December 22, 2015 6:35am
Stocks rallied, giving hope to end the holiday week early on a positive note wanting a Santa Claus Rally to deliver any substance …
If you have unrealized losses, harvest them and then decide where to re-invest to take advantage of end-of-year dips
I provide intelligence and analysis for short and near-term investment for Tuesday’s trading “5” … Subscribe or take your losses without complaining …
Critical information ahead of “our” universe’s open!
DOW futures are UP +0.1% and NASDAQ futures are DOWN 0.1% - shaky!
U.S. stock index futures pointed to a flat open on Tuesday ahead of GDP data, as oil prices continued to weigh on investors in the last few trading days before the Christmas holiday.
European stocks traded higher in what has been a choppy day of trade amid a slight recovery in oil prices from multi-year lows.
Asian markets ended mostly a tad higher Tuesday, left to trade before the holiday. The few traders leaving little time to trade in the market which may be looking past any Christmas cheer to concerns about the outlook for the following year.
Data docket: The final read on third-quarter GDP is due at 8:30 a.m. ET. Economists expect annual growth of 1.9%, down slightly from the second estimate of 2.1% but above the advance estimate of 1.5%. Real GDP rose increased 3.9% in Q2, according to the U.S. Bureau of Economic Analysis. November existing home sales figures are out at 10:00 a.m. and October's FHFA home price index is also due for release at 9:00 a.m.
The RegMed sector closed POSITIVE on Monday, Friday, Thursday, Wednesday and last Tuesday.
Monday closed POSITIVE with 15 decliners, 25 advancers and 3 flats following Friday’s POSITIVE close with 17 decliners, 21 advancers and 5 flats;
You’ve made it to the office, turned on the monitor having just gotten your coffee and it hits you … what are today’s … trades?
Heading into the final two weeks of the year, limited liquidity is likely to heighten the severity of market moves, particularly during the holiday periods of Christmas and New Year's Eve, when most markets will be closed.
- The market is likely to be driven increasingly by positioning, year-end related flows and momentum rather than relative economic fundamentals over the less liquid holiday period.
It’s getting awfully close to Christmas for us to be concerned about a Santa Claus rally – we are UP, don’t ask for more or you’ll jinx the “current” spiral!
- This week, I would rather end ... quietly with … the New Year 2016 increasing demand for investors to recognize the undervaluation – but, how can you recognize the short and near-term future… you can read it here and position yourself to take advantage of the year end dips and the rise in January …
Tuesday’s indications:
- bluebird bio (BLUE) closed UP +$3.12 after Friday’s -$0.55 to $64.57. I still believe in the long term but, as much as I value the BLUE team, a bargain is to fold a position and come back to a better “hand”. BLUE is down -$1.46 from Monday’s aftermarket – BUY to SELL;
- Capricor (CAPR) closed UP +$0.17 <after Friday’s +$0.12> to $3.75 overbought. Management has yet to give “us” any reason to believe … and their internal “failings” which should be factored into the reality of CAPR’s chart as speculators “nibble” any small volume appreciation – Maintaining SELL;
- Northwest Bio (NWBO) closed UP +$0.26 to $4.65. The time is still not right as the investigation has not even been concluded and “something” will be found or the lawyers didn’t do their job. There is always a finding of sorts to mollify the public or an investor. Last week’s run of $3.93 to $4.39 is pure speculation. TOO many inter-company transfers will lend credence to questionable practices unless there is a solid snf substantiating “paper trail” of proper filings – Maintaining SELL;
- Kite Pharma (KITE) closed UP +$0.14 after Friday’s -$0.84> to $63.17. Still oversold – Maintaining BUY;
- Vericel (VCEL) closed UP +$0.15 <after Friday’s$0.38> to $2.45 after a debt financing - ? On 12/18/15, VCEL entered into a “Securities Exchange Agreement” pursuant to which Stonepine Capital, LP exchanged an aggregate of 1,250,000 shares of VCEL’s common for 1,250 shares of VCEL’s Series A Convertible Preferred Stock. The “exchange” is expected to close on or around 12/23/15. The runway is expanded, the ATM is also in place and the new debt increased the weight load in lieu of a needed financing. The appreciation will be lost and paid forward, why get caught in it! Speculators should “nibble” the appreciation - Maintaining SELL;
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.
Henry McCusker, the editor and publisher of RegMed Investors does not hold or have positions in securities referred to in this publication.
