February 10, 2020 8:37am
The paucity of news continues diminished
Pre-open indications: a bit oversold as sentiment sits on the sidelines although electronic trading could be “ruling”
Who is defining the metrics for individual investors? Spare the SELL or BUY call, underfund the portfolio – SUBSCRIBE!
Dow future are DOWN -0.07% (-19 points), S&P futures are DOWN - 0.01% (-1 points) and NASDAQ futures are UP +0.03% (+2 points)
U.S. stock index futures were barely moving and considered little changed on Monday morning;
European markets traded slightly lower as the pan-European Stoxx 600 slipped -0.3% in early deals;
Asian Pacific markets and stocks declined as investors monitored the economic impact of China’s coronavirus epidemic;
Data Docket: NONE
A quiet day Is expected; hey, anybody seen a catalyst or even a milestone … in passing.
Friday night’s post’s title: “another falling session. Most would agree the fundamental situation has been banged around a bit, especially this week of 2 negative versus 3 positive closes with a finance pricing (AGTC), a reverse split (BLCM) and an earnings report (ALNY).”
· The NASDAQ closed DOWN -51.64 points (-0.54%);
· The IBB closed down -0.94% and XBI closed down -0.83%;
· The close was negative with an A/D line of 9/26, 0 flats of 35 covered;
· The range of the 9 upside was +0.06% (CLLS) to +13.66% (ADRO) while the 26 downside ranged from -0.43% (BLFS) to -12.43% (AGTC);
· 2 out of the 6 upside had higher than the 3-month average volume;
· 2 out of the 26 downside had higher than the 3-month average volume;
February registered 2 negative and 3 positive closes – so far.
January registered 10 positive, 9 negative closes and 2 holidays.
· 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: sitting on the sidelines until the whistle blows and even then to half-time
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.