June 25, 2018 6:09pm

Yet another I told you so …

In today’s session, volume was up and in some cases exceeding the 3 month average – new phenomenon 

 

Right again: My last week specific bias to gene editing stocks CRISPR (CRSP -$1.06), Intellia (NTLA -$0.47) and Editas (EDIT -$1.69) has been reaffirmed yet AGAIN!

Pre-open indications: 3 HITs and 2 MISS

 

It’s a duty and an honor to being a “canary in a coal mine”!  What’s left when one is right so often? RMi is the source investors and traders need – it’s more than opinion, the facts and truth need to be recognized!

Henry’omics:

 

From the pre-open newsletter … “session by session, expectation is based on a degree of probability while June whittles away, Q2 is coming to an end as the IBB indicated a -0.66% decline. Lately what are the rousing factors in the sector – resistance and algorithmic “rules”?”

I also stated, “As another trading week kicks off, sector-watchers are NOT likely to be seeing any market shattering news as the month and quarter is coming to an end! I don’t have MUCH expectation for the week! I also believe the Russell 2000 is flashing warning signs.”

Increasing trade tensions between the U.S. and its key trade partners, including China, have kept Wall Street on edge. The major indexes finished last week lower after Trump asked the U.S. trade representative to target $200 billion worth of Chinese products for tariffs. Trump also raised the possibility of slapping a 20 percent charge on European cars <CNBC>.

The CBOE Volatility Index (VIX), regarded as the best gauge of fear in the market, traded above 17, rising more than 2%.

 

Of the 45 companies covered the 31 downside equities finished in a range of -$0.03 to -$8.70 while the 10 upside equities oscillated from +$0.01 to $1.50 with 4 flat closes.

 

MY working five (5) trend lines:

… The greatest volume to the downside:  VSTM, SGMO, XON, IONS, NTLA and MDXG

… Upside volume was weighted to:  KOOL, VYGR, ADVM, SLDB and ADRO

… Biggest $ downside:  BLUE (-$8.70), SAGE (-$6.62), RARE (-$4.72), ALNY (-$4.16) and BMRN (-$4.15)

… Best moves to the $ upside: … RENE.L (+$1.50), SLDB (+$1.08), VYGR (+$0.560, OSIR (+$0.28) and STML (+$0.23)

Flats:  ADRO, BSTG, BLCM and RGNX

 

The weekly count - decliners versus gainers:

……. look at the differences in decliners:

  • Monday’s decliners ranged from -0.83% <ADVM -$0.05 > to -8.1% <FATE -$1.04) in 31 equities;
  • Friday’s decliners ranged from -0.64% <SLDB -$0.27> to -10.34% <CUR -$0.12> in 19 equities;
  • Thursday’s decliners ranged from -0.18% <CRSP -$0.12 > to -17.25% < CLBS -$1.49> in 36 equities;
  • Wednesday’s decliners ranged from -0.28% < STML -$0.05> to -17.05% <SLDB -$7.33> in 11 equities;
  • Tuesday’s decliners ranged from -1.52% <ALNY -$1.61 > to -0.23% <BCLI -$0.01 > in 19 equities;
  • Last Monday’s decliners ranged from -0.28% <STML -$0.05 > to -9.47% <BLCM -$0.94 > in 22 equities;

Versus

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

  • Monday’s gainers ranged from +0.79% <PSTI +$0.01> to +8.65% <CUR +$0.09 > in 10 equities;
  • Friday’s gainers ranged from +0.46% <VCEL +$0.05 > to +9.46% <BLFS +$1.09> in 24 equities;
  • Thursday’s gainers ranged from +0.09% <BMRN +$0.09 > to +18.7% <SLDB +$6.67 > in 9 equities;
  • Wednesday’s gainers ranged from +0.06% <XON +$0.01> to +30.71% <CLBS +$2.03 > in 31 equities;
  • Tuesday’s gainers ranged from +0.04% <BMRN +$0.04 > to +46.36% <SLDB +$13.62 > in 24 equities;
  • Last Monday’s gainers ranged from +0.43% <BTX +$0.01 > to +31.39% <VSTM +$2.05 > in 20 equities

