November 11, 2019 8:15am

A good day to play: “pick-up- stocks” instead of sticks and leaves in the yard as volume remains low and more than a few have announced earnings that weren’t that bad

Veterans’ Day – Remember our comrades who have served and fallen

How does the old Ben Graham quote go? "In the short run, the market is a voting machine but in the long run it is a weighing machine"?

The bond market is closed Monday in observance of Veterans Day.

 

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 future

 

Dow futures are DOWN -0.42% (-117 points), S&P futures are DOWN -0.40% (-13 points) and NASDAQ futures are DOWN -0.44% (-35 points)

 

Futures indicated a negative open

European stocks traded lower amid a dampening of optimism over U.S.-China trade with the pan-European Stoxx 600 was down around -0.2%;

Asia Pacific markets saw losses throughout the region by Monday afternoon, as shares in Hong Kong tumbled amid worsening tensions in the city.

Data Docket:  NONE

 

Henry’omics:

The bond market is closed– but, the equity traders are in!

Investors are closely monitoring news on the China-U.S. trade front, after President Donald Trump said Friday that he has not agreed to scrap tariffs on Chinese goods.

Trump also suggested that the pace of talks were going more slowly than he would prefer and that China had more to benefit from striking a tariff resolution soon.

 

Friday night’s newsletter heading: “the month rocks back and forth”

  • The NASDAQ closed UP +40.80 points (+0.48%);
  • The IBB closed up +1.86% while the XBI closed up +2.08%;
  • The close was positive with an Advance/Decline  line of 29/11, 2 flats, 1 reversed merged (HSGX) and 2 acquired;
  • The range of the 29 upside was +0.03% (ONCE) to +10.28% (ADRO) while the 11 downside ranged from -0.30% (BLFS) to -16.94% (CUR);
  • 8 out of the 29 upside had higher than the 3 month average volume;
  • 7 out of the 11 downside had higher than the 3 month average volume;

 

Review the context of Q4’s market – so far:

  • November has registered 4 positive and 2 negative close;
  • October registered 10 positive, 1 neutral and 14 negative closes;

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

*** I can’t change my “tune” …  be mindful of upcoming quarterly results  and their effect upon share pricing … BUY and get trampled in the coming sessions or SELL into strength or just HOLD and wait to resolve relieve the earnings estimates and expectation anxiety.

 

 

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.