May 21, 2024 7:23am
“Signifies the possibility of losing part or all of one's investment, while reward tempts investors with the promise of potential gains”
As I had stated, "let's not forget about volatility" as algos and electronic trading flash their stuff
Pre-Open Indications: 2 Sell into Strength, 1 Positive and 1 Negative Indications
A daily analytic discipline is constructed by period updates and specific warnings of emerging situations
Never leave an investor uninformed
Remember that overnight and pre-open actions’ futures and global markets doesn't necessarily translate into actual trading in the today’s market session.
Framing the main takeaway … pricing, volume and volatility; it also includes what happened or will happen beyond the headline which shapes today’s potential sector response as seen by RMi
Tuesday: The pre-open Dow futures are UP +0.01 or (+2 points), the S&P futures are UP +0.03% or (+1 points) and Nasdaq futures are DOWN -0.07% or (-12 points)
Stock futures are mixed and near flat Tuesday,
European markets were lower
Asia Pacific markets fell.
Henry’omics:
We need to more than consider the economic environment to comprehend the micro re “our” universe of cell and gene therapy companies
Monday: The Dow closed DOWN -195.90 points or -0.49%, the S&P closed UP +4.92 points or +0.09% while the Nasdaq closed UP +108.91 points or +0.65%
- Advance/decline line at the open ended with a negative close of 15 incliners, 16 decliners and 4 flats
Economic Data Docket: non-manufacturing data
Tuesday’s RegMed Investors (RMi) Opening Bell: “tug-a-war of pricing movements. Ben Graham once said about the stock market, “over the short term, it's a voting machine, and over the long term, it's a weighing machine.” … https://www.regmedinvestors.com/articles/13467
Q2/24: May – 8 positive and 5 negative closes
- April - 16 negative and 6 positive closes
Companies in my headlights – It’s your decision; I provide ideas and context:
I post about “indication intelligence” devoting my time to collection and analysis of information to assist investors with insight into sector vulnerabilities and strengths. A dictionary definition of “indicate” refers to something less than a certainty; an indication could be a signal of being oversold or overbought, a recommendation, or grounds for inferring or a basis for believing.
Sell into Strength Indication:
Monday, Friday, Thursday, Wednesday and last Tuesday’s closing “numbers” with aftermarket/pre-market dollar ($) and cent ($0.00) value and percentage (%)
Vericel (VCEL) closed up +$2.78 after Friday’s +$0.74, Thursday’s -$1.08 and Wednesday’s +$0.88, with a negative -$1.16 or -2.27% pre-open indication.
Lenz Therapeutics (LENZ +$2.24 with a positive +$0.03 or +0.16% pre-open indication
Negative Indications:
Monday, Friday, Thursday, Wednesday and last Tuesday’s closing “numbers” with aftermarket/pre-market dollar ($) and cent ($0.00) value and percentage (%)
Agenus (AGEN) closed down -$0.16 after Friday’s +$0.36 with a negative -$0.15 or -1.40% pre-open indication.
Positive Indication:
Monday, Friday, Thursday, Wednesday and last Tuesday’s closing “numbers” with aftermarket/pre-market dollar ($) and cent ($0.00) value and percentage (%)
Ultragenyx Pharmaceuticals (RARE) closed down -$0.34 after Friday’s +$1.49 and Thursday’s +$1.49 with a positive +$0.71 or +1.71% pre-open indication.
The BOTTOM LINE: Assess the expected return and risk of a given trade; as “low levels of uncertainty are associated with low potential returns and high levels of uncertainty with high potential returns”.
- Lately, all I see the rise and fall of share pricing …
“Financial markets can be vulnerable. Any sign of fear—inflation, geopolitical tensions, an economic downturn—can create uncertainty for investors and lead them to sell off their investments. And when all investors’ head to the exits at the same time, the selling pressure drags stocks down even more, creating a vicious cycle.” <Britannica Money>
Stock risk versus reward: VIX and beta; there are two different ways to look at stock market risk:
- How much risk is expected in the overall market?
- How much risk is expected in a specific stock relative to the overall market?
Welcome to my world of defining the “grey’ in our universe!
- Right up front, “I also hate to be so negative or contrarian but, this is a NO spin zone and facts are its product; I can always be WRONG but … I am mostly EARLY!”
- The sector is what it is, until it isn’t and even then, it doesn’t seem to be… as NOT much changes as the sector’s share pricing rides the waves of volatility, algorithms, electronic trading and short covering.
- Never forget, one of my usual lines. “The sector is … still what it is, until it isn’t and even then, it doesn’t seem to be … that is after taking a deep breath and holding it.”
- I am more frequently right than consequentially wrong; if I wanted to be liked, I wouldn’t have been an analyst/journalist.
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. All investments are subject to risks. Investors should consider investment objectives.
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. Regulation Analyst Certification (Reg AC): The research analyst primarily responsible for the content of this report certifies the following under Reg AC: I hereby certify that all views expressed in this report accurately reflect my personal views about the subject company or companies and its or their securities. I also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report.
Henry McCusker, the editor and publisher of RegMed Investors could hold or have positions securities referred to in this publication and he will NOTIFY investors of holdings.