 

Pre-open indications: 3 HITs and 2 MISS

  • BioTime, Inc. (NYSE American: BTX) closed down -$0.14 – miss;
  • Homology Medicines (FIXX) closed down -$0.90 – hit;
  • Pluristem Therapeutics (PSTI) closed up +$0.01 – hit;
  • Stemline Therapeutics (STML) closed up +$0.23 - hit;
  • Verastem Oncology (VSTM) closed down -$0.23 – miss;

 

The advance/decline line scenario of 45 covered companies:   

  • The open was negative with an A/DL of 10/34 and 1 flat;
  • The mid-day continued negative with an A/DL of 6/37 and 2 flats;
  • The close was negative with an A/DL of 10/31 and 4 flats;

 

Daily analytics and metrics:

  • The Dow dropped 328.09 points to close at 24,252.80, the index also closed below its 200-day moving average, a key technical level, for the first time since June 2016,
  • The S&P 500 fell 1.4% to 2,717.07 — posting its worst day since April 6, when it fell 2.19. Five of the 11 S&P 500 sectors also closed in correction, or down at least 10% from their 52-week high,
  • The NASDAQ pulled back 2.1% to close at 7,532.01.

 

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

  • Monday traded at 17.33, up +3.56%
  • Friday traded at 13.77, down -5.94%
  • Thursday traded at 14.66, up +14.62%
  • Wednesday traded at 12.79, down -4.19%
  • Tuesday traded at 13.35, up +8.45%
  • Last Monday traded at 12.31, up +2.75%

 

The iShares Russell 2000 (IWM) closed:

  • Monday was down -1.61%;
  • Friday was down -0.36%;
  • Thursday was down -0.96%;
  • Wednesday was up +0.81%;
  • Tuesday was up +0.04%;
  • Last Monday was up +0.48%;

 

The iShares NASDAQ Biotechnology (IBB) closed:

  • Monday was down -1.81%
  • Friday was down -0.34%
  • Thursday was down -1.13 %
  • Wednesday was up +1.66%
  • Tuesday was up +1.46%
  • Last Monday was down -0.75%

 

June's sessions:

Monday (6/25) closed NEGATIVE with 31 decliners, 10 advancers and 4 flat;

Friday closed POSITIVE with 19 decliners, 24 advancers and 2 flat;

Thursday closed NEGATIVE with 36 decliners, 9 advancers and 0 flat;

Wednesday closed POSITIVE with 11 decliners, 31 advancers and 3 flats;

Tuesday closed NEGATIVE with 19 decliners, 24 advancers and 2 flat;

Monday (June 18) closed NEGATIVE with 22 decliners, 21 advancers and 2 flat;

Friday closed POSITIVE with 16 decliners, 23 advancers and 6 flat;

Thursday closed POSITIVE with 18 decliners, 26 advancers and 1 flat;

Wednesday closed POSITIVE with 20 decliners, 22 advancers and 3 flats;

Tuesday closed POSITIVE with 17 decliners, 27 advancers and 1 flat;

Monday (June 11) closed NEGATIVE with 26 decliners, 18 advancers and 1 flat;

Friday closed NEUTRAL with 22 decliners, 22 advancers and 1 flat;

Thursday closed NEGATIVE with 34 decliners, 9 advancers and 2 flat;

Wednesday closed POSITIVE with 17 decliners, 24 advancers and 4 flat;

Tuesday closed POSITIVE with 14 decliners, 30 advancers and 1 flat;

Monday (June 4) closed POSITIVE with 18 decliners, 25 advancers and 2 flat;

Friday (June 1) closed was POSITIVE with 15 decliners, 29 advancers and 1 flat;

 

 

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.