Broad U.S. equities including the biotech sector resumed the uptrend today, but we are very extended here. Watching Exact Sciences (EXAS) fall from its recent highs after the report of a new blood test that could have a higher sensitivity to detect precancerous lesions (colon cancer) than the company’s stool-based cologuard test. The sensitivity difference between the two tests is remarkable (77% vs. 42%) and the blood test is also more specific than Cologuard test (important to rule out disease).
S&P 500 index (SPY) continued its upward strength and made new highs. While the continued upward strength of the index has caused many bears to throw in the towel, we are watching other technical and economic indicators closely. The bull market from 2009 is intact and expected to last at least one more year though we are in the later stages of the business cycle. We are watching the treasury yield curve among other indicators which is flattening though still upwards sloping.
There was a sharp pullback in the U.S. market indexes due to fear of government shutdown. VIX was up more than 14% (after being up 21% at one time). Expect more volatility. U.S. biotech indexes were down with the rest of the market. The sector has a higher beta than the market. Eiger Pharma (EIGR) was down close to 50 pct on the surprising failure of ubenimex, LTB4 inhibitor in pulmonary hypertension, PAH which had shown promise in preclinical studies.
$BTCUSD: Bitcoin update: still not out of the woods. Reversing after hitting key resistance level. A new low is not ruled out. A rise above $13K bullish for new highs above $20K. (I/we may have a position).
A pleasure to be interviewed yesterday for about an hour for DIY Investing Summit, discussing my views on biotech investing, hot areas to invest in this sector, top M&A candidates, etc. I will post a preview of the transcript soon.
Muck Rack makes it simple to find people, tweets, or articles that mention any name, keyword, company, hashtag etc. We've compiled this guide to help you make the most of your search.
Selecting a term
Start searching tweets, articles from media outlets, articles mentioned in tweets, journalists'
names, titles and bios with some suggested searches:
Companies or Topics (e.g. iPhone, Microsoft)
Phrases (e.g. "cloud computing") — use quotes to keep the terms together
Twitter handles (e.g. @username) — returns those who have mentioned or replied to
Names (e.g. "David Pogue")
Hashtags (e.g. #sxsw, #london2012)
Bio details (e.g. vegan, Olympics, father)
Muck Rack's Advanced Search allows for many boolean operators.
Find results that mention multiple specified terms, use AND or
+. For example, ensure each result contains both Elon Musk and Mark Zuckerberg by
searching Musk AND Zuckerberg or Musk + Zuckerberg.
Use the operators OR or , to broaden your search when you'd like either of
multiple terms to appear in results. (This is the default behavior of our search when no operators
are used). For example, results will contain either cake or cookie by searching cake OR cookie or cake,cookie
Use NOT or - to subtract results from your search. For
example, searching Disney will yield results about the Walt Disney Company as well as Walt Disney
World Resort. To exclude mentions of Disney World, search for Disney -World or Disney
When using one of these operators with a phrase, enclose it in quotation marks. For example, you can
find results about smartphones excluding Apple's iPhone 4S by searching smartphone -"iPhone
Exact case matching or punctuation
If you're searching for a brand name or keyword that relies on specific punctuation marks or capitalization, you can
find results that match your exact query by adding matchcase: before the keyword you're searching for, like matchcase:E*TRADE .
Use parentheses to separate multiple
boolean phrases. For example, to find journalists talking about having fun in Disney World or
Disneyland, search for ("disney world" OR disneyland) AND fun.
An asterisk can be used to search for any variation of a root word truncated by the asterisk. For example, searching for admin* will return results for administrator, administration, administer, administered, etc.
A near operator is an AND operator where you can control the distance between the words. You can vary the distance the near operation uses by adding a forward slash and number (between 0-99) such as strawberries NEAR/10 "whipped cream", which means the strawberries must exist within 10 words of "whipped cream".