May 25, 2018 6:31pm

As volume stayed low and

… Review those equities with ATMs; they are there to sell on debt laden stocks

… Today was a lucky day to close flat (6) versus a splat

 

The downside strengthened (range of +$0.01 to -$0.70 with 2 distancing -$2.84 and -$2.50) in 21 equities while the upside weakened (-$0.01 to -$2.81 with a topper of +$4.21) was in 18 stocks

Pre-open indication: 1 HIT (BMRN)

 

We keep you informed, if you want to be knowledgeable of the “bones” of the sector - be a subscriber to understand what you need to do in tomorrow’s market. Let the “numbers” speak since sentiment is capricious!

 

BE SAFE on the holiday weekend!

Henry’omics:

From the pre-open newsletter, “escape, escape; free the invested risks and never leave an investor uninformed! The holiday approaches, miss the travel congestion and the potential of event attrition from long weekend-it is. Expect volatility and SELL into strength; it’s better with a dollar in your pocket than a dime.”

There is not too much to say, the sector ended lower as a holiday weekend interfered with any hope for an upside as many fear geopolitical headlines that could affect Tuesday’s market!

Markets will be closed on Monday in observance of Memorial Day and trading volume on Friday — stayed low reflecting that traders left early ahead of the holiday.

For the week, the Dow gained 0.2%; the S&P 500 logged a 0.3% advance, while the NASDAQ closed out the trading period with 1.1% return.

 

Falling into the downside SAGE, RENE.L, SGMO, ONCE, MDXG and STML 

While the upside of BMRN, RARE, RGNX, BLUE, ALNY and BOLD

 

The advance/decline line scenario of 45 covered companies:   

  • The open was negative with an A/DL of 16/26 and 3 flats;
  • The mid-day stayed negative with an A/DL of 18/23 and 4 flat;
  • The close was negative with an A/DL of 18/21 and 6 flats;

 

MY working five (5) trend lines:

… The greatest volume to the downside:  VSTM, MDXG, SGMO, EDIT and IONS

… Upside volume was weighted to:  BMRN, CRSP, ONVO, BCLI and XON

… Biggest $ downside:  SAGE (-$2.84), RENE.L (-$2.50), SGMO (-$0.70), ONCE (-$0.63) and MDXG (-$0.520

… Best moves to the $ upside:  BMRN (+$4.21), RARE (+$2.81), RGNX (+$2.25), BLUE (+$1.15) and ALNY (+$1.01)

… Flats:  ADVM, AST, BLFS, VTGR, OSIR and BSTG

 

Daily analytics:

U.S. stocks closed lower Friday as geopolitical fears following President Donald Trump's move to cancel a key summit with North Korea weighed on solid corporate earnings.

  • The Dow dropped -0.24% or 58.67 points to finish at 24,753.09,
  • The S&P 500 declined 0.24% or -6.43 points to finish at 2,721.33,
  • The NASDAQ was barely up +0.13% or +9.43 points to close at 7433.85

 

The CBOE Volatility Index (VIX) widely considered the best gauge of fear in the market,

  • Friday traded at 13.22, up +5.51%
  • Thursday traded at 12.62, up +0.32%
  • Wednesday traded at 12.68, down -4.46%
  • Tuesday traded at 13.18, up +0.76%
  • Monday traded at 13.08, down -2.53%
  • Last Friday traded at 13.42, down -0.07%

 

The iShares Russell 2000 (IWM) indicated:

  • Friday closed down -0.15 %
  • Thursday closed up +0.05 %
  • Wednesday closed up +0.15 %
  • Tuesday closed down -0.73%
  • Monday closed up +$0.66%
  • Last Friday closed up +0.13%

 

The iShares NASDAQ Biotechnology (IBB) indication:

  • Friday closed up +0.22%
  • Thursday closed up +0.08%
  • Wednesday closed up +0.50%
  • Tuesday closed up +0.32%
  • Monday closed down -1.32%
  • Last Friday closed up +0.20%

 

The count in May - decliners versus gainers:

……. look at the differences in decliners:

  • Friday’s decliners ranged from -0.21% <GBT -$0.10> to -6.11% <VSTM -$0.35 > in 21 equities;
  • Thursday’s decliners ranged from – 0.20% <BMRN-$0.18 > to -15.09% <AGTC -$0.80 > in 16 equities;
  • Wednesday’s decliners ranged from – 0.16% <MESO -$0.01 > to -5.16% <SAGE -$8.49 > in 16 equities;
  • Tuesday’s decliners ranged from -%0.27 <VYGR -$0.05 > to -7.14% <AST -$0.125> in 16 equities;
  • Monday’s decliners ranged from -0.09% <FATE -$0.01 > to -6.35% <SLDB -$1.39 > in 30 equities;
  • Last Friday’s decliners ranged from -0.13% <OSIR -$0.01 > to -8.24% <EDIT -$3.13 > in 23 equities;

Versus

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

  • Friday’s gainers ranged from +0.06% <FIXX +$0.06 > to +5.53% <BCLI +$0-.24 > in 18 equities;
  • Thursday’s gainers ranged from +0.11% <CRSP +$0.08 > to +7.5% <VSTM +$0.40 > in 23 equities;
  • Wednesday’s gainers ranged from +0.19% < VSTM +$0.01> to +11.71% <MDXG +$0.90 > in 28 equities;
  • Tuesday’s gainers ranged from +0.18% < FATE +$0.02> to +10.80% <ONVO +$0.19 > in 27 equities;
  • Monday’s gainers ranged from +0.11% <BLFS +$0-.01> to +3.27% <ATHX +$0.08 > in 12 equities;
  • Last Friday’s gainers ranged from +0.13% <BCLI +$0.01 > to +5.68% <VSTM +$0.27 > in 22 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.