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RegMed Daily, Closing Bell, 10/10/11, a rally is a process, not an event

End of Day, Cause and Effect …

 

US stocks rallied 3%, however …wild swings are destroying confidence, as price discovery is still lacking … with few investors … and … lots of traders!

High frequency trading has hijacked the market … market data has been corrupted … with a lot of investors having a lot to SELL  but …  not to BUY.

Momentum has been a moving indicator … but, again … not in this market.

 

Closing Bell: The NASDAQ closed UP +86.70 (+3.50%) to 2,566.05. The Dow closed UP +330.06 (+2.97%) to 11,433.18.

 

Who’s up … at the close and any … whys: The VIX is staying very HIGH … in the ’30 …

Athersys (NASDAQ:ATHX) +$0.09 <+5.59%> to $1.70BioTime (AMEX: BTX) +$0.24 <5.7%> to $4.40; ; Cytori (NASDAQ:CYTX) +$0.18 <+6.62%> to $2.90;  Geron (NASDAQ:GERN) +$0.07 <+3.23%> to $2.24;  NeoStem (AMEX: NBS) +$0.07 <+10.61%> to $0.73; Opexa (OPXa) +$0.04 <+3.74%> to $1.11; Pluristem (NASDAQ:PSTI) +$0.08 <+3.28%> to $2.52; StemCells (STEM) +$0.02 <0.96%> to $2.10 and ThermoGenesis (NASDAQ:KOOL) +$0.08 <+7.02%> to $1.22. 

 **<Good / small Volumes>