September 28, 2017 6:23pm

As the month and quarter count down …

Risks are repeatedly opinionated to the upside and skewered on the downside

 

Pre-open indications: 1 hit and 2 miss (both 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! 

 


 

Thursday’s results have implications to Friday’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 equities are punching above their weight class. In the ring of a momentum driven sector – fight or hit the canvas … Sector companies need to “check hook” with aggressive outreach and “bolo punch” to distract the algorithms.”

The Trump administration’s tax-overhaul proposal continued to fuel some buying appetite for equities.

The Russell 2000 (RUT) rose 3.97 points, or 0.3%, at 1,488.79, marking its second straight record finish.

And as I had stated, “Will the sector bob and weave or will it “catch a cold” - The term used to describe a fighter knocked out early in the fight who was not mentally prepared or warmed up properly or feint, when a fighter acts like he’s going to punch but does not in order to get his opponent to react.”

Or as I say, “go to the body” - a strategy that centers on trying to deplete an algorithms resolution by repeatedly punching the outreach.

The sector BEAT the algorithms … in a clean match!

 

 

Some of MY working trend lines or indications:

The greatest volume to the downside:  MDXG, ATHX, BSTG, RGNX and XON

Upside volume was weighted to:  IMUC, JUNO, BLUE, VCEL and SGMO

Biggest $ downside: STML (-$0.30), XON (-$0.19), AXGN (-$0.10), AST (-$0.10) and MESO (-$0.07)

Largest $ upside:  BLUE (+$12.55), JUNO (+$1.77), ONCE (+$1.55), SGMO (+$0.60) and QURE (+$0.29)

Flat:  VTGN, RENE.L, KOOL, OSIR and ADVM

 

 

Showing their moves:

VCEL was up again +$0.10 after yesterday’s +$0.60 – a wow as the Q comes to close to an end and a Ladenburg presentation, as HSGX barely pops +$0.02  following Wednesday’s +$0.01, AXGN drops $0.10 after yesterday’s +$0.10 and MDXG drops again -$0.06 following yesterday’s -$0.40 …

Even AGTC was up again $0.05 after being flat for 6 sessions out of six …

BSTG was a usual loser was down again -$0.0105 after yesterday’s -$0.029 after being barely up for a few days – still waiting for the judge’s ruling re their terminal death suit …

AST was down -$0.10 after yesterday’s +$0.15 and mothership BTX was up +$0.02 following Wednesday’s +$0.10 … they both NEED cash to prop their balance sheets

CAPR closed up +$0.05 post being down -$0.06 – they can’t keep fooling investors for long …

Immuno-oncologists - JUNO was up +$1.77 post yesterday’s +$0.63, KITE was up +$0.05 following Wednesday’s +$0.04 and BLCM was down -$0.03 post being up +$0.06, while VSTM was recharged +$0.01 following Wednesday’s +$0.17

ATHX was down again -$0.07 after being down -$0.25 as many question their cash position going forward and their clinical “manufacturing” issues as trials continue …

CLBS closed down again -$0.07 after being down  -$0.08 – the same story: seemingly out of favor with all that cash, maybe an issue of focus, ability and capacity of current CEO’s strategic and tactical operating skills … just can’t get any respect!

 

Pre-open indications: 1 hit and 2 miss

  • Adverum Biotechnologies (ADVM) closed flat at $3.45 – hit;
  • MiMedx (MDXG) closed down -$0.06 – miss;
  • Vericel (VCEL) closed up +$0.10 – miss;

 

 

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

·         The first hour was negative with an A/DL of 17/23 and 3 flats – the opposite of yesterday;

·         The mid-day was positive  with an A/DL of 23/14 and 6 flats;

·         The close was positive with an A/DL of 24/14 and 5 flats;

 

 

Daily analytics:

U.S. stock benchmarks posted slight gains on Thursday, but the advance was enough to record a trio of all-time highs for three closely followed benchmarks: the Russell 2000, Dow transports and the S&P 500.

·         The Dow rose 40 points, or 0.2%, to close at 22,381.

·         The S&P 500 added 3.02 points, or 0.1%, to end at 2,510.06, representing its 38th all-time closing high of 2017.

·         The NASDAQ closed little changed, with a rise of 0.19 point, or less than 0.1%, to 6,453.45.

 

The CBOE Volatility Index (VIX) widely considered the best gauge of fear in the market; Thursday traded at 9.55, down -3.24% …

  • Wednesday traded at 9.87, down -2.95% after 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% and last Thursday traded at 9.67, down -1.12%

 

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

… The iShares Russell 2000 (IWM) indicated:

·         Thursday was up +0.28%

·         Wednesday+1.96%

·         Tuesday +0.32%

·         Monday +0.23%

·         Friday +0.43%

·         Last Thursday -0.10%

 

… The iShares NASDAQ Biotechnology (IBB) indicated:

·         Thursday was up +$0.46%

·         Wednesday +0.57%

·         Tuesday -0.93%

·         Monday +0.44%

·         Friday -0.40%

·         Last Thursday -0.44%

 

 

The count - decliners versus gainers:

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

·         Thursday’s decliners ranged from -0.16% <RGNX -$0.05> to -3.29% <BSTG -$0.0105> in 14 equities;

·         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;

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

Versus

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

·         Thursday’s gainers ranged from +0.03% <KITE +$0.05> to +3.13% <CUR +$0.04> in 24 equities;

·         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;

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