December 26, 2019 8:52am

Futures point to a higher open on Thursday morning as a Santa Claus rally continues to set-up a coming sell-off?

Pre-open indications:  SELL into strength - ADRO, ADVM, AGTC; BUY oversold - CLLS

After a holiday be safe if traveling and open to new motivation for portfolio return from RMi

 

The 6 W’s: Who, what, where, when, why and what of it … the real question is who is going to do what?

 

Dow futures are UP +0.13% (+38 points), S&P futures are UP +0.18% (+7 points) and NASDAQ futures are UP +0.17% (+15 points)

 

Futures pointed to a higher open on Thursday morning, adding to a record-setting rally in the year-end.

Most European markets are closed;

Asia Pacific stocks edged higher on Thursday, as markets in Australia and Hong Kong remained closed a day after the Christmas holiday.

Data Docket: The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 3.99% from 3.98% for loans with a 20% down payment. Applications to refinance a home loan fell 5% from the previous week but were still 128% higher than the same week one year ago, when rates were 87 basis points higher.

 

Henry’omics:

In a shortened Christmas week, sporadic trading will occur as many remain home or travel bound or just complacent enjoying family and down time.

 

Without being a kill-joy – SELL into strength …

 

Tuesday night’s post’s title:  “a complacent session for indexes; trading was subdued yet, the sector warmed-up with a Santa Claus rally.”

  • The NASDAQ closed UP +7.24 points (+0.08%);
  • The IBB closed up +0.58% while and XBI closed up +0.75%;
  • The range of the 27 upside was +0.28% (MDXG) to +23.98% (AGTC) while the 10 downside ranged from -0.02% (BOLD) to -4.11% (CLBS); 
  • 5 out of the 27 upside had higher than the 3 month average volume;
  • 2 out of the 10 downside had higher than the 3 month average volume;

Review the content of Q4’s market:

  • December register 8 negative and 9 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 into strength - ADRO, ADVM, AGTC; BUY oversold - CLLS

 

 

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.