August 30, 2019 8:11am

Proceed cautiously but, quickly to the exit as needed and to an early and L O N G holiday weekend

Skim if you can trim, buy if it will fly and sell if compelled!

Whether information or intelligence is good, bad or somewhere in between; I put into context what is relevant and useful for investors.

 

RMi provides the realities of volatility and share pricing in the sector.   That’s why the term “quantamental,” a blend of the two styles, may soon become common parlance among investors and traders.

 

Dow futures are UP +0.53% (+141 points), S&P futures are UP +0.57% (+17 points) and NASDAQ futures are UP +0.60% (+46 points)

 

US stock futures are higher (and fluctuating minimally) as the US and China showed a willingness to … talk … it is a question of who will listen … about resolving their long-running trade feud;

European stocks made gains after China struck an accommodating tone over its trade war with the U.S., while British opposition lawmakers plan to trigger an emergency debate to prevent a no-deal Brexit as the pan-European Stoxx 600 climbed +0.8%;

Asia Pacific stocks mixed amid positive signals from Beijing on US-China trade with the MSCI Asia ex-Japan index gaining +0.95%.

 

Data docket: personal income figures for July will be released at around 8:30 a.m. ET. Consumer spending for July and the latest monthly and annualized core personal consumption expenditures (PCE) index will be released at the same time. Chicago PMI (Purchasing Managers’ Index) and consumer sentiment data for August will follow slightly later in the session.

  • A closely watched yield curve inversion in U.S. Treasuries remained, with the yield on the 10-year Treasury note below that of the 2-year note’s rate.

 

Henry’omics:

The pricing upside “elastic” will be stretched however, the contraction will have a loud snap” in the very, very near future.

Bottom line, watch for some ebb and much flow in the sector!

Market focus is largely attuned to global trade developments, after President Trump said that some trade discussions had taken place on Thursday, with more scheduled over the coming weeks. China’s commerce ministry said Thursday it was willing to calmly resolve the long-running trade dispute, but added it was against any further escalation in tensions. The comments spurred hopes for progress in talks <CNBC>.

From Thursday’s evening post, “surging sector but, expect the rush upside to subside as low volume is still a standard. Value could be stripped as no one contemplates quiet headlines headed to a long holiday weekend. “

•             The NASDAQ was up +116.51 or +1.48% to 7,973.39;

•             The IBB closed up +0.72% (that’s +1.19% in 4 sessions) while the XBI also closed up +1.31% (that’s +2.11% in 4 sessions)

•             The close was positive with an A/D Line of 27/13 and 3 flat and 2 acquired;

•             The range of the 27 upside was +0.09% (ALNY) to +14.62% (AGTC) while the 13 downside ranged from -0.13% (AXGN) to -7.37% (SLDB);

•             2 out of the 27 upside had higher than the 3 month average volume;

•             4 out of the 13 downside had higher than the 3 month average volume;

 

In August there has been 11 negative and 10 positive closes

 

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

*** In the big casino, let ‘em roll, one or to maybe 3 are not going to make a difference so traders trade and algorithms “rule” ***

 

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.