What is the worst-performing industry today as of 10 AM EST?

That is Biotech.


It moved up like nothing less than a rocket on the news that it is working on the Covid-19 vaccine.

The other front-runners are $MREN and $AZN. AZN is at the most advanced stage o the vaccine development and some of its results came out in Lancet yesterday. Initially, AZN moved up on the Lancet publication. But pulled back. Today, AZN, MREN, and NVAX all are having a similar pattern.

$NVAX is at extreme Thrust and Jump even in the weekly chart.

NVAX's fundamentals are not bad - it is undervalued and has quarterly earnings growth. Like many biotech stocks, this also does not make money (EPS is negative). The stock went up too fast too quickly. It may be a bit too late to chase the stock.

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Since I first mentioned about Biotech weakening, it got worse. Could you identify the EXACT turn-around day of Biotech using your trading systems? In real-time?

Here is today's CUE Edge industry scorecard. Compare that with what I shared earlier. And you will know that I could (and you could, using CUE systems) identify the EXACT turning day of the Biotech.

$NVAX could not go up since I analyzed it. Watch for it to break below the daily box (1), which roughly aligns with the CUE Fine Tune 10-min chart box today (2).

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