December 19, 2019 8:16am

Why sell into a downward slope?

As the holidays and year-end creep forward

Pre-open indications: SELL – SAGE, BOLD; BUY – RGNX and VCEL

Welcome to my world of defining insight!

 

It’s an honor to be considered the “canary in the sector’s coal mine”!  I post about “indication intelligence” devoting my time to collection and analysis of information to assist investors in the perception of sector vulnerabilities and strengths – it’s more than opinion, the facts and truth need to be recognized!

 

Dow futures are UP +0.02% (+5 points), S&P futures are DOWN -0.08% (-3 points) and NASDAQ futures are DOWN -0.09% (-8 points)

 

Futures on the Dow, S&P and NASDAQ signaled a mixed open;

European stocks turn negative as investors digest data and interest rate decisions while the pan-European Stoxx 600 gave up early gains to slide around 0.1% into the red;

Asia Pacific stocks were mostly lower after the Bank of Japan held monetary policy steady.

 

Data Docket: weekly jobless claims figures, Philadelphia Fed manufacturing numbers for December, and Q3 current account data will all be released at 8:30 a.m. ET. Existing home sales data for November and leading index figures for November will both be released slightly later in the session.

 

Henry’omics:

Market focus is largely attuned to watching or listening to political developments in Washington, after the Democrat-led House of Representatives voted to impeach President Donald Trump.

Although reaction has been relatively muted, markets expect the Senate to vote against Trump’s removal from office.

 

What's next – more polarity, blatant partisanship and inertia in Washington, D.C.?

 

Wednesday night’s post’s title:  “the sector is counterintuitive as today’s indexes inclined as my covered composite of companies declined. Reiterating, “It’s a question of the levels of share pricing risks that are acceptable.”

  • The NASDAQ closed UP +4.38 points (+0.05%);
  • The IBB closed down -0.43% and the XBI closed down -0.56%;
  • The range of the 13 upside was +0.07% (BOLD) to +7.54% (CLLS) while the 23 downside ranged from -0.08% (CRSP) to -14.79% (SLDB); 
  • 8 out of the 13 upside had higher than the 3 month average volume;
  • 15 out of the 23 downside had higher than the 3 month average volume;

Review the content of Q4’s market:

  • December register 7 negative and 6 positive closes … so far
  • November registered 1 holiday, 12 positive and 8 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:

Pre-open indications: SELL – SAGE, BOLD; BUY – RGNX and VCEL

 

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.