General market condition: kinda OT but maybe not.
Post# of 72446
Posted On: 10/28/2015 7:24:59 PM
General market condition: kinda OT but maybe not.
I have observed on many occasions that the day following Fed data, the market moves the opposite of the way it closed on Fed day.
If this is again the case, tomorrow would be a down day. I would expect a general market day to hamper the biotech sector's recovery.
This is certainly NOT a given -- the market could continue up, and we could see CTIX go a different direction than the market or biotech sector anyway. Just pointing this out for those who monitor broad market movements as well as individual stocks.
I have observed on many occasions that the day following Fed data, the market moves the opposite of the way it closed on Fed day.
If this is again the case, tomorrow would be a down day. I would expect a general market day to hamper the biotech sector's recovery.
This is certainly NOT a given -- the market could continue up, and we could see CTIX go a different direction than the market or biotech sector anyway. Just pointing this out for those who monitor broad market movements as well as individual stocks.
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