December 27, 2019 8:37am
No news, sporadic volume, erratic share pricing cycles, holidays and year end reduces investor incentive
Any recent momentum was algorithmic machine based or acquisition speculation which sucks the pricing from the sector in alternating cycles
Because sentiment is motionlessness as risk/reward ratios tend to last a day maybe, two
Welcome to my world of defining the “grey’ in our universe and I still get it right!
After a holiday be safe if traveling and open to new motivation for portfolio return from RMi
Dow futures are UP +0.32% (+92 points), S&P futures are UP +0.27% (+9 points) and NASDAQ futures are UP +0.41% (+37 points)
U.S. stock index futures point to a higher start as optimism continues to drive a year-end rally;
European stocks hit record highs, following a rally in U.S. indexes as the pan-European Stoxx 600 hit fresh record highs on Friday, up +0.2%;
Asia Pacific stocks were mixed as Japanese retail sales data for November came in worse than expected and Mainland Chinese stocks shed earlier gains to end lower on the day;
Data Docket: Data overnight showed a solid rebound for industrial profits in China, further boosting sentiment. No economic data and earnings are scheduled for Friday.
Investors have embraced riskier assets and some not, all have reached a precarious phase reflecting on the sector itself.
Although, it’s still a platform of chance of “runways”, regulatory filing and collaboration until they do partner!
In the macro view, market focus is … still largely attuned to the U.S.-China trade development.
Thursday night’s post’s title: “the sector tripped after all the good cheer.”
- The NASDAQ closed UP +69.51 points (+0.78%);
- The IBB closed down -0.92% while and XBI closed down -0.85%;
- Range of the 16 upside was +0.05% (AXGN) to +12.28% (BLCM) while the 20 downside ranged from -0.06% (BMRN) to -7.90% (XON);
- 8 out of the 16 upside had higher than the 3 month average volume;
- 3 out of the 20 downside had higher than the 3 month average volume;
Review the content of Q4’s market:
December register 9 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: I’d watch and measure after yesterday’s sector response in light of a charging NASDAQ
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.