March 7, 2018 5:01pm

There is some instability but when isn’t there volatility?

… No panic selling as the upside impetus returns

 

Sector confidence is at stake as I had stated, “Just might be a day to lighten the load, make a “buck” or come back and even buy a dip”

 

Interpretation, insight and translation with an end-of-day recap of the sessions impact, settlement with a little prognosis of what could or should happen next thrown in.

 

 

 

I make a commitment to provide need-to-know “facts in evidence” with first, fast, and furious editions of what’s happening in the stem, cell and gene therapy, and regenerative medicine sector even before news unfolds!

 

Henry’omics:

From the pre-open’s newsletter, “…it’s just another test of lows and resistance and another risk-off day of the “usual suspects”. Risk is a “situation” which involves hazard and the issue is the susceptibility of pricing and the degree of lost value.”

Slipping to the downside: CUR, CYTX, AST, ADVM, IMUC, MDXG, OSIR, ONVO and ADVM along with the always - NWBO

Sector and small-capitalization stocks defied the general weak trend with the Russell 2000 RUT, up 6 points, or 0.4%, to 1,568. RegMed, cell and gene therapy stocks have relatively NO exposure to international trade.

Investors don’t seem nervous as algorithms detected the oversold! The issue will be the overbought aspect will they be fresh pickings by Fridays …

Volume is still LOW …

 

 

The advance/decline line scenario of 40 covered companies:   

  • The open was negative with an A/DL of 17/19 and 4 flat ;
  • 10:30 a.m. a.m. was positive with an A/DL of 21/15 and 4 flats;
  • The mid-day continued positive the A/DL to 25/11 and 4 flats;
  • The close was positive with an A/DL of 29/9 and 2 flat;

 

 

MY working trend lines:

… The greatest volume to the downside:  IMUC, MDXG, CYTX, ADVM and ONVO

… Upside volume was weighted to:  VCEL, SGMO, XON, RGNX and FATE

… Biggest $ downside:  OSIR (-$0.35), MDXG (-$0.31), ADVM (-$0.25), KOOL (-$0.07) and ONVO (-$0.05)

… Largest $ upside:  RGNX (+$7.95), BLUE (+$6.05), AXGN (+$1.55), CLLS (+$1.02) and ONCE +$0.79)

… Flat: CUR and RENE.L

 

 

Daily analytics:

U.S. stocks headed south Wednesday as the resignation of top White House economic adviser Gary Cohn stoked fears of a trade war and sparked a selloff in equities and other assets perceived as risky.

  • The Dow sank 197 points, or 0.4%, to 24,686.
  • The S&P 500 declined 11 points, or 0.4%, to 2,716.
  • The NASDAQ rose 3 points to 7,375.

 

The CBOE Volatility Index (VIX) widely considered the best gauge of fear in the market,

  • Wednesday traded at 17.85, down -2.78% …
  • Tuesday traded at 18.36, down -1.98%
  • Monday traded at 18.73, down -4.39%
  • Friday traded  at 19.59, down -12.82%
  • Thursday traded 22.47, up +13.2%
  • Last Wednesday traded at 19.84, up +6.72%

 

The iShares Russell 2000 (IWM) indicated:

  • Wednesday was up +0.88%
  • Tuesday +1.06%
  • Monday +0.85%
  • Friday +1.57%
  • Thursday -0.31%
  • Last Wednesday -1.53%

 

The iShares NASDAQ Biotechnology (IBB) indicated:

  • Wednesday was up +0.61%
  • Tuesday +0.26%
  • Monday +1.10%
  • Friday +2.44%
  • Thursday -0.96%
  • Last Wednesday -1.83%

 

 

The count - decliners versus gainers:

……. look at the differences in decliners:

  • Wednesday’s decliners ranged from -2.41% <KOOL -$0.07> to -8.45% <IMUC -$0.03> in 9 equities;
  • Tuesday’s decliners ranged from -0.13% <BLCM -$0.01> to -6.09% <MESO -$0.47> in 13 equities;
  • Monday’s decliners ranged from -0.34% <RGNX -$0.10> to -3.17% <XON -$0.51> in 12 equities;
  • Friday decliners ranged from -0.21% <CLBS -$0.01> to -3.77% <BSTG -$0.12> in 7 equities;
  • Thursday’s decliners ranged from -0.02% <JUNO -$0.02> to -5.74% <CYTX -$0.0198> in 24 equities;
  • Last Wednesday’s decliners ranged from -0.21% <CLBS -$0.01> to -6.41% <AXGN -$2.00> in 25 equities;

Versus

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

  • Wednesday’s gainers ranged from +0.59% <BCLI +$0.02> to +26.90% <RGNX +$7.95> in 29 equities;
  • Tuesday’s gainers ranged from +0.16% <ONCE +$0.10> to +20.70% <IMUC +$0.06> in 22 equities;
  • Monday’s gainers ranged from +0.08% <QURE +$0.02> to +41.92% <VCEL +$3.50> in 27 equities;
  • Friday’s gainers ranged from +0.14% <JUNO +$0.12> to +24.73% <XON +$3.19> in 30 equities;
  • Thursday’s gainers ranged from +0.28% <MDXG +$0.02> to +16.27% <AXGN +$4.75> in 14 equities;
  • Last Wednesday’s gainers ranged from +0.16% <JUNO +$0.14> to +9.63% <BSTG +$0.29> in 14 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.