August 28, 2019 8:15am
It also had a hard landing with the shredded paper base of torn BUY and SELL tickets
Maybe, I should switch the spinning wheel at least investors can hold on
It's a daunting task to understand risk, seeing the unforeseen; on the basis of my own “rules”, I set-up my own “warning analysis” which isn’t machine oriented!
I make a commitment to provide need-to-know “facts in evidence” as equity’s volatility is one tactical signal for stocks.
Dow futures are DOWN -0.36% (-93 points), S&P futures are DOWN -0.32% (-9 points) and NASDAQ futures are also DOWN -0.40% (-31 points)
Futures are looking down to a lower market open as markets are driven by US – China tariff and trade hostilities;
European stocks traded lower after the U.S. yield curve inversion deepened to levels not seen since 2007, reigniting fears of an impending recession as the pan-European Stoxx 600 slipped -0.4% in early trade;
Asia Pacific stocks struggled for direction as investors watch US Treasury yields
As fluctuation affect futures, I get even more cautious and nervous about “our” universe of cell and gene therapy equities.
The “dog” days of August are biting … head to a longer, long weekend early! Sectors and markets always rebound – let them!
Any other time, I would BUY on the dip; this time - I say let the dip get corrected by trading i.e. machines and algorithms.
From Tuesday’s evening post, “when one side of the seesaw empties, the other drops like a stone. The Dow, S&P and NASDAQ dived after Monday’s jive; investors need to remain cautious despite Monday’s strong performance given the low volume and breadth metric. Where are the sector’s headlines, PR/IR is thoroughly lacking; who and what can fight this flight – nada, nothing?”
• The NASDAQ was down -26.79 or -0.34% to 7,826.95;
• The IBB closed down -0.91% while the XBI also closed down -1.60%;
• The close was negative with an A/D Line of 8/33 and 2 flat and 2 acquired;
• The range of the 8 upside was +0.37% (ONCE) to +5.88% (BLCM) while the 33 downside ranged from -0.04% (ALNY) to -7.86% (ONVO);
• 2 out of the 8 upside had higher than the 3 month average volume;
• 8 out of the 33 downside had higher than the 3 month average volume;
In August there has been 11 negative and 8 positive closes
Companies in my headlights – It’s your decision; I provide an idea and context:
*** My heads in the sand ***
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.