October 2, 2019 8:35am

As I-Banks flip the buy and sell rankings on “our” universe participants

One toll is measuring what type of investors are holding, accumulating or dumping shares

The machines are the ones buying and then selling, so there’s no clear understanding of the depth of a company’s holdings i.e. ETFs

The sector is … still what it is, until it isn’t and even then it doesn’t seem to be … that is after a deep breath

My version of the morning’s numbers is written to be informative than just about changes to fundamentals; it’s what happened or will beyond the headline and what could happen to the close

Dow futures are down -0.48% (-127 points), S&P futures are down -0.45% (-13 points) and NASDAQ futures are down -0.58% (-44 points)

 

U.S. stock index futures were deep in the red on Wednesday morning;

European stocks slid in pre-market trade came as investors reflected on weaker-than-anticipated economic data and awaited the British government’s revised Brexit proposals; as the pan-European Stoxx 600 fell 1.3% during morning trade.

Asia Pacific stocks slipped amid renewed fears of a global economic slowdown with the MSCI Asia ex-Japan index traded 0.7% lower. Markets in China and India were closed on Wednesday for holidays.

 

Data docket: weekly mortgage applications numbers at 7 a.m. ET, and monthly ADP private payrolls data out at 8:15 a.m.

 

Henry’omics:

Investors are waiting REAL trade talks between the U.S. and China, due to start next week.

 

It's looking ominous out there in session land ... flak jackets are needed but,  waive the helmut

 

Tuesday night’s newsletter heading: “falling victim to sentiment and the NASDAQ had its wings clipped in the first session of Q4.”

  • The NASDAQ closed down -36.49 (-1.13%);
  • The IBB closed down -1.50% while the XBI closed down -1.64%;
  • The close was negative with an A/D line of 5/36, 2 flats and 2 acquired;
  • The range of the 5 upside was +1.20% (CUR) to +8% (RENE.L) while the 36 downside ranged from -0.13% (ONCE) to -9.62% (BSTG);
  • 3 out of the 5 upside had higher than the 3 month average volume;
  • 19 out of the 36 downside had higher than the 3 month average volume;

 

  • October registered 1 negative close, so far …
  • September, there were 1 holiday, 11 negative, 7 positive and 2 non reported sessions;

 

Companies in my headlights – It’s your decision; I provide an idea and context:

*** Don’t fire or BUY until you see the whites of their eyes, excuse me the green of any upside swing and even that will be fired or sold into ***

 

 

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.