October 4, 2019 8:28am

Jobs report sets context of markets today

Low volume has been the standard and sentiment is in the toilet

The sector is pointed down, so I am in NO hurry to BUY or SELL, if you’re “in” - HOLD

The sector is … still what it is, until it isn’t and even then it doesn’t seem to be … that is after a deep breath


My version of the morning’s numbers is written to be informative than just about changes to fundamentals; it’s what happened or will beyond the headline and what could happen to the close


Dow futures are DOWN -0.25% (-65 points), S&P futures are down -0.33% (-10 points) and NASDAQ futures are DOWN -0.23% (+17 points)


U.S. stock index futures indicated a lower open as investors awaited the release of the latest monthly jobs report;

European stocks traded mixed as investors brace for a key U.S. jobs report that could help determine monetary policy in the world’s largest economy with the pan-European Stoxx 600 hovered around the flat line;

Asia Pacific stock moves in major markets were more muted as investors awaited the release of U.S. nonfarm payrolls data for September while Hong Kong stocks saw a decline after the city’s leader Carrie Lam announced a ban on face masks that would be effective October 5.


Data docket: Nonfarm payrolls data will be published at 8:30 a.m. ET, alongside new unemployment data and average hourly wage numbers. Economists expected the U.S. economy to have added 145,000 jobs last month.



I expect the job’s report to be mundane and this market has NO care for “our’ universe as Q4 numbers – so to be released are NOT lookin’ good i.e. estimates and forecasts!


Thursday night’s newsletter heading: “after weakness, there’s neutrality – like today and it is sure to spiral again. Remember Icarus, his wings were made of wax and melted as he flew higher to the sun. Q4 could be a serious disruptor as it ends the year ’19.”

  • The NASDAQ closed up +87.02 (+1.12%);
  • The IBB closed up +1.55% while the XBI closed up +1.51%;
  • The range of the 21 upside was +0.17% (NTLA) to +8.93% (VSTM) while the 21 downside ranged from -0.35% (SGMO) to -18.45% (RENE.L);
  • 4 out of the 21 upside had higher than the 3 month average volume;
  • 9 out of the 21 downside had higher than the 3 month average volume;
  • October registered 1 neutral and 2 negative close, so far …
  • September, there were 1 holiday, 11 negative, 7 positive and 2 non reported sessions;


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

*** Which road to follow … BUY and get trampled in the next few sessions or SELL and relieve the anxiety or just HOLD.



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.