September 19, 2019 7:53am

In my day, they used to say, where’s the “Maypo”?

I say, where’s the positive read-out data for the second time?

In this market, ““Venimus nos emit et vendidit nos rursus” – “We have bought and sold again"

Timely insights have line extensions within or to a volatile pricing universe. Thus my line in writing is separating actionable numbers or intelligence and news into a short-term investment thesis to tackle the “unknown unknowns”

Dow futures are DOWN -0.16% (-42 points), S&P futures are DOWN -0.14% (-4 points) and NASDAQ futures are also DOWN -0.23% (-19 points)

 

US futures point lower after Fed cuts rates; U.S. stocks were set to open slightly lower Thursday morning;

European stocks were slightly higher, as the Bank of England (BOE) held interest rates steady, as Brexit uncertainty continues to “hang” in the balance and the pan-European Stoxx 600 was up around 0.2% during early afternoon deals, with most sectors and major bourses in positive territory.

Asia equities were mostly higher on Thursday after the U.S. Fed cut interest rates overnight — but the U.S. central bank appeared divided on its next course of action for the year.

 

Data docket: jobless claims and current account numbers due at 08:30 a.m. ET.

 

Henry’omics:

So whay do I think about today's session .... "redacted"!

 

From Wednesday’s evening post, “trounced again; volatility defines the sector’s risk profile. Wednesday the close was negative with an Advance/Decline (A/D) line of 11/31, 1 flat and 2 acquired.”

•             The NASDAQ was down -8.62 or -0.11% to 8,177.39;

•             The IBB closed down -0.75% while the XBI also closed down -0.78%

•             The IBB closed down -0.75% while the XBI also closed down -0.78%

•             The range of the 11 upside was +0.23% (PSTI) to +6.74% (STML) while the 31 downside ranged from -0.28% (ONCE) to -9.17% (BLCM);

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

•            6 out of the 31 downside had higher than the 3 month average volume;

Q3/19 to date:

  • In July, there were 9 positive, 1 holiday and 13 negative closes;
  • In August there had been 12 negative and 10 positive closes
  • In September there has been 6 positive, 1 holiday and 6 negative close

 

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

*** What will be ‘will be but, I’d be cautious – let the machines and algorithms do their best or worst for entering this sector …

 

 

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.