Preparation is vital in this game, and that’s why I always start the week off with a Biotech Breakouts Weekly Watch list for my members.
I provide an overview of the biotech and pharma space and then drill down into specific setups that I am watching for the week ahead.
Ever wondered what goes on my Biotech Breakout Weekly Watch List?
What do I find valuable and necessary to include?
How do I lay out my game plan?
Well, wonder no more.
It all starts with a game plan and weekly watch list, as my members know.
Then, throughout the week, I will provide multiple updates daily, advanced notice alerts, video recaps, and more.
But it all starts with a Weekly Watch List, and I want to give you a taste of what my Watch Lists include:
Step 1: Where are we now? Where have we come from? Where are we going?
I always start by taking a close look at the XBI.
I do this by analyzing the previous week’s performance, noting where it is trading relative to the bigger picture, and what I would like to see going forward to give me added confidence.
Step 2: Biotech Stocks in the news
I like to keep recent movers that had a catalyst on my radar in case they provide secondary moves or further opportunities.
For example, in my most recent Watch List, I included these three stocks under this section:
Step 3: Biotech Stocks with near term catalysts + game plan
Then comes the juicy bit.
Under this section, I outline biotech and pharma stocks that met specific scan criteria to earn a spot on my watch list.
I drill down into the specifics in this section and typically cover around four stocks, although sometimes I will include more or less depending on the scan and opportunity.
For each stock, I outline:
- Upcoming and recent news/catalysts
- My game plan
- Overview of critical stats (cash burn, months of cash left, earnings date, rev guidance, and more)
Starting the week off with a detailed watch list and plan gives the added confidence and hunger to attack the markets prepared and without hesitation.
If you want to receive my detailed Weekly Watch List, and see what and why I have my eyes on for the week, click here to become a member of the Biotech Breakouts community.
