February 15, 2016 4:25pm

 

But if it has just dawned on me that – Tuesday,  we are back to the grind for those of us who actually had the day off!

 

U.S. markets were closed Monday for President’s Day aka George Washington’s birthday, during which the U.S. celebrates the birth of its first commander-in-chief.

The federal holiday also honors the 42 others who succeeded Washington. Presidents Day has been officially observed since 1879, in one form or another.

 

The stem, cell and gene therapy RegMed sector closed POSITIVE on Friday, NEGATIVE on Thursday, POSITIVE on Wednesday after a NEGATIVE close on last Tuesday.

 

Are we ready for an up day as all eyes were on markets in Europe and Asia …?

While most of Asia's stocks rallied Monday, China's Shenzhen Composite and Shanghai Composite closed slightly lower.

Japanese shares surged on Monday after last week's sharp sell-off, but Chinese stocks had a slow start, starting in negative territory before retracing some losses after markets re-opened after the week-long Lunar New Year holiday.

European markets traded sharply higher on Monday, on remarks made by the European Central Bank Chief Mario Draghi and a recovery in banks and commodities.  The pan-European STOXX 600 ended the day closing provisionally up 3.1%, with London's FTSE 100 was up 2.1%, France's CAC 40 up around 3%, while Germany's DAX was around 2.7% up.

 

 

I believe “our” universe is oversold however, I am still “holding my water” for Q4/15’s financial results <I sound like a broken record>.

  • Until we understand the “runways” available, cash positions and ATM usage – we can’t get a firm grip on the water bucket to pour a cup of its refreshing liquid!

Sentiment still rules the sector and the markets and it hasn’t been positive.

  • Uncertainties continue to grow while executive compensation as a percentage of operating expense are getting hard to corroborate as related to share pricing.

Markets will probably be up but, the stem, cell and gene therapy regenerative medicine (SCGT&RM) sector …

  • Now I definitely can hear the “scratch” effects of distortion, a needle screeching over an album …

MY issue is that … strength is sold into rather than capitalized upon in the short-term meaning this week coming.

 

I wish it would not be so!

 

Look at last week:

  • Friday closed POSITIVE with 11 decliners, 28 advancers and 4 flats;
  • Thursday closed NEGATIVE with 22 decliners, 17 advancers and 4 flats;
  • Wednesday closed POSITIVE with 19 decliners, 23 advancers and 1 flat;
  • Last, Tuesday closed NEGATIVE with 27 decliners, 12 advancers and 4 flats;
  • The previous Monday closed NEGATIVE with 36 decliners, 3 advancers and 4 flats

 

I wouldn’t say are “our” universe’s stars are aligned!  

 

We could foresee a positive close but, it would be followed by a downward dash … after all that I have written, I pray for divine intervention "Lord, let us be UP"!