November 27, 2017 5:34pm
The new congestion to the upside, exposure to ETFs
But, sentiment is still the weakness that maims
How right does one have to be? You could and should be reading this review of the day’s share pricing activity?
Is the truth so hard to fathom – that’s why my readership has grown exponentially!
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, “cyber Monday - does that mean an even more discount and buying of sector equities?”
RegMed and cell therapy stocks edged lower on Monday, retreating slightly from two positive closes and a holiday, as traders returned to work in the first full trading session after the Thanksgiving holiday.
- Among companies that benefited from Monday were … CLLS (+$0.56), STML (+$0.50), FCSC (+$0.24), CLBS (+$0.05) and ADVM (+$0.03) followed by minimal moves.
On the downside, JUNO (-$1.63), QURE (-$0.85), RGNX (-$0.45), and BLCM (-$0.23) fell, tracking an advance/decline line of 11/29.
- The downside slide came as investors turned their attention elsewhere!
The sector is always a news or ‘show me' story; and it only takes a bit of news for these companies to go higher.
The advance/decline line scenario of 43 SCGT & RT covered companies:
· The open was negative with an A/DL of 18/22 and 3 flats ;
· The mid-day was negative with an A/DL of 13/27 and 3 flats;
· The early close was negative with an A/DL of 11/29 and 3 flats;
Some of MY working trend lines or indications:
… The greatest volume to the downside: RENE.L, JUNO, XON, IMUC and SGMO
… Upside volume was weighted to: NWBO, FCSC, BTX, PSTI and CLLS
… Biggest $ downside: ONCE (-$2.32), JUNO (-$1.67), QURE (-$0.87), RGNX (-$0.40) and SGMO (-$0.35)
… Largest $ upside: CLLS (+$0.55), STML (+$0.45), FCSC (+$0.25), MESO (+$0.17) and OSIR (+$0.13)
… Flat: CUR, AST and ADVM
Daily analytics:
U.S. stocks edged lower on Monday, retreating slightly from record levels hit earlier in the session, as traders returned to work in the first full trading session after the Thanksgiving holiday.
· The Dow rose 22.79 points to close at 23,580.78 points higher, just missing a record close. However, the index did manage to hit an intraday record of 23,638.92.
· The S&P 500 fell 0.04% to close at 2,601.42.
· The NASDAQ declined 0.15% to finish the day at 6,878.52.
The CBOE Volatility Index (VIX) widely considered the best gauge of fear in the market; Monday traded at 9.87, down 00.10% …
- Friday traded at 9.65, down -2.33% after Thursday was turkey day, Wednesday traded at 9.98, up +1.54% followed Tuesday trading at 9.72, down -8.54% while Monday traded at 10.65, down -6.82% …
Welcome to another day of the sector’s roller coaster …
… The iShares Russell 2000 (IWM) indicated:
· Monday was down -0.31%
· Friday was up +0.04%
· Thursday was holiday
· Wednesday -0.13%
· Tuesday +1.05%
· Last Monday +0.72%
… The iShares NASDAQ Biotechnology (IBB) indicated:
· Monday was down -0.70%
· Friday was up +0.04%
· Thursday was holiday
· Wednesday was up +0.58%
· Tuesday +0.77%
· Last Monday -0.93%
The count - decliners versus gainers:
……. look at the differences in the spreads as decliners jump and %
· Monday’s decliners ranged from -0.03% <BLUE -$0.05> to -11.18% <BSTG -$0.01> in 29 equities;
· Friday’s decliners ranged from -0.31% <VTGN -$0.0027> to -0.17% <RGNX -$0.05> in 25 equities;
· Thursday was turkey day
· Wednesday’s decliners ranged from -0.03% <BLUE -$0.05> to -10.26% <IMUC -$0.035> in 16 equities;
· Tuesday’s decliners ranged from -0.14% <BSTG -$0.00> to -21.03% <NWBO -$0.06> in 22 equities;
· Last Monday’s decliners ranged from -0.13% < QURE -$0.02> to -6.43% <MDXG -$0.76> in 24 equities;
Versus
… Look at the percentage’s (%) and spreads …
· Monday’s gainers ranged from +0.71% <FATE +$0.03> to +17.24% <FCSC +$0.25> in 11 equities;
· Friday’s gainers ranged from +0.11% <ONCE +$0.08> to +8% <NWBO +$0.02> in 24 equities;
· Thursday was a holiday;
· Wednesday’s gainers ranged from +0.80% <MESO +$0.04> to +12.90% <CYTX +$0.044> in 26 equities;
· Tuesday’s gainers ranged from +0.03% <IMUC +0.00 > to +20.74% <KOOL +$0.67> in 19 equities;
· Last Monday’s gainers ranged from +0.46% < FATE +$0.02 > to +32.42% <NWBO +$0.07> 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.
