November 30, 2017 6:16pm
The oversold expected were up, the compromised were still down while the lucky closed flat
As I had stated in the a.m. post, “… the oversold are ripe although I wouldn’t chase any equity!”
In a review the spectrum of the upside, it’s widely laddered to the low and high side upsides
Pre-open indications: 2 hits and 0 miss
How right does one have to be? You could and should be reading this review of the day’s share pricing activity?
Is the truth so hard to fathom – that’s why my readership has grown exponentially!
Thursday’s results have implications to Friday’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, “… who is the audience? The sector has a problem of securing and keeping investor attention. Lately they are sure as hell, not seeing it in equity pricing of risk versus any crumb of reward. Maybe today will be different … the oversold are ripe although I wouldn’t chase any equity!”
I “feel” the ups and I believe the algorithms followed their calculations set by their “rules” as the ETF exposure solidified their positions in regard to today’s actions!
Thursday also marked the last trading day of November.
· The Dow notched its first eight-month winning streak since 1995.
· The S&P 500, meanwhile, posted its longest monthly winning streak since 2007 at eight.
· The NASDAQ closed 0.2% lower for November.
Will today's "puff of the leafy" upside maintain its high ... I'd be looking for some profit taking ...!!
The advance/decline line scenario of 43 SCGT & RT covered companies:
· The open was positive with an A/DL of 31/8 and 4 flats ;
· The mid-day was positive with an A/DL of 32/6 and 5 flats;
· The early close was positive with an A/DL of 28/11 and 4 flats;
Pre-open indications: 2 hits and 0 miss
- bluebird bio (BLUE) closed up +$5.50 – hit;
- Capricor (CAPR) closed down -$0.17 – hit;
MY working trend lines and next day indications:
… The greatest volume to the downside: ONVO, CYTX, CAPR, ONCE and FCSC
… Upside volume was weighted to: SGMO, NWBO, VSTM, MDXG and JUNO
… Biggest $ downside: AGTC (-$0.20), CAPR (-$0.170, ONVO (-$0.11), FCSC (-$0.060 and OSIR (-$0.06)
… Largest $ upside: BLUE (+$5.50), SGMO (+$1.75), RGNX (+$1.30), CLLS (+$1.10) and AXGN (+$1/00)
… Flat: AST, RENE.L, STML and BTX
Daily analytics:
Stocks rallied on Thursday as the possibility of the Senate passing a bill aimed at overhauling the U.S. tax code increased.
· The Dow surged 323 points, closing above 24,000 for the first time.
· The S&P 500 also closed an all-time high, advancing 0.8%.
· The NASDAQ rose 0.7%, rebounding from a 2% decline in the previous session.
The CBOE Volatility Index (VIX) widely considered the best gauge of fear in the market; Thursday traded at 11.28, up +5.42% …
- Wednesday traded at 10.70, up +6.68% after Tuesday traded at 10.03, up +1.62% after Monday traded at 9.87, down 00.10% after Friday traded at 9.65, down -2.33% as last Thursday was turkey day …
Welcome to another day of the sector’s roller coaster …
… The iShares Russell 2000 (IWM) indicated:
· Thursday was up +0.18%
· Wednesday +0.34%
· Tuesday +1.57%
· Monday -0.31%
· Friday was up +0.04%
· Last Thursday was holiday
… The iShares NASDAQ Biotechnology (IBB) indicated:
· Thursday was up +1.44%
· Wednesday -0.01%
· Tuesday +0.28%
· Monday -0.70%
· Friday was up +0.04%
· Last Thursday was holiday
The count - decliners versus gainers:
……. look at the differences in the spreads as decliners jump and %
· Thursday’s decliners ranged from -0.05% <ONCE -$0.04> to -11.80% <BSTG -$0.0080> in 11 equities;
· Wednesday’s decliners ranged from -0.39% <AXGN -$0.10> to -12.33% <NWBO -$0.04> in 22 equities;
· Tuesday’s decliners ranged from -0.19% <AXGN -$0.05> to -10.29% <KOOL -$0.36> in 23 equities;
· Monday’s decliners ranged from -0.03% <BLUE -$0.05> to -11.18% <BSTG -$0.01> in 29 equities;
· Friday’s decliners ranged from -0.31% <VTGN -$0.0027> to -0.17% <RGNX -$0.05> in 25 equities;
· Last Thursday was turkey day
Versus
… Look at the percentage’s (%) and spreads …
· Thursday’s gainers ranged from +0.26% <JUNO +$0.14> to +15.03% <VSTM +$0.55> in 28 equities;
· Wednesday’s gainers ranged from +0.21% <BLCM +$0.02> to +13.74% <BSTG +$0.008> in 19 equities;
· Tuesday’s gainers ranged from +0.20% <CLLS +$0.05> to +5.79% <MDXG +$0.63> in 15 equities;
· Monday’s gainers ranged from +0.71% <FATE +$0.03> to +17.24% <FCSC +$0.25> in 11 equities;
· Friday’s gainers ranged from +0.11% <ONCE +$0.08> to +8% <NWBO +$0.02> in 24 equities;
· Last Thursday was a holiday;
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.
