May 27, 2016 7:58am

 

The good and the bad are cheap … but, is the inherent risk worth it?

Indexes and ETFs: the IWM is UP, the XLV, IBB are flat and the XBI is down

Investing actions: Putting my head in the sand

 

I say today what others won't, so you can do what others can't; whether information or intelligence is good, bad or somewhere in between – it defines the who, when, where, which and what of it …

 

 

Where are today’s markets going? 

 

Dow futures are UP +0.08% and NASDAQ futures are UP 0.16%

 

U.S. stock index futures indicated a narrowly higher open on Friday morning as traders eyed a revision of first-quarter GDP (gross domestic product) as well as consumer sentiment ahead of the Memorial Day long weekend.

European stocks were lower as investors looked ahead to comments from U.S. Federal Reserve Chair Janet Yellen.

Asian markets ended mostly higher on the final trading day of the week as traders’ awaited direction from U.S. Fed.

Data docket: A second reading of GDP is set to come out at 8:30 a.m. ET, while consumer sentiment will be released at 10:00 a.m. The Treasury cash market closes at 2 p.m. ET.

 

 

The stem, cell and gene therapy regenerative medicine (SCGT&RM) sector closed NEGATIVE on Thursday, POSITIVE on Wednesday, Tuesday, Monday and last Friday.

The stem, cell and gene therapy regenerative medicine sector’s record after the last 5 days (of 43 covered companies):

  • Thursday closed NEGATIVE with 26 decliners, 13 advancers and  flats;
  • Wednesday closed POSITIVE with 15 decliners, 27 advancers and 1 flat;
  • Tuesday closed POSITIVE with 10 decliners, 29 advancers and 4 flats;
  • Monday closed POSITIVE with 12 decliners, 26 advancers and 5 flats;
  • Last, Friday closed POSITIVE with 10 decliners, 31 advancers and 2 flats;

 

Remembering Thursday’s post, “The knife fell and blood ensued.  Resistance levels prevented the sector from moving prices upward.”

 

You’ve made it to the office, turned on the monitor, having just gotten your coffee and it hits you - what could be today’s trades? 

 

Watch list:

  • The iShares Nasdaq Biotechnology (IBB) closed Thursday down -0.49% and is FLAT in Friday’s pre-market;
  • The SPDR S&P Biotech ETF (XBI) closed Thursday down -1%  and is DOWN -0.04% in Friday’s  pre-market;
  • NASDAQ Biotechnology (NBI) closed down Thursday -0.60%;
  • The Health Care Select Sector SPDR ETF (XLV) closed up Thursday +0.01% and is FLAT in Friday’s pre-market;
  • The iShares Russell 2000 (IWM) closed Thursday down -0.11% and is UP +0.22% in Friday’s pre-market.

 

 

Role of the day ...

  • Putting my head in the sand!

 

 

Opinions expressed are those of the author and are subject to change, and are not intended to be a forecast of future events, a guarantee of future results, nor investment advice.

Whether information or intelligence is good, bad or somewhere in between; I put into context what is relevant and useful for investors.

Henry McCusker, the editor and publisher of RegMed Investors does not hold or have positions in securities referred to in this publication.