX
1.12	ACHN
1.12	LGND
1.09	BMRN
1.09	CPHD
1.08	AMAG
1.07	SHPG
1.07	ARIA
1.07	NKTR
1.05	AMGN
1.03	VRTX
1.02	CELG
1.02	MDCO
1.01	QGEN
1.00	JAZZ
1.00	ALNY
1.00	OPK
0.99	REGN
0.98	INVA
0.97	GILD
0.97	UTHR
0.96	HALO
0.96	BIIB
0.95	ILMN
0.92	ACOR
0.90	MYGN
0.89	ALXN
0.80	EBS
0.75	IONS
0.73	PCRX

I plan to add XBI to the chart below soon after redesigning my data draw down sheet for Google Sheets - only going to use it for the trackers and the VWAP and as a tool for pulling 50 tickers at a time (price, volume, etc. each in own file and designated). The time sink waiting has irritated me for the last time. Google - you suck!! Microsoft - you rule (in spreadsheets)!

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