January 8, 2020 8:16am

The market’s case of dueling rockets and missiles versus electronic trading

Pre-open indications:  you’d be aware if a subscriber

My version of the morning’s numbers is written to be informative; it’s includes what happened or will beyond the headline and shapes today’s markets as seen by RMi - SUBSCRIBE

 

Dow futures are UP +0.06% (+17 points), S&P futures are UP +0.25% (+8 points) and NASDAQ futures are UP +0.24% (+23 points)

 

U.S. stock futures are mixed after Iran fired rockets on Iraqi airbases housing U.S. troops;

European stocks declined with the pan-European Stoxx 600 traded - 0.1% lower by late morning;

Asia Pacific markets traded lower on Iranian attacks

 

Henry’omics:

Markets will wait and see how the United States responds to the Iranian attacks?

The lack of American casualties and Iran's foreign minister stating that was the extent of the country's retaliation for the killing of general Soleimani could drive restraint.

I try not to “do” politics – they do effect markets but, Iran could not bear further economic sanctions; condemnations are words; becoming the brunt of new retaliatory killing is another thing!

 

Today’s words of wisdom, “watch your corners”!

 

Tuesday night’s post’s title:  “cell and gene therapy pricing was considered a safe bet on Tuesday. The sector was feeding on the oats of oversold sentiment until …”

As I stated, “The sector was feeding on the oats of oversold sentiment!”

  • The NASDAQ closed DOWN -2.88 points (-0.03%);
  • The IBB closed up +0.03% while and XBI closed UP +0.15%;
  • The range of the 22 upside was +0.28% (BLUE) to +23.79% (BSTG) while the 14 downside ranged from -0.02% (BOLD) to -3.82% (VSTM); 
  • 7 out of the 22 upside had higher than the 3 month average volume;
  • 3 out of the 14 downside had higher than the 3 month average volume;

 

Review Q1:

January registered 2 positive, 2 negative closes and 1 holiday, to date.

Q4’s:

  • December register 11 negative and 10 positive closes
  • 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 am holding back on any prognostication other than electronic trading will grab any profit in anticipation of increased “tensions” re the Middle East

 

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.