February 14, 2018 5:14pm

Sector intelligence and perspective

 

Sector opened down, flipping up at 10:15 a.m., staying up at the mid-day and closed to the upside

While the IBB (+2.04%), XBI (+2.62%), IWM (+1.82%), XLV (+1.15%) and NASDAQ (+130.10 or +1.86%) cruised skyward

 

Watch out tomorrow and Friday, there's more volatility ahead

 

Pre-open indications: 4 HITs and 0 MISS

 

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, “… two day upside streak. Can the sector stay the course as fluctuations and fundamentals split? Selling into strength is this market’s byproduct.”

In this morning’s economic data, the consumer price index (CPI) rose by its highest amount in five months in January. That builds on a recent spike in wage growth, which triggered concerns about inflation returning to the economy. That fear initially sparked a sharp decline in sector stocks; then taking the Dow, NASDAQ and the S&P into correction territory.

Watch out … for the “machines terminating” performance by Friday!!

 

Pre-open indications: 4 HITs and 0 MISS

  • Applied Genetic Technologies (AGTC) closed $0.00 – hit;
  • bluebird bio (BLUE) closed up +$7.65 – hit;
  • Biostage (BSTG) closed down -$0.04 – hit;
  • Vericel (VCEL) closed down -$0.05 – hit;

 

The advance/decline line scenario of 40 SCGT & RT covered companies:   

·         The open was negative with an A/DL of 13/25 and 2 flat ;

·         The mid-day positive with an A/DL of 25/9 and 6 flat;

·         The close was positive  with an A/DL of 27/10 and 3 flat;

 

 

MY working trend lines:

… The greatest volume to the downside:  ATHX, JUNO, IMUC, ADVM and ONCE

… Upside volume was weighted to:  SGMO, CAPR, CYTX, NWBO and XON

… Biggest $ downside:  ONCE (-$0.69), ADVM (-$0.40), JUNO (-$0.26), ATHX (-$0.20) and AST (-$0.10)

… Largest $ upside:  BLUE (+$7.65), QURE (+$2.31), SGMO (+$2.00), CLLS (+41.01) and AXGN (+$0.65)

… Flat:  ISCO, AGTC and RENE.L

 

 

Daily analytics:

U.S. stocks opened solidly lower on Wednesday, suggesting major indexes would snap a three-day streak of gains, after the latest data on inflation underlined concerns that the Fed could become more aggressive in raising interest rates.

·         The Dow fell 120 points, or 0.4%, to 24,535.

·         The S&P 500 lost 9 points to 2,655, a drop of 0.3%.

·         The NASDAQ shed 27 points to 6,986, a decline of 0.4%.

 

The CBOE Volatility Index (VIX) widely considered the best gauge of fear in the market, Wednesday traded at 19.22, down 23.03% …

  • Tuesday traded at 24.97, down -2.50% …

 

 

The sector’s roller coaster …

… The iShares Russell 2000 (IWM) indicated:

·         Wednesday was up +1.82%

·         Tuesday +0.22%

… The iShares NASDAQ Biotechnology (IBB) indicated:

·         Wednesday was up +2.04%

·         Tuesday +0.18%

 

 

The count - decliners versus gainers:

……. look at the differences in decliners:

·         Wednesday’s decliners ranged from -0.15% <FCSC -$0.001> to -12.42% <ATHX -$0.20> in 10 equities;

Versus

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

·         Wednesday’s gainers ranged from +0.75% <RGNX +$0.20> to +15.74% <CYTX +$0.048> in 27 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.