September 3, 2024 8:07am

U.S. stock markets were closed Monday for Labor Day. Markets were open globally.

News: investment conferences should help share pricing

There is no breadline for share pricing and fact-based intelligence! 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!

 

Tuesday: The pre-open Dow futures are DOWN -0.50% or (-210 points), the S&P futures are DOWN -0.50% or (28 points) and the Nasdaq futures are DOWN -0.65% or (-127 points)

  • U.S. stock futures declined Tuesday,
  • European stocks were lower,
  • Asia-Pacific markets mostly fall.

 

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 +228.03 points or +0.55%, the S&P closed UP +56.44 points or +1.01% while the Nasdaq closed UP +197.19 points or +1.13%

  • Friday’s advance/decline line ended with a luckily positive at the close of 18 incliner, 13 decliners and 4 flats

Economic Data Docket:  On Friday, investors will get the August jobs report.

 

Friday’s RegMed Investors (RMi) Closing bell: “sector wins the share pricing tur-of-war at the close. As investors brace for September, historically known as the worst month for equities. As I have written, share pricing satisfaction and disappointment come in alternating or leapfrogging sessions.” …  https://www.regmedinvestors.com/articles/13597

 

Q3/24:

  • September 3– 1st session
  • August – I neutral, 10 positive and 11 negative closes
  • July: 1 market holiday. 1 day off, 6 negative, 1 neutral and 12 positive closes

 

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

I post about “indication intelligence” looking toward investment conferences … 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.

 

The BOTTOM LINE:  The gallows has ropes swinging, waiting for ...??? 

The Nasdaq has some work to do before getting to its own power trend. Right now, it needs to decisively reclaim the 50-day line, then clear its recent range and the 18,000 level. On the flip side, there's the risk that the Nasdaq could break below its 21-day line. <IBD>

  • Nasdaq futures will “probably” fall back below the 50-day line and perhaps test the 21-day line at today’s open.

 I’d be WATING this week for conferences to BUY a few sector equities up and then take some gains!

While attention turns to incoming labor market data set for release throughout the week.

 

Needs to be said, worst case scenario, as the Fed gears up for its first interest rate cut in September, some investors feel the US is already down the path of recession

 

Think a game of monopoly and follow RMi’s interchanges to gain profit moves or recoup losses – eat the popcorn and ponder ANY moves!

  • Short on words, long on being Judicious!

 

Watch the “numbers, charts and indicators” measure the daily, weekly, and monthly charts to filter out or lessen the noise of back-and-forth share pricing from the 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.