June 30, 2017 5:46pm
Where are the insider BUYS in our universe?
Start reversing the “curse”
The IBB was down -0.73%, XBI -1.30%, XLV -0.14%, IWM-0.16% while the VIX was also down 2.27%,
Out and about: Next week, equity trading will be shortened by the Independence Day holiday on Tuesday.
I answer one question, in which company should investors commit and keep their money.
Friday’s results have implications to Monday’s sector activity.
A daily report may say little or a lot and its final judgement may be inconclusive; yet it serves as insurance that all indications are being examined and evaluated.
The advance/decline line scenario of 43 SCGT & RT covered companies:
· The open was barely positive with an A/DL of 19/17 and 7 flats;
· The mid-day was barely negative with an A/DL of 19/20 and 4 flats;
· The close was negative with an A/DL of 16/21 and 6 flats;
Henry’omics:
From the pre-open’s investor’s newsletter …” The end of week, month and quarter with Friday marking the last trading day for the quarter, this is usually seen as a time when investors reposition their portfolios or take profits.”
Reiterating, “Bring on the hot dogs as the market will bring the fireworks.”
"Our" universe - the cell therpay sector along with the major indexes ended the first half, and the second quarter, on a sour note. The Dow, S&P and Nasdaq closed lower for the week as sector stocks have rolled over, up, over, up and over again!
Daily analytics:
U.S. stocks closed modestly higher Friday after trimming gains in the last few minutes of the session. However, steep losses in technology and health-care stocks earlier in the week resulted in poor weekly and mixed monthly performances for all three benchmarks. Still, the main benchmarks posted solid quarterly gains.
The Dow added 62.60 points, or 0.3%, to 21,349.63. The Dow added 62.60 points, or 0.3%, to 21,349.63. The index ended the week roughly 0.2% lower, but booked hefty monthly and quarterly gains, at 1.6% and 3.3%, respectively. The index ended the first half of the year 8% higher.
The NASDAQ ailed to hold on to earlier gains, ending 3.92 points, or less than 0.1%, lower at 6,140.42. The index ended the week 2% lower and booked a 0.9% monthly loss, thanks to recent selloffs in technology stocks. Still, Nasdaq Composite is up 3.9% over the past quarter and up 14.1% since the start of the year, its best half-year performance since 2009.
The S&P and NASDAQ ended their first half of the year with the largest gains in several years.
… The CBOE Volatility Index (VIX) widely considered the best gauge of fear in the market, traded near 11.18, down -2.27% …
Thursday traded near 11.44 … up +14.06% after Wednesday traded near 10.05 … DOWN -9.13%, Tuesday traded above 11.07 … up +11.72%, Monday traded near 9.7, breaking below 10 for the first time since June 9 and last Friday’s near 10.02 … down -4.39%
Welcome to another day of the sector’s roller coaster …
… The iShares Russell 2000 (IWM) indicated a close of:
· Friday traded DOWN -0.16%
· Thursday -0.59%
· Wednesday +1.53%
· Tuesday -0.88%
· Monday+0.12%
· Last Friday+0.66%
… The iShares NASDAQ Biotechnology (IBB) indicated a close of:
· Friday traded DOWN -0.73%
· Thursday traded DOWN -1.43%
· Wednesday +1.93%
· Tuesday -2.88%
· Monday -0.32%
· Last Friday+0.20%
The count - decliners versus gainers:
……. look at the differences in the spreads as decliners jump and %’s migrate……….
· Friday’s decliners ranged from -0.17% <CUR> to -12.30% <BSTG> in 21 equities;
· Thursday’s decliners ranged from -0.06% <KITE> to -9.72% <BLCM> in 28 equities;
· Wednesday’s decliners ranged from -0.56% <HSGX> to -4.63% <ADVM> in 9 equities;
· Tuesday’s decliners ranged from -0.32% <BTX> to -9.95% <CUR> in 32 equities;
· Monday’s decliners ranged from -0.23% <KITE> to -3.93% <NWBO> in 15 equities;
· Last Friday’s decliners ranged from -0.31% <FATE> to -11.36% <BSTG> in 14 equities;
Versus
………… look at the percentage’s (%) and their decreases …….
· Friday’s gainers ranged from +0.13% <MESO> to +8.41% <AXGN> in 16 equities;
· Thursday’s gainers ranged from +0.24% <BCLI> to +27.71% <BSTG> in 13 equities;
· Wednesday’s gainers ranged from +0.22% <CLBS> to +9.67% <FCSC> in 31 equities;
· Tuesday’s gainers ranged from +0.55% <VTGN> to +14.49% <FCSC> in 10 equities;
· Monday’s gainers ranged from +0.08% <XON> to +10.41% <CAPR> in 26 equities;
· Last Friday’s gainers ranged from +0.28% <XON> to +7.49% <JUNO> in 24 equities;
Some of MY working trend lines or indications:
… The greatest volume to the downside: BSTG, JUNO, NWBO, BLCM and BLUE
… Upside volume was weighted to: KITE, AXGN, MDXG, CYTX and VSTM
… Biggest $ downside: BLUE, ONCE, BLCM, JUNO and RGNX
… Largest $ upside: AXGN, KITE, CLLS, OSIR and CLBS
… Flat: BTX, KOOL, AGTC, OPXA, ADVM and ATHX
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.
