November 3, 2017 6:06pm

Investors should be happy as sector and IBB (+1.54%) jump while the NASDAQ rises to an all-time high

 

Be careful of what investors wished for as traders are salivating

There are many new upside targets

 

Pre-open indications: 0 hit and 4 miss (1 by pennies as 3 were sold at highs and $ made)

 

How right does one have to be? You could and should be reading this review of the day’s share pricing activity?

 

What’s the gauge of pricing expectation – monetization of information!

 

Friday’s results have implications to Monday’s sector activity as a daily report may say little or a lot and it serves as insurance that all indications are being examined and evaluated!

 

 

Henry’omics:

From the pre-open’s newsletter, “never be too long … We are not fully in the buy zone yet and the number of Q3 quarterly results will be increasing next week and expectation is still low along with enthusiasm for the predictable loss per share numbers.”

Well, I am not always right but it seems I am ALWAYS early!

Until we get through this maze of “loss per share” financial results, I don’t see any appreciation of consequence but, I do see traders piling on those with quick upsides!

There is a packed week of quarterly results due next week!

 

The advance/decline line scenario of 43 SCGT & RT covered companies:   

·         The open was positive with an A/DL of 27/15 and 2 flats ;

·         The mid-day was positive with an A/DL of 27/14 and 2 flats;

·         The close was positive  with an A/DL of 29/10 and 4 flats;

 

Pre-open indications: 1 hit and 3 miss

  • AxoGen (AXGN) closed up +$1.80 – miss;
  • bluebird bio (BLUE) closed up +$2.20 – miss;
  • Capricor (CAPR) closed up +$0.02 – miss;
  • Osiris (OSIR) closed up +$0.84 – miss;

 

 

Some of MY working trend lines or indications:

… The greatest volume to the downside:  JUNO, RENE.L, IMUC, ONVO and BLCM

… Upside volume was weighted to:  MDXG, BLUE, NWBO, QURE and XON

… Biggest $ downside: JUNO (-$1.43), MESO (-$0.17), BLCM (-$0.08), BLFS (-$0.05) and ISCO (-$0.05)

… Largest $ upside: BLUE (+$2.20), ONCE (+$1.98), AXGN (+$1.80), (QURE (+$1.43) and CLLS (+$1.18)

… Flat:  ADVM, SGMO, VCEL and AST

 

 

Daily analytics:

U.S. equities finished the week by breaking another set of records on Friday, as all three major benchmarks closed at highs.

·         The Dow opened at an intraday record, was 0.1% up at 23,539, making this its eighth straight weekly gain.

·         The S&P 500 SPX, +0.31% rose 0.3% to 2,588, also the eighth positive week in a row.

·         The NASDAQ rose 0.7% to 6,764, marking its sixth consecutive weekly gain.

 

The CBOE Volatility Index (VIX) widely considered the best gauge of fear in the market; Friday traded at 9.14, down -7.96% …

  • Thursday traded 9.92, down -2.75% after Wednesday traded at 10.20, up +0.20% after Tuesday traded 10.18 down -3.05% after Monday traded at 10.50, up +7.14% and last Friday traded 9.80, down -13.27% …

 

Welcome to another day of the sector’s roller coaster …

… The iShares Russell 2000 (IWM) indicated:

·         Friday was down -0.12%

·         Thursday +0.30%

·         Wednesday -0.66%

·         Tuesday +0.72%

·         Monday -1.06%

·         Last Friday +0.68%

 

… The iShares NASDAQ Biotechnology (IBB) indicated:

·         Friday was up +1.54%

·         Thursday -0.04%

·         Wednesday -0.63%

·         Tuesday -0.78%

·         Monday +0.17%

·         Last Friday +0.68%

 

 

The count - decliners versus gainers:

……. look at the differences in the spreads as decliners jump and %

·         Friday’s decliners ranged from -0.64% <ONVO -$0.01> to -3.21% <MESO -$0.17> in 10 equities;

·         Thursday’s decliners ranged from -0.21% <QURE -$0.03> to -12.71% <CLLS -$3.71> in 20 equities;

·         Wednesday’s decliners ranged from -1.68% <FATE -$0.08> to -16.65% <CLLS -$5.83> in 27 equities;

·         Tuesday’s decliners ranged from -0.25% <KOOL -$0.01> to -8.11% <AGTC -$0.30> in 23 equities;

·         Monday’s decliners ranged from -0.60% <ADRO -$0.05> to -11.72% <PSTI -$0.29> in 28 equities;

·         Last Friday’s decliners ranged from -0.30% <CYTX -$0.0013> to -12.37% <VTGN -$0.13> in 12 equities;

Versus

… Look at the percentage’s (%) and spreads …

·         Friday’s gainers ranged from +0.23% <CYTX +$0.0009> to +16.44% <OSIR +$0.84> in 29 equities;

·         Thursday’s gainers ranged from +0.26% <KOOL +$0.01 > to +24.01% <JUNO +$11.60> in 21 equities;

·         Wednesday’s gainers ranged from +0.24% <AXGN +$0.05> to +11.43% <RENE.L +$0.20> in 14 equities;

·         Tuesday’s gainers ranged from +0.05% <IMUC +$0.0002> to +29.38% <STML +$3.10> in 17 equities;

·         Monday’s gainers ranged from +0.25% <AXGN +$0.05> to +0.30% <MDXG +$0.30> in 13 equities;

·         Last Friday’s gainers ranged from +0.30% <NWBO +$0.005> to +6.82% <FATE +$0.29> in 29 equities;

 

 

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.