November 27, 2024 7:54am
As market indexes record highs, small cap stock gains as the Russell 2000 broke to its 1st all-time high since 2021
Markets go dark for the Thanksgiving holiday on Thursday and then set to close early Friday
My interpretation of the morning’s numbers is written to be informative; it’s built on what happened or will happen behind the headline today!
MY Pre-Open Thoughts: “let ‘em run”, not much one could do
Never leave an investor uninform
Remember that overnight and pre-open actions’ futures and markets doesn’t necessarily translate into actual trading in today’s market session.
My interpretation of the morning’s numbers is written to be informative; it’s built on what happened or will happen behind the headline today!
Tuesday’s night’s … RegMed Investors (RMi) Closing Bell: a tug-of-war to a positive sector close after volatility reversals … https://www.regmedinvestors.com/articles/13713
Wednesday: The pre-open Dow futures are UP +0.04% (+18 points), the S&P futures are DOWN -0.11% or (-6 points) and the Nasdaq futures are DOWN -0.27% or (-56 points)
- U.S. stock futures were mixed and wilting on Wednesday,
- European markets trade lower,
- Asia-Pacific markets were mixed
Henry’omics: We need to more than consider the economic environment to comprehend the micro re “our” universe of cell and gene therapy companies
Tuesday: The Dow closed UP +123.74 points or +0.28%, the S&P closed UP +34.26 points or +0.57% while the Nasdaq closed UP +119.46 points or +0.63%
Tuesday’s cell and gene therapy sector was up, down, up, down and up again through the sector share pricing during the session with a positive close of 23 incliner, 11 decliners and 2 flats
Economists expect a year-over-year increase of 2.8% for the core reading, which excludes food and energy. Investors will look through the data for indications on how the Fed may proceed on its rate policy at its upcoming December meeting.
Economic Data Docket: multiple
- 8:30 am Initial jobless claims Nov. 23 215,000 213,000
- 8:30 am Durable-goods orders Oct. 0.5% -0.7%
- 8:30 am Durable-goods minus transportation Oct. -- 0.4%
- 8:30 am Advanced U.S. trade balance in goods Oct. -- -$108.7B
- 8:30 am Advanced retail inventories Oct. -- 0.8%
- 8:30 am Advanced wholesale inventories Oct. -- -0.2%
- 8:30 am GDP (first revision) Q3 2.8% 2.8%
- 9:45 am Chicago Business Barometer (PMI) Nov. 45.0 41.6
- 10:00 am Personal income (nominal) Oct. 0.3% 0.3%
- 10:00 am Personal spending (nominal) Oct. 0.4% 0.5%
- 10:00 am PCE index Oct. 0.2% 0.2%
- 10:00 am PCE (year-over-year) 2.3% 2.1%
- 10:00 am Core PCE index Oct. 0.3% 0.3%
- 10:00 am Core PCE (year-over-year) 2.8% 2.7%
- 10:00 am Pending home sales Oct. 1.8% 7.4%
Q4/24: November 9 negative and 9 positive closes
- October: 8 positive and 15 negative closes
Companies in my headlights – It’s your decision; I provide ideas and context
I post about “indication intelligence” looking toward investment conferences … 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.
Better part of valor to not lead any investor to temptation.
- These are the best of times and the worst of times.
- Sector equity year-to-date performance remains bottom-based.
- Expect volatility to be more the norm versus exception.
- Watch the “numbers, charts and indicators” measure the daily, weekly, and monthly charts to filter out or lessen the noise of back-and-forth share pricing from the sector rotation.
- My riff on the week, “let ‘em rock and roll-over”
The BOTTOM LINE: While a holiday-shortened trading week will limit stock action … volatility reigns
- I tend to watch aftermarket responses and all I see/read are mixed trends.
Ranking the end of October:
- 11/26 - Tuesday: closed positive with 22 incliner, 11 decliners and 2 flats
- 11/25 - Monday closed positive with 28 incliner, 6 decliners and 1 flat
- 11/22 – Friday: closed positive with 25 incliner, 9 decliners and 1 flat
- 11/21 - Thursday: closed positive with 18 incliner, 16 decliners and 1 flat
- 11/20 – Wednesday: closed negative with 15 incliner, 17 decliners and 3 flats
- 11/19 - Tuesday closed positive with 19 incliner, 14 decliners and 2 flats
- 11/18 – Monday closed negative with 14 incliner, 20 decliners and 1 flat
I haven’t changed my tune; it’s time for the oversold to continue to be recognized, one of my calling cards with words!
- A further injection of sentiment mixed with conviction needed.
Welcome to my world of defining the “grey’ in our universe!
- 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.
- 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 it’s 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.
