- Equities are firmer at midday on August 19, with the S&P 500 up 35.22 points (+0.46%) to 7726.98, the Nasdaq Composite up 109.88 points (+0.42%) to 26420.62, and the DJIA up 153.20 points (+0.29%) to 53496.60
- The tape has stabilized after touching stronger levels near 11:05 ET, when the S&P 500 was up as much as 0.7% and the DJIA was up 353 points, before gains moderated into the noon hour
- The dominant story of the session is Moderna's (MRNA) explosive rally of more than 125% following positive late-stage results from an experimental personalized mRNA melanoma vaccine developed with Merck (MRK), which has propelled the health care sector to a session-leading gain of roughly 2.9%-3.1% and pushed the SPDR Biotech ETF (XBI) toward its 2021 record high
- Cautious.
- What's working: the Continuation/2LYNCH scan is moderately rich with 10 signals (ULTA,…
- equity futures are pointing to a mixed, subdued open Wednesday morning, with…
- The market is digesting a combination of rising crude oil prices —…
- ETON ($63.43): ATR multiple 9.75, 0 funds, undefined%
- STRL ($554.76): ATR multiple -2.43, 0 funds, undefined%
- OCUL ($11.01): catalyst 1d ago, +6.1% gap, RVOL 1.8
- PURR ($7.20): catalyst 1d ago, +7.0% gap, RVOL 1.4
- EOLS ($8.18): +5.3%, RVOL 0.7, at_supply
- ONDS ($9.06): +0.7%, RVOL 0.8, between
- equities finished broadly lower on Tuesday, August 18, as a sharp reversal…
- The S&P 500 fell 53.30 points (-0.69%) to close at 7,691.76, while…
- Cautious.
- What's working: Continuation (2LYNCH) fired 10 signals led by defensives (NOC +3.4%,…
- equities are lower at midday on Tuesday, August 18, as a sharp…
- The S&P 500 trades at 7,705.43, down 39.63 points (-0.51%), the Nasdaq…
- Cautious.
- What's working: Continuation/2LYNCH is the deepest scan with 23 signals — energy…
