June 10, 2017 3:17pm

 

… From the “sells” into strength

As I had stated, “There are dollars on the table and trader’s daggers are out for profit-taking”

 

The upsides are trending toward being overbought

 

Pre-open indications re-cap: 5 hits and 4 miss

 

I answer one question, in which company should investors commit and keep their money.

 

Lose an advantage or be a subscriber! 

Friday’s results have implications to Monday's sector activity.  

 

 

 

 


 

A daily report may say little or a lot and its final judgement may be inconclusive; yet it serves as insurance that all indications are being examined and evaluated.

 

 

Henry’omics:

From the pre-open’s investor’s newsletter … “what is the hook to stay invested.”

  • Reiterating, “There are dollars on the table and trader’s daggers are out for profit-taking … after a head-scratching Thursday.  Sell into strength to come back in the next rotation.”

The Dow closed at a record on Friday even as the NASDAQ skidded nearly 2% as the technology sector abruptly fell in afternoon trade. The NASDAQ’s retreat comes on the heels of an early record and marked the biggest one-day decline for the NASDAQ since May 17, when it tumbled more than 2.5%.

  • Many sector stocks had hit new highs recently, so traders are just helping the appreciation flow out!

The low volume and downside volatility drove the sector to the dump although a few positive s were recycled!

 

Friday was just simple profit-taking, a rotation to cash accounts!

 

 

The advance/decline line scenario of 43 SCGT & RT covered companies:   

·         The open was negative with an A/DL of 10/27 and 5 flats ;

·         The mid-day was positive with an A/DL of 21/13 and 9 flats;

·         The close was negative with an A/DL of 13/29 and 1  flat;

 

 

Pre-open indications re-cap:  5 hits and 4 miss …

  • Applied Genetic Technologies (AGTC) closed up +$0.25 – hit;
  • bluebird bio (BLUE) closed up +$0.90 – miss;
  • Cytori (CYTX) closed down -$0.03 – hit;
  • Juno Therapeutics (JUNO) closed down -$0.68 – miss;
  • Kite Therapeutics (KITE) closed up +$1.12 – miss;
  • Mesoblast (MESO) closed down -$0.77 – hit;
  • Regenxbio (RGNX) closed down -$0.35 – hit;
  • Sangamo (SGMO) closed down -$0.35 – hit;
  • Verastem (VSTM) closed down -$0.07 –miss;

 

 

Daily analytics:

U.S. equities closed UP on Friday … with the DOW closing UP +0.42% (+89.44) as the NASDAQ closed DOWN -1.80% (-113.85)

… The CBOE Volatility Index (VIX) widely considered the best gauge of fear in the market, traded near 10.6 after …

Thursday traded near 10.2 … 1.5% lower after Wednesday’s near 10.32 - -1.24%, Tuesday’s 10.5, Monday’s near 9.8 and  Friday’s near 9.8 …

 

Welcome to another day of the sector’s roller coaster …

… The iShares Russell 2000 (IWM) indicated a positive +4% at the pre-open and closed

·         Friday traded UP +0.52%

·         Thursday +1.34%

·         Wednesday +0.10%

·         Tuesday -0.09%

·         Monday -0.55%

·         Last Friday +0.65%,

… The iShares NASDAQ Biotechnology (IBB) did NOT indicated in the pre-open and closed

·         Friday traded DOWN -0.22%

·         Thursday +0.63%

·         Wednesday +0.06%

·         Tuesday -0.46%

·         Monday -0.62%

·         Last Friday +1.68%

 

 

The count - decliners versus gainers:

……. look at the differences in the spreads ……….

·         Friday’s decliners ranged from -0.39% <QURE> to -8.68% <MESO> in  29 equities;

·         Thursday’s decliners ranged from -0.30% <FATE> to -8.33% <ISCO> in 12 equities;

·         Wednesday’s decliners ranged from -0.45% <BLFS> to -7.72% <NWBO> in 21 equities;

·         Tuesday’s decliners ranged from -0.37% <ONCE> to -6.98% <NWBO> in 19 equities;

·         Monday’s decliners ranged from -0.16% <CLLS> to -10.74% <JUNO> in 30 equities;

·         Last Friday’s decliners ranged from -0.33% <ONCE> to -3.85% <ISCO> in 11 equities;

Versus

·         Friday’s gainers ranged from +0.63%  <BTX> to +5% <AGTC> in 13 equities;

·         Thursday’s gainers ranged from +0.12%  <CLLS> to +7.26% <MESO> in 30 equities;

·         Wednesday’s gainers ranged from +0.27%  <XON> to +11.15% <BLUE> in 16 equities;

·         Tuesday’s gainers ranged from +0.12%  <CLLS> to +7.56% <BLUE> in 18 equities;

·         Monday’s gainers ranged from +0.68% (+$0.01) <ATHX> to +8.50% <BLUE> in 10 equities;

·         Last Friday’s gainers ranged from +0.46% <VSTM> to +6.98% <JUNO> in 31 equities;

 

 

Some of MY working trend lines or indications for tomorrow:

… The greatest volume to the downside:  RENE.L, JUNO, ONVO, MDXG and NWBO

… Upside volume was weighted to:  KITE, BLUE, BTX, ATHX and AGTC

… Biggest $ downside:  MESO, JUNO, AXGN, ONCE and BLCM

… Largest $ upside: KITE, BLUE, AGTC, ADRO and CLBS

… Flats:  VTGN

 

 

Opinions expressed are those of the author and are subject to change, and 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.  All investments are subject to risks. Investors should consider investment objectives.

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