PPR - 3 pocket pivots

Published : January 19 2012 at 7:47 ET

EXPE - Provides online travel services. Classic base breakout coinciding with pocket pivot. Overall rating 88.

BIIB - Biotech leader Biogen (BIIB) has been showing recent pocket pivot action. Industry group rank is 2nd out of 202, overall rating is 98.

PCLN - Former leader Priceline.com is reasserting itself as it potentially finishes out its 9 month basing pattern. It just broke through both its 50dma and 200dma. Earnings and sales are accelerating, institutional sponsorship is growing, and overall rating is 93.

The market has had its longest upside run on lower volume up until yesterday. Leading stocks continued to lag up until the last couple of days where there has been observed a reawakening. This is likely to push the Market Direction Model into a buy signal. We will keep members posted. That said, any bad news out of Europe could take the market back down, repeating the trendlessness observed throughout 2011.

This information is provided by Virtue of Selfish Investing, LLC (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing, LLC. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2016 Virtue of Selfish Investing, LLC. All rights reserved.