December 24, 2019 8:27am

Trading is expected to be subdued ahead of the Christmas holiday on Wednesday.

Pre-open indications:  SELL - GBT, RENE.L, STML and QURE

 

Happy Hanukkah and Merry Christmas  

 

 

May your holidays be rewarding by forgetting the market for a day or two; also be safe if traveling and open to new motivation for portfolio return from RMi

 

Dow futures are UP +0.09% (+26 points), S&P futures are UP +0.0% (+2 points) and NASDAQ futures are UP +0.05% (+5 points)

 

U.S. stock index futures pointed to a slightly higher start on Tuesday, Christmas Eve and a shortened session;

European stocks trade slightly lower in holiday-thinned trade;

Asia Pacific indexes were mixed, while markets in Hong Kong and Australia closed earlier on Tuesday ahead of the Christmas holiday on Wednesday.

Data Docket: Philadelphia Fed manufacturing surveys are due at 8:30 a.m. ET, followed by Richmond Fed surveys at 10 a.m. ET.

 

Henry’omics:

Tuesday marks the official start of the Santa Claus rally period, which happens on the final five trading days of the year and the first two trading days of the New Year.

Stocks tend to have unusually strong performance during those trading days with the S&P 500 averaging a 1.3% gain since 1950, according to the Stock Trader’s Almanac.

Investors also cheered the news that China is taking action to goose its economy. The country said it will boost imports by cutting tariffs on over 850 products.

 The Chinese government also said it would study additional cuts in the bank reserve-ratio requirements. The moves come as China and the U.S. agreed on a phase one trade deal and are working to ink the agreement <CNBC>.

In Europe, sterling slipped to a three-week low against the dollar on Monday, driven by concerns over the British government’s hard line on Brexit talks. The currency has since recovered and is trading flat against the greenback.

 

The spirit of giving - be happy and carefree over the holidays!

 

Monday night’s post’s title:  “the upside needle moved after a quadruple witching Friday and collaboration transactions; maybe Santa came early or the festival shone some lights on new “rules” for algorithms.”

  • The NASDAQ closed UP +20.69 points (+0.23%);
  • The IBB closed up +0.87% while and XBI closed up +1.01%;
  • The range of the 32 upside was +014% (MDXG) to +11.22% (ADRO) while the 5 downside ranged from -0.08% BLUE) to -0.73% (SAGE); 
  • 9 out of the 35 upside had higher than the 3 month average volume;
  • 1 out of the 2 downside had higher than the 3 month average volume;

 

Review the content of Q4’s market:

  • December register 8 negative and 8 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 - GBT, RENE.L, STML and QURE

 

 

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.