July 9, 2018 5:58pm

Funny thing happened at the session’s 10 a.m. hour …

The advance/decline line (A/DL) “floor” trembled from under it and then continued to wobble to come back at the close barely positive!

 

Pre-open indications: 2 HIT and 3 MISS (recovering in final hours)

Anomalies: BSTG drops -$0.32 to $4.30 on 1.5 K shares <3 month average = 3.69 K shares> as three (3) non-resident Chinese citizens register their share ownership while they “game” their financings to control ownership – MY OPINION … while the CEO McGorry who sold OUT his investors with a “finagled” reverse split forgetting the basic premises of fiduciary responsibilities – DUTY, HONOR and COMPANY!

 

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It’s an honor to be considered the “canary in the (sectors) coal mine”!  I post about “indication intelligence” devoting my time to collection and analysis of information to assist investors in the perception of sector vulnerabilities and strengths – it’s more than opinion, the facts and truth need to be recognized!

Henry’omics:

 

From the pre-open newsletter titled, “will the sector’s incline “play” itself out or build on last week’s gains as many seek alternative positions for weathering trade and tariff policies?”

I also stated, “Is our universe overbought, getting “lofty” and might soon fear the SELL button?"

 

  • The fact that we're heading into Q2 earnings season is a downside catalyst for equities, cash, ATM positions and stock compensation losses are going to be visible. I’m expecting it to be WEAK with LPS (loss-per-share) numbers to be increasing and maybe even “weedy” than the previous Q1/18.
  • Today's merry-go-round" says to me - the sector is directionless and depedent on speculation!
  • Of the 45 companies covered on Monday; 18 downside equities finished in a range of -$0.01 (MDXG) to -$1.25 (VYGR) while the 22 upside equities oscillated from +$0.01 (MESO) to $3.05 (BLUE) with 5 flat close.

 

Anomalies:

OSIR – increased volume to downside; RENE.L – increased volume to upside; VYGR – increased volume to downside; RARE – increased volume to the upside;

PSTI was up on news and 535.6 K shares traded <3 month average = 535.6 K shares> and appreciated +$0.03 basically another nothing;

ADVM was down on increased volume; BMRN (+$1.30) was up on increased volume while MDXG (-$0.01) continues its decline with increased volume (3.99 M share)

BSTG drops -$0.32 to $4.30 on 1.5 K shares <3 month average = 3.69 K shares> as three (3) non-resident Chinese citizens register their share ownership while they “game” their financings to control ownership – MY OPINION … while the CEO McGorry <and CFO McNaughton ("teflon tom")> who sold out his investors forgetting the basic premises of fiduciary responsibilities – DUTY, HONOR and COMPANY!

 

MY working trend (5 largest) lines:

… The greatest volume to the downside:  MDXG, GBT, IONS, NTLA and BLFS

… Upside volume was weighted to:  VSTM, XON, MBRN, VCEL and CRSP

… Biggest $ downside:  VYGR (-$1.25), GBT (-$0.95), AXGN (-$0.40), IONS (-$0.33) and BSTG (-$0.32)

… Best moves to the $ upside: BLUE (+$3.05), RENE.L (+$3.00), RGNX (+$2.250, ALNY (+$1.75), BMRN (+$1.30)

… Flats:  SGMO, ONCE, HSGX, ONVO and BLCM

 

The weekly count - decliners versus gainers – looks at the view from different angles:

……. look at the differences in decliners:

  • Monday’s decliners ranged from -0.30% <MDXG -$0.01 > to -6.35% >VTGR -$1.25> in 18 equities;
  • Friday’s decliners ranged from -0.05% <BOLD -$0.02 > to -10.9% < MDXG -$0.41> in 8 equities;
  • Thursday’s decliners ranged from -0.18% <BLFS -$0.03 > to -5.51% < MDXG -$0.22> in x equities;
  • Wednesday was a holiday
  • Tuesday’s decliners ranged from -0.14% <RARE -$0.11 > to -5.97% <BSTG -$0.27 > in 9 equities;
  • Last Monday’s decliners ranged from -0.20% <AXGN -$0.10> to -38.5% <MDXG -$2.46> in 15 equities;

Versus

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

  • Monday’s gainers ranged from +0.23% <MESO +$0.01 > to +1.79% <BLUE +$3.05 > in 22 equities;
  • Friday’s gainers ranged from +0.31% <CLLS +$0.09 > to +8.5% < SLDB +$3.31> in 35 equities;
  • Thursday’s gainers ranged from +0.03% <EDIT +$0.01> to +9.46% < KOOL +$0.0038> in 23 equities;
  • Wednesday was a holiday
  • Tuesday’s gainers ranged from +0.55% < ALNY +$0.54> to +11.41% <BLFS +$1.71 > in 33 equities;
  • Monday’s gainers ranged from +0.04% <AST +$0.00> to +31.38% <BLFS +$3.58 > in 27 equities;

 

Daily analytics and metrics:

  • The Dow rallied 320 points or +1.31% to $25,776.59.
  • The S&P 500 gained 0.88% or +24.35 points to close at 2784.17
  • The advanced 0.88% or +67.81 points to close at 7756.20

 

The advance/decline line scenario of 45 covered companies:   

  • The open was positive with an A/DL of 29/15 and 1 flat;
  • 10 a.m. – saw the floor collapse – negative with an A/DL of 19/24 and 2 flats
  • The mid-day was barely negative with an A/DL of 22/23 and 1 flat;
  • 2 p.m. was negative with an A/DL of 20/24 and 1 flat;
  • The close was positive with an A/DL of 22/18 and 5 flats;

 

Pre-open indications: 2 hit and 3 miss

  • Pluristem (PSTI) closed up +$0.03 – hit;
  • bluebird bio (BLUE) closed up +$3.05 – miss;
  • CRISPR Therapeutics (CRSP) closed up +$0.33 – miss, after being down most of the session;
  • Intellia (NTLA) closed down -$0.08 – hit;
  • Editas Medicine (EDIT) closed up +$0.45 – miss –;

 

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

  • Monday traded at 12.69, down -5.09%
  • Friday traded at 13.37, down -10.69%
  • Thursday traded at 15.15, down -6.13%
  • Wednesday was a holiday;
  • Tuesday traded at 16.14, up +3.46%
  • Last Monday traded at 15.6, down -3.05%

 

The iShares Russell 2000 (IWM) closed:

  • Monday was up +0.64%;
  • Friday was up +0.85%;
  • Thursday was up +1.15%;
  • Wednesday was a holiday;
  • Tuesday was up +0.40%;
  • Last Monday was up +0.68%;

 

The iShares NASDAQ Biotechnology (IBB) closed:

  • Monday was up +0.52%
  • Friday was up +3.78%
  • Thursday was up +1.26%
  • Wednesday was a holiday;   
  • Tuesday was down -0.09%
  • Last Monday was up +0.79%

 

JULY sessions:

Monday (7/9) closed POSITIVE with 18 decliners, 22 advancers and 5 flat;

Friday closed POSITIVE with 8 decliners, 35 advancers and 2 flat;

Thursday closed POSITIVE with 18 decliners, 23 advancers and 4 flat;

Wednesday was a holiday;

Tuesday closed POSITIVE with 9 decliners, 33 advancers and 3 flat;

Last Monday (7/2) closed POSITIVE with 15 decliners, 27 advancers and 3 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.