September 25, 2017 6:17pm

Stocks opened lower, added a little growth at the mid-day and closed to the downside

The sector is nervous and unsure within “this” market

 

Pre-open indications: 3 hit and 3 miss (2 by pennies)

 

The truths of “our” universe are reported - here!

 

I answer one question, in which company should investors commit and keep their money. In the grip of rotating cycles and disparaging trends, what is the price of sector knowledge – a subscription!  


 

Monday’s results have implications to Tuesday’s sector activity as a daily report may say little or a lot and it serves as insurance that all indications are being examined and evaluated!

 

Henry’omics:

From the pre-open’s newsletter “Sector enthusiasm remains pessimistic. Once a week, when sector equities become elevated; it seems recently it doesn’t take much to tip them over the edge into an oversold position. Even we are agonizing over a depreciating plummet, with seemingly no external causes.”

The CBOE Volatility Index (.VIX), widely considered the best gauge of fear in the market, climbed to 11.19, its highest since September 11.

The small-cap Russell 2000 hit an intraday record of 1452.89, surpassing the prior high touched on July 25.

 

Cell, stem and gene therapy companies moved to the downside again on what – an algorithmic computation.

Some of MY working trend lines or indications:

… The greatest volume to the downside:  JUNO, NWBO, MDXG, SGMO and ATHX

… Upside volume was weighted to:  CAPR, KITE, BSTG, RGNX and VSTM

… Biggest $ downside:  JUNO, QURE, MDXG, SGMO and FATE

… Largest $ upside:  RGNX, ONCE, BLUE, AXGN and BLCM

… Flat:  PSTI, AGTC, RENE.L and IMUC

 

Off the cuff remarks … which ring true …?

Applied Genetic Technologies (AGTC $3.65) closed FLAT yet again, getting stuck in the bottom of the barrel and what is the company doing or saying – NOTHING! On 1/3/17 AGTC was priced at $9.55. AGTC had closed down -$0.05 on Thursday after being <Wednesday> flat at $3.65 after Tuesday’s  -$0.025 following CEO Susan Washer, a CURRENT recipient of the “rocket women” designation for assisting in the destruction of her companies share pricing and doing NOTHING … to mitigate the issues!

  • CAPR was UP +$0.03 post Friday’s +$0.14 after Thursday’s -$0.03 following Wednesday’s -$0.22 after Tuesday’s +$0.93 after Monday’s +$0.32 on a press release of October’s data release – wait for the erosion! Icarus flew high and crashed into the sea – just another I told you so as CEO Marban STILL  gets MY “rocket women CEO” designation!

Biostage (BSTG) was up +$0.012 after Friday’s as usual NOWHERE after Thursday’s 0.00 after Wednesday’s down -0.00 – another  failed company kept alive by issues of salary continuation; thus James McGorry gets a “rocket man” designation as BSTG contemplates legal “suicide” – a bankruptcy … IF a judge does NOT rule in their favor in the on-going and unresolved terminal death suit. Former executive employees are reading their filings and JUST might shed some further light on their legal issues – BSTG should have treated them with some … respect!

  • PSTI went NOWHERE after being down on Friday -$0.02 after Thursday’s flat at $1.56 after Wednesday’s $0.03 – never holds, it will decline … MORE!

 

Reiterating, “It’s just a merry-go-round of share pricing – get on and when the music changes get off – to get back on when the tune changes!”

 

 

Pre-open indications: 3 hit and 3 miss

  • Athersys (ATHX) closed down -$0.06 – hit;
  • Bellicum Therapeutics (BLCM) closed up +$0.21 – miss;
  • BioLife Solutions (BLFS) closed down -$0.11 – hit;
  • bluebird bio (BLUE) closed up +$1.75 – miss;
  • Capricor (CAPR) closed up +$0.03 – miss;
  • Pluristem (PSTI) closed flat at $1.54 – hit;

 

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

·         The first hour was negative with an A/DL of 18/20 and 55 flats;

·         The mid-day was positive  with an A/DL of 22/19 and 2 flats;

·         The close was negative with an A/DL of 16/23 and 4 flats;

 

 

Daily analytics:

U.S. stock-market indexes ended lower on Monday on the back of a fresh flare up in tensions between the U.S. and North Korea and a sharp decline in technology shares.

  • The Dow slipped 53.50 points, or 0.2%, to 22,296.09.
  • The NASDAQ fell 56.33 points, or 0.9%, to 6,370.59, representing its sharpest single session slump since Sept. 5.
  • The S&P 500 index relinquished 5.56 points, or 0.2%, to 2,496.66, with six of the main 11 sectors ending lower.

 

The CBOE Volatility Index (VIX) widely considered the best gauge of fear in the market; Monday traded at 10.21, up +6.47%

  • Friday traded at 9.59, down -0.83% after Thursday traded at 9.67, down -1.12% after Wednesday traded at 9.78, down -3.93% after Tuesday closed at 10.18, up +0.30% after last Monday traded at 10.15, down -0.20%

 

 

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

… The iShares Russell 2000 (IWM) indicated:

·         Monday was up +0.23%

·         Friday +0.43%

·         Thursday -0.10%

·         Wednesday +0.33%

·         Tuesday was FLAT (haven’t seen that in quite a while)

·         Last Monday +0.70%

 

… The iShares NASDAQ Biotechnology (IBB) indicated:

·         Monday was up +0.44%

·         Friday -0.40%

·         Thursday -0.44%

·         Wednesday +0.85%

·         Tuesday -0.67%

·         Last Monday +0.11%

 

 

The count - decliners versus gainers:

……. look at the differences in the spreads as decliners jump and %

·         Monday’s decliners ranged from -0.16% <XON -$0.03> to -10.97% <CYTX -$0.04> in 22 equities;

·         Friday’s decliners ranged from -0.04% <KITE -$0.08> to -9.36% <OPXA -$0.10> in 20 equities;

·         Thursday’s decliners ranged from -0.20% <KITE -$0.20 > to -9.36% <OPXA -$0.10 > in 21 equities;

·         Wednesday’s decliners ranged from -0.18% < MESO -$0.01> to -19.63% < NWBO -$0.043> in 23 equities;

·         Tuesday’s decliners ranged from -0.31% <BLCM -$0.04> to -3.73% <MDXG -$0.51> in 21 equities;

·         Last Monday’s decliners ranged from -0.36% <BSTG -$0.0012> to -6.13% <ONVO -$0.13> in 11 equities;

Versus

… Look at the percentage’s (%) and spreads …

·         Monday’s gainers ranged from +0.01% <KITE +$0.01> to +9.56% <RGNX +$2.70> in 16 equities;

·         Friday’s gainers ranged from +0.18% <MESO +$0.01> to +8.46% <JUNP +$3.52> in 18 equities;

·         Thursday’s gainers ranged from +0.11% <CLLS +$0.03> to +12.01% <QURE +$1.02> in 16 equities;

·         Wednesday’s gainers ranged from +0.11% <CLLS ++0.03> to +17.83% <CUR +$0.21> in 19 equities;

·         Tuesday’s gainers ranged from +0.26% <CLBS +$0.01> to +70.45% <CAPR +$0.93> in 19 equities;

·         Last Monday’s gainers ranged from +0.16% <KITE +$0.28> to +32% <CAPR +$0.32> in 28 equities;

 

 

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.