May 24, 2018 5:18pm
Not an addiction but, “never leave an investor uninformed’ – my motto!
Low volume is still a concern as
… The upside was broader (range of +$0.04 to -$2.28) in 23 equities while the downside ranged weakly and weaker (-$0.028 to - $0.80 with a topper at -$2.40) was in 18 stocks
We keep you informed, if you want to be knowledgeable of the “bones” of the sector - be a subscriber to understand what you need to do in tomorrow’s market. Let the “numbers” speak since sentiment is capricious!
Henry’omics:
From the pre-open newsletter, “long holiday weekend ahead; I’m seeking early release from the market watching cell block having been incarcerated for defining risks. I will be grabbing ANY gains to monetize my break-out and beat the exodus.”
I also stated, “Heading to a long holiday weekend, I exited stage right and early – there are too many market “tagging” issues that could” blow-up” the indexes. So I am happy to SELL the overbought and ignore those who have fallen to the “wayside” this week!”
But, I am doing a short version of a daily review – as MAY dissolves!
Falling into the downside (and deserved) category (BLUE, RARE, AGTC, GBT, SLDB, MESO CLLS, VCEL and BSTG <-$0.05 a criminal enterprise in MY opinion>) …
While the upside of SAGE, QURE, IONS, ALNY, VYGR and ONCE with CRSP– each one again in league of AXGN, BOLD, EDIT and NTLA saw some serious movement in a session have been “quibbled-over” in the last few weeks due to Q1 “earnings”.
The advance/decline line scenario of 45 covered companies:
- The open was positive with an A/DL of 25/17 and 3 flats;
- The mid-day slipped negative with an A/DL of 23/20 and 2 flat;
- The close was positive with an A/DL of 23/18 and 4 flats;
MY working five (5) trend lines:
… The greatest volume to the downside: MDXG, ONVO, KOOL, BMRN and XON
… Upside volume was weighted to: CRSP, VSTM, SGMO, BOLD and EDIT
… Biggest $ downside: BLUE (-$2.40), RARE (-$0.80), AGTC (-$0-.80), GBT (-$0.45) and SLDB (-$%0.450
… Best moves to the $ upside: SAGE (+$2.28), QURE (+$1.99), IONS (+$1/14), ALNY (+$0.87) and VTGR (+$0.84)
… Flats: CUR, ADVM, RENE.L and OSIR
Daily analytics:
U.S. market indexes closed lower Thursday after President Donald Trump announced that the hotly anticipated summit next month with North Korea was cancelled.
- The Dow fell -0.30% or 75.05 points to finish at 24,811.76, well off a 280-point drop following news of the cancelled summit in Singapore.
- The S&P 500 shed 0.2% or -5.53 points to close at 2,727.76,
- The NASDAQ finished down -0.03% or -1.53 points
The CBOE Volatility Index (VIX) widely considered the best gauge of fear in the market,
- Thursday traded at 12.62, up +0.32%
- Wednesday traded at 12.68, down -4.46%
- Tuesday traded at 13.18, up +0.76%
- Monday traded at 13.08, down -2.53%
- Friday traded at 13.42, down -0.07%
- Last Thursday traded at 13.40, down -0.15%
The iShares Russell 2000 (IWM) indicated:
- Thursday closed up +0.05 %
- Wednesday closed up +0.15 %
- Tuesday closed down -0.73%
- Monday closed up +$0.66%
- Friday closed up +0.13%
- Last Thursday +0.46%
The iShares NASDAQ Biotechnology (IBB) indication:
- Thursday closed up +0.08%
- Wednesday closed up +0.50%
- Tuesday closed up +0.32%
- Monday closed down -1.32%
- Friday closed up +0.20%
- Last Thursday was up +0.06%
The count in May - decliners versus gainers:
……. look at the differences in decliners:
- Thursday’s decliners ranged from –0.20% <BMRN -$0.18 > to -15.09% <AGTC -$0.80 > in 18 equities;
- Wednesday’s decliners ranged from – 0.16% <MESO -$0.01 > to -5.16% <SAGE -$8.49 > in 16 equities;
- Tuesday’s decliners ranged from -%0.27 <VYGR -$0.05 > to -7.14% <AST -$0.125> in 16 equities;
- Monday’s decliners ranged from -0.09% <FATE -$0.01 > to -6.35% <SLDB -$1.39 > in 30 equities;
- Friday’s decliners ranged from -0.13% <OSIR -$0.01 > to -8.24% <EDIT -$3.13 > in 23 equities;
- Last Thursday’s decliners ranged from -0.14% <MDXG -$0.01> to -5.57% <SAGE -$9.77> in 20 equities;
Versus
… Look at the percentage’s (%) and spreads …
- Thursday’s gainers ranged from +0.11% <CRSP +$0.08 > to +7.5% <VSTM +$0.40 > in 23 equities;
- Wednesday’s gainers ranged from +0.19% < VSTM +$0.01> to +11.71% <MDXG +$0.90 > in 28 equities;
- Tuesday’s gainers ranged from +0.18% < FATE +$0.02> to +10.80% <ONVO +$0.19 > in 27 equities;
- Monday’s gainers ranged from +0.11% <BLFS +$0-.01> to +3.27% <ATHX +$0.08 > in 12 equities;
- Friday’s gainers ranged from +0.13% <BCLI +$0.01 > to +5.68% <VSTM +$0.27 > in 22 equities;
- Last Thursday’s gainers ranged from +0.05% <ALNY +$0.05 > to +21.91% < BOLD +$7.44> in 23 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.
