November 22, 2017 8:45pm

Another I told you so but, it is still time to take care

 

The appetite for the oversold drove up pricing and many are taking a few more risks which may not be fully understood

 

Daily pre-open indications: 4 hit and 2 miss (by pennies)

 

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!

 

Wednesday’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, “No turkey yet! Are we in store for low volume and some upside moves and a few downside traffic lights?  The real question is will complacency travel? Many have already seen the ugly and are ready for a little wow?

Trading volumes was thin today, which is not surprising given it’s a holiday tomorrow.

The market is closed Thursday for Thanksgiving!

As I stated, “I feel a responsibility to put everything out there about the sector! There is always a disproportionate risk to the downside. My objective is to achieve balance in dispersing intelligence that is factual to dissolve the hype of many of the sector’s ‘usual suspects’”.

 

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

·         The open was positive with an A/DL of 26/15 and 2 flats ;

·         The mid-day was positive with an A/DL of 28/13 and 2 flats;

·         The close was positive with an A/DL of 26/16 and 1 flats;

 

Daily pre-open indication re-cap: 4 hit and 2 miss

  • AxoGen (AXGN) closed down -$0.45 – hit;
  • bluebird bio (BLUE) closed down -$0.05 – hit;
  • Vericel (VCEL) closed up +$0.05 – miss;
  • BioLife Solutions (BLFS) closed down -$0.43 – hit;
  • Bellicum Pharmaceuticals (BLCM) closed up +$0.37 – hit;
  • MiMedx (MDXG) closed down -$0.09 – miss;

 

 

Some of MY working trend lines or indications:

… The greatest volume to the downside:  SGMO, MDXG, KOOL, IMUC and FCSC

… Upside volume was weighted to:  XON, VSTM, VCEL, STML and RGNX

… Biggest $ downside: AXGN (-$0.45), BLFS (-$0.43), KOOL (-$0.25), FATE (-$0.12) and SGMO (-$0.10)

… Largest $ upside:  JUNO (+$1.56), ONCE (+$1.27), XON (+$0.97), RGNX (+$0.60) and BLCM (+$0.37)

… Flat:  BSTG

 

 

Daily analytics:

Tepid moves on Wednesday follow solid gains during the previous session.

·         The S&P 500 fell 1.95 points to 2,597.08.

·         The Dow dropped 64.65 points, or 0.3%, to 23,526.18.

·         The NASDAQ was up 4.88 points to 6,867.36.

 

The CBOE Volatility Index (VIX) widely considered the best gauge of fear in the market; Wednesday traded at 9.98, up +1.54%

  • Tuesday traded at 9.72, down -8.54% after Monday traded at 10.65, down -6.82% after Friday traded at 11.33, down -2.81% after Thursday traded at 11.79, down -1.34% and last Wednesday traded at 13.13, up +13.29% …

 

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

… The iShares Russell 2000 (IWM) indicated:

·         Wednesday was down -0.13%

·         Tuesday +1.05%

·         Monday +0.72%

·         Friday +0.43%

·         Thursday +1.24%

·         Last Wednesday -0.40%

 

… The iShares NASDAQ Biotechnology (IBB) indicated:

·         Wednesday was up +0.58%

·         Tuesday +0.77%

·         Monday -0.93%

·         Friday +0.13%

·         Thursday +1.49%

·         Last Wednesday +0.39%

 

 

The count - decliners versus gainers:

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

·         Wednesday’s decliners ranged from -0.03% <BLUE -$0.05> to -10.26% <IMUC -$0.035> in 16 equities;

·         Tuesday’s decliners ranged from -0.14% <BSTG -$0.00> to -21.03% <NWBO -$0.06> in 22 equities;

·         Monday’s decliners ranged from -0.13% < QURE -$0.02> to -6.43% <MDXG -$0.76> in 24 equities;

·         Friday’s decliners ranged from -0.33% <QURE -$0.05 > to -0.65% <BSTG -$0.005> in 15 equities;

·         Thursday’s decliners ranged from -0.34% < SGMO-$0.05> to -9.36% <AXGN -$2.30> in 13 equities;

·         Last Wednesday’s decliners ranged from -0.24% <XON -$0.03> to -12.96% <CAPR -$0.35> in 22 equities;

Versus

 

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

·         Wednesday’s gainers ranged from +0.80% <MESO +$0.04> to +12.90% <CYTX +$0.044> in 26 equities;

·         Tuesday’s gainers ranged from +0.03% <IMUC +0.00 > to +20.74% <KOOL +$0.67> in 19 equities;

·         Monday’s gainers ranged from +0.46% < FATE +$0.02 > to +32.42% <NWBO +$0.07> in 19 equities;

·         Friday’s gainers ranged from +0.17% <SGMO +$0.02 > to +18.34% <NWBO +$0.034> in 26 equities;

·         Thursday’s gainers ranged from +0.25% <BCLI +$0.01> to +15.19% <VTGN +$0.12> in 28 equities;

·         Wednesday’s gainers ranged from +0.40% <AXGN +$0.10> to +13.57% <SGMO +$1.75> in 18 equities;

·         Last Tuesday’s gainers ranged from +0.61% <NWB) -$0.001> to +6.71% <FCSC +$0.11> in 11 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.