July 15, 2024 7:32am
Will financial markets retort with volatility reflecting anxiety and uncertainty?
A daily analytic read-out from RMi is constructed of signals thought-provoking share pricing situations
Never leave an investor uninformed
Remember that overnight and pre-open actions’ futures and markets doesn’t necessarily translate into actual trading in today’s market session.
My interpretation of the morning’s numbers is written to be informative; it’s built on what happened or will happen behind the headline today, not tomorrow or yesterday
Monday: The pre-open Dow futures are UP +0.53% or (+217 points), the S&P futures are UP +0.45% or (+25 points) as the Nasdaq futures are UP +0.56% or (+115 points)
- Stock futures were higher as investors as investor attention shift to Q2 earnings reporting on Monday,
- European stocks were lower,
- Asia-Pacific markets mostly fell
Henry’omics:
We need to more than consider the economic environment to comprehend the micro re “our” universe of cell and gene therapy companies …
Friday: The Dow closed UP +247.15 points or +0.62%, the S&P closed UP +30.81 points or +0.55% while the Nasdaq closed UP +115.04 points or +0.63%
For the week, the Dow gained +1.6%, the S&P 500 gained 0.9% and the Nasdaq rose +0.3%.
Will the attempted assassination of Donald Trump exhibit more volatility on market speculation that his chances of winning the November presidential election have increased.
Economic Data Docket: New York Fed Empire State Manufacturing index, July (-6 expected, -6 previously)
- Fed Chair Powell speaks at the Economic Club of Washington, D.C. at 12:30 p.m. ET.
RegMed Investors (RMi) Closing bell: Friday “share pricing slides into home plate in the week. More than appreciate the upside yet, still nervous about the sector’s pricing continuum.” … https://www.regmedinvestors.com/articles/13534
Q3/24:
- July: 1 market holiday. 1 day off, 2 negative, 1 neutral (previous Friday) and 5 positive (last week) closes
Q2/24:
- June – 1 market holiday, 7 positive and 1 negative closes
- May – 1 holiday, 11 positive and 11 negative closes
- April - 16 negative and 6 positive closes
Companies in my headlights – It’s your decision; I provide ideas and context:
I post about “indication intelligence” devoting my time to collection and analysis of information to assist investors with insight into sector vulnerabilities and strengths. A dictionary definition of “indicate” refers to something less than a certainty; an indication could be a signal of being oversold or overbought, a recommendation, or grounds for inferring or a basis for believing.
Yet again, I am passing on forecasting the daily indications as I believe many equities have been on a dramatic and upside streak and potentially OVERBOUGHT and COULD be SOLD into by electronic trading focused as the aftermarket fluctuated while the pre-open waits for the all-clear alarm … it is still a mix of ups, downs and just unknowns.
- A few Friday and Sunday aftermarket ups and downs to be sorted out on Monday
The BOTTOM LINE: For the balance of the month, investors will focus most on share pricing!
Are we headed to a clash of algos and electronic trading regarding share pricing?
Reiterating, “Every time, when I hear and read new highs – I say BYE!”
- Friday's rally sent stocks into the weekend with yet more sector gains following Thursday's inflation data.
July week to date: advance/decline lines …
- Friday ended with a positive close of 22 incliners, 11 decliners and 2 flats
- Thursday ended with a positive close of 31 incliners, 2 decliners and 2 flats
- Wednesday ended with a positive close of 23 incliners, 10 decliners and 2 flats
- Tuesday ended with a positive close of 19 incliners, 12 decliners and 4 flats
- (7/8) Monday ended with 24 incliners, 8 decliners and 3 flats
- Friday ended with a neutral close of 16 incliners, 16 decliners and 3 flats
- Thursday was a market holiday
- Wednesday was a day off
- Tuesday ended with a negative close of 6 incliners, 19 decliners and 3 flats
- (7/1) Monday ended with a negative close of 13 incliners, 19 decliners and 3 flats
Last week:
- Friday: The Dow closed UP +247.15 points or +0.62%, the S&P closed UP +30.81 points or +0.55% while the Nasdaq closed UP +115.04 points or +0.63%
- Thursday: The Dow closed UP +32.39 points or +0.08%, the S&P closed DOWN -49.37 points or -0.88% while the Nasdaq closed DOWN -364.04 points or -1.95%
- Wednesday: The Dow closed UP +429.39 points or +1.09%, the S&P closed UP +56.93 points or +1.02% while the Nasdaq closed UP +218.16 points or +1.18%
- Tuesday: The Dow closed DOWN -52.82 points or -0.13%, the S&P closed UP +4.13 points or +0.07% while the Nasdaq closed UP +25.55 points or +0.14%
- Monday: The Dow closed DOWN -31.08 points or -0.08%, the S&P closed UP +5.66 points or +0.10% while the Nasdaq closed UP +50.98 points or +0.28%
This week, the economic data calendar will be sparse, with Tuesday's retail sales report for June serving as the highlight. After May's results showed a surprise slowdown in spending, investors and Fed watchers will monitor the results for signs of further weakness in the US consumer. <Yahoo Finance>
Reporting “dates” are DUE soon for Q2 LPS (loss per-share) boding releases:
- I’m still NOT feeling optimism --- it’s only a party for visits from “uncle algo and his electronic trading dwarfs”!
- Reiterating, “There is still the issue of the lack of catalysts as we head into Q2 earnings season.”
Watch the “numbers, charts and indicators” measure the daily, weekly, and monthly charts can filter out or lessen the noise of back-and-forth share pricing from sector rotation.
- The short-term moving averages help you identify the momentum of the trend — that is, overbought or oversold
Welcome to my world of defining the “grey’ in our universe!
- Right up front, “I also hate to be so negative or contrarian but, this is a NO spin zone and facts are its product; I can always be WRONG but … I am mostly EARLY!”
- The sector is what it is, until it isn’t and even then, it doesn’t seem to be… as NOT much changes as the sector’s share pricing rides the waves of volatility, algorithms, electronic trading and short covering.
- I am more frequently right than consequentially wrong; if I wanted to be liked, I wouldn’t have been an analyst/journalist.
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. All investments are subject to risks. Investors should consider investment objectives.
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. Regulation Analyst Certification (Reg AC): The research analyst primarily responsible for the content of this report certifies the following under Reg AC: I hereby certify that all views expressed in this report accurately reflect my personal views about the subject company or companies and it’s or their securities. I also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report.
Henry McCusker, the editor and publisher of RegMed Investors could hold or have positions securities referred to in this publication and he will NOTIFY investors of holdings.