June 14, 2017 5:59pm
Today fed the negative sentiment
… Traders and traders are chewing on speculation
While ETFs and algorithms bend the indexes
… As I had stated, “There is NO smooth sailing in these currents.”
Pre-open indications re-cap: 3 hit and 4 miss, even I under-estimated selling into strength
I answer one question, in which company should investors commit and keep their money.
What have you missed, Wednesday’s results have implications to Thursday'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.
The advance/decline line scenario of 43 SCGT & RT covered companies:
· The open number was unavailable;
· The mid-day was negative with an A/DL of 18/22 and 0 flats;
· The close was negative with an A/DL of 18/19 and 6 flat;
Pre-open indications re-cap: 3 hit and 4 miss …
· Asterias Biotherapeutics (NYSEMKT: AST) closed down -$0.35 – miss;
· Bellicum Pharmaceuticals (BLCM) closed up +$0.49 – miss;
· BioTime (NYSEMKT: BTX) closed down -$0.29 – miss;
· bluebird bio (BLUE) closed down -$0.55 – hit;
· Brainstorm Cell Therapeutics (BCLI) closed down -$0.04 – hit;
· Juno Therapeutics (JUNO) closed UP +$0.54 – miss;
· Kite Therapeutics (KITE) closed UP +$0.36 – hit;
Henry’omics:
From the pre-open’s investor’s newsletter … “Irregular patterns are conflicting with fundamentals, low volume and mostly small pricing movement … The wild card is external sector issues, the Fed and political turmoil re Comey, Trump, Sessions and the Russian connections.”
- Reiterating, “One symptom is related to quantitative and computer trading while the real issue is that FAKE news draws away our attention!”
What is Wednesday, another sign of sector weakness!
Let’s not forget that on Friday – options expire.
Daily analytics:
U.S. equities closed DOWN on Wednesday … with the DOW closing UP +22% (+46.09) as the NASDAQ closed DOWN -0.41% (-25.48) …
… The CBOE Volatility Index (VIX) widely considered the best gauge of fear in the market, traded again near 10.6 …
· Tuesday traded near 10.6 after Monday traded 11.48 – up +7.29%, Friday traded near 10.6, Thursday’s near 10.2 … 1.5% lower after last Wednesday’s near 10.32 - -1.24% …
Welcome to another day of the sector’s roller coaster …
… The iShares Russell 2000 (IWM) indicated a positive +0.29% at the pre-open and closed
· Wednesday traded DOWN -0.59%
· Tuesday+0.51%,
· Monday -0.16%,
· Friday+0.52%
· Thursday +1.34%
· Last Wednesday +0.10%
… The iShares NASDAQ Biotechnology (IBB) indicated a positive +0.26% in the pre-open and closed
· Wednesday traded UP +0.56%
· Tuesday +0.41%
· Monday -0.30%,
· Friday -0.22%
· Thursday +0.63%
· Last Wednesday +0.06%
The count - decliners versus gainers:
……. look at the differences in the spreads ……….
· Wednesday’s decliners ranged from -0.09% <BSTG> to -16.83% <IMUC> in 19 equities;
· Tuesday’s decliners ranged from -0.61% <BLCM> to -9.82% <IMUC> in 13 equities;
· Monday’s decliners ranged from -0.31% <BTX> to -7.83% <ISCO> in 22 equities;
· 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;
· Last Wednesday’s decliners ranged from -0.45% <BLFS> to -7.72% <NWBO> in 21 equities;
Versus
· Wednesday’s gainers ranged from +0.40% <KITE> to +5.14% <FCSC> in 18 equities;
· Tuesday’s gainers ranged from +0.26% <CLLS> to +12.70% <AST> in 26 equities;
· Monday’s gainers ranged from +0.13% <ONCE> to +15.20% <FCSC> in 15 equities;
· 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;
· Last Wednesday’s gainers ranged from +0.27% <XON> to +11.15% <BLUE> in 16 equities;
Some of MY working trend lines or indications for tomorrow:
… The greatest volume to the downside: RENE.L, MDXG, BTX, ONVO and BLUE
… Upside volume was weighted to: JUNO, KITE, BLCM, XON and SGMO
… Biggest $ downside: CLLS, BLUE, AST, BTX and MDXG
… Largest $ upside: XON, JUNO, BLCM, KITE and AXGN
… Flats: VSTM, STML, ATHX, ADVM and VCEL
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.
