September 27, 2017 6:20pm

An expression of joy as the sentiment tug of war for once helps the oversold

… And as rotations are defined by algorithms and rebalancing

 

Pre-open indications: 4 hits and 1 miss

 

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! 

 

 

Wednesday’s results have implications to Thursday’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 “the sector is spooked as the month’s close is in sight with rebalancing in progress. Q3 is also coming to an end as funds lock-in any profit.”

Reiterating, “Fasten your seatbelts; October is just around the corner, and historically it’s the most volatile month of all for stocks.”

Another embarkation point and a potential worry, the Russell 2000 rallied again on Wednesday, hitting an intraday record in what was on track to be its biggest one-day percentage gain since June. The index of small companies (RUT) after Tuesday’s +1.68% gaining another +1.92% to 1,484.81 and was set for its fifth straight daily rise, as well as its best day since June 28.

  • The index was at an all-time high, bringing its year-to-date advance more than 9%. While small-caps had been struggling, dropping between mid-July and mid-August, they have since staged a powerful rebound, gaining nearly 10% since that intraday low.

 

 

Some of MY working trend lines or indications:

… The greatest volume to the downside:  MDXG, ATHX, CAPR, BSTG and CUR

… Upside volume was weighted to:  SGMO, NWBO, VCEL, JUNO and KITE

… Biggest $ downside: MDXG (-$0.40), ATHX (-$0.25), OSIR (-$0.14), CUR (-$0.12) and OPXA (-$0.10)

… Largest $ upside:  ONCE (+$2.68), BLUE (+$1.95), RGNX (+$1.65), SGMO (+$0.85) and JUNO (+$0.63)

… Flat:  NONE

 

Showing their surprise moves:

VCEL +$0.60 – a wow as the Q ends and a Ladenburg presentation, as HSGX barely pops +$0.01, AXGN +$0.10 and MDXG drops -$0.40 …

ADRO (+$0.25), ADVM (+$0.10) who presented pre-clinical ocular disorder data and even AGTC at $0.05 after being flat for 4 sessions out of six …

BSTG was a usual loser -$0.029 after being barely up for a few days – still waiting for the judge’s ruling re their terminal death suit …

AST +$0.15 and mothership BTX was also up +$0.10 …

CAPR closed down -$0.06 – they can’t keep fooling investors for long …

Immuno-oncologists - JUNO +$0.63 KITE +$0.04 and BLCM +$0.06 were up .., while VSTM was recharged +$0.17

ATHX was down -$0.25 as many question their cash position going forward and their clinical “manufacturing” issues as trials continue …

CLBS closed down -$0.08 – even out of favor with all that cash, maybe an issue of focus and ability and capacity of current CEO’s strategic and tactical operating skills … just can’t get any respect!

 

 

Pre-open indications: 4 hits and 1 miss

  • BioLife Solutions (BLFS) closed down -$0.04 – hit;
  • Juno Therapeutics (JUNO) closed up +$0.63 – hit;
  • MiMedx (MDXG) closed down -$0.40 – miss;
  • Regenxbio (RGNX) closed up +$1.65 – hit;
  • Verastem (VSTM) closed up +$0.17 – hit;

 

 

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

·         The first hour was positive with an A/DL of 23/14 and 6 flats;

·         The mid-day was positive  with an A/DL of 24/13 and 6 flats;

·         The close was positive with an A/DL of 30/13 and 0 flats;

 

 

Daily analytics:

U.S. stocks rose on Wednesday, with the Dow ended a four-day losing streak and the small-cap Russell 2000 notching a record close as President Donald Trump and congressional Republicans touted a sweeping tax overhaul.

·         The Dow rose 56.39 points, or 0.3%, to end at 22,340.71, erasing an earlier loss.

·         The S&P 500 rose 10.2 points, or 0.4%, to close at 2,507.04, less than 0.1% from a record close set last week. The index hit an all-time intraday high of 2,511.75 during the session.

·         The NASDAQ rose 73.10 points, or 1.2%, to 6,453.26.

 

The CBOE Volatility Index (VIX) widely considered the best gauge of fear in the market; Wednesday traded at 9.87, down -2.95% …

  • Tuesday traded at 10.127, down -0.39% after Monday traded at 10.21, up +6.47% after Friday traded at 9.59, down -0.83% after Thursday traded at 9.67, down -1.12% after last Wednesday traded at 9.78, down -3.93%

 

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

… The iShares Russell 2000 (IWM) indicated:

·         Wednesday was up +1.96%

·         Tuesday +0.32%

·         Monday +0.23%

·         Friday +0.43%

·         Thursday -0.10%

·         Last Wednesday +0.33%

 

… The iShares NASDAQ Biotechnology (IBB) indicated:

·         Wednesday was up +0.57%

·         Tuesday -0.93%

·         Monday +0.44%

·         Friday -0.40%

·         Thursday -0.44%

·         Last Wednesday +0.85%

 

 

The count - decliners versus gainers:

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

·         Wednesday’s decliners ranged from -0.23% <QURE -$0.02> to -10.20% <ATHX -$0.25> in 13 equities;

·         Tuesday’s decliners ranged from -0.05% <XON -$0.01> to -9.36% <OPXA -$0.10> in 23 equities;

·         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;

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

Versus

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

·         Wednesday’s gainers ranged from +0.02% <KITE +$0.04> to +12.24% <VCEL +$0.60> in 30 equities;

·         Tuesday’s gainers ranged from +0.18% <KITE +$0.33> to +5.30% <BLFS +$0.28> in 17 equities;

·         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;

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