August 9, 2019 8:16am

The sector follows the usual pattern after realizing an upside move

… Profits taking as low volumes move the upside


The real question is what are the BUY catalysts?

Framing the week’s headlines, geo-political monetary disruptions, volatility and earnings!


The remainder of the month’s trading sessions will be critical for the RegMed sector which will establish whether expectation of August and quarter’s (Q2) reporting initiate tumultuous value propositions. 


Dow futures are DOWN -0.58% (-152 points), S&P futures are DOWN -0.65% (-19 points) and NASDAQ futures are also DOWN -0.89% (-69 points)


U.S. stock index futures were lower as investors continued to weather U.S.-China trade relations;

European stocks traded lower as Italian lenders tumbled on political uncertainty in the country. Italy’s coalition government imploded on Thursday evening, as deputy prime minister and leader of Italy’s ruling Lega party, Matteo Salvini, declared the arrangement unworkable and called for fresh general elections. The pan-European Stoxx 600 slipped -0.05 mid-morning;

Asia Pacific stocks were mixed as China released data showing that food inflation soared in July while Japan’s economy grew more than expected in the period from April to June;


Data docket: PPI (producer price index) and core PPI numbers out at 08:30 a.m. ET. I



A typical Friday in August … saying goodbye to upsides!

The machines and the high-frequency trading also set the course of markets fluctuation; low volume movements are a telling theme alongside volatility

The real question is what are the BUY catalysts?


From Thursday’s evening post, “the daily dose of share pricing. Thank you traders, the oversold were recognized while volumes were still low to modest.”

•             The NASDAQ was up +176.33 or +2.24% to 8,039.15;

•             The IBB closed up +1.79% and the XBI closed up +1.76%;

•             The close was positive with an A/D Line of 28/11 and 3 flats and 2 acquired;

•             The range of the 28 upside was +0.26% (BMRN) to +7.84% (MESO) while the 11 downside ranged from -0.04% (GBT) to -7.93% (ONVO);

•             11 out of the 28 upside had higher than the 3 month average volume;

•             5 out of the 11 downside had higher than the 3 month average volume;

August has 3 POSITIVE and 3 NEGATIVE closes, so far


Companies in my headlights – It’s your decision; I provide an idea and context:

*** Be ready for some of the upside to be depreciated by profit taking ***


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.