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RegMed Daily, Closing Bell, 10/5/11, the bears are here to stay

End of Day, Cause and Effect …

 

Stocks are off to a … slightly … higher … Wednesday … following a massive single-day reversal …and while the upturn may have room to run;  the … technical backdrop still has issues. Unfortunately, Friday’slikely weak jobs number will provide a … key test <starting Thursday> for the market, namely whether stocks can trade higher even when 1 of the economy’s key components is unlikely to show improvement anytime soon.

Closing Bell: The NASDAQ closed UP +55.69 (+2.32%) to 2,460.51. The Dow closed UP +131.24 (+1.21%) to 10,939.95.

Who’s up … at the close and any … whys:  

Athersys (NASDAQ:ATHX) +$0.01 <0.65%> to $1.56;  Biotime (AMEX: BTX) +$0.11 <2.67%> to $4.23; ImmunoCellular (OTC BB: IMUC) +$0.09 <+5.96%> to $1.60;   NeoStem (AMEX: NBS) +$0.01 <+1.41%> to $0.72;  Pluristem (NASDAQ:PSTI) +$0.09 <4.24%> to $2.19; StemCells (STEM) +0.33 <19.30%> to $2.04; and Tengion (TNGN) +0.029 <6.59%> to $0.469.

**<Good but small Volumes>

… A GOOD  day again <not bad>  for OUR universe, as I said yesterday, I believe we had found and … testing … the lows …