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Market Lab Report - After the Open 1/12/17

Published : January 12 2017 at 10:16 ET

Major averages finished up on mixed volume. Biotech stocks will be in focus following a slump Wednesday when Trump said companies were “getting away with murder” with respect to drug prices.

With regard to Trump's other policies, St. Louis Fed President James Bullard said fiscal proposals discussed by Trump aren’t likely to take hold until 2018 or 2019. Thus even without gridlock, markets could experience difficulties much as they did after Reagan took office in 1981.

And of course, the mother of all potential headwinds, the QE bubble, could also burst in a rising interest rate environment.

Our Focus List has expanded, and note how some names have recently done well. This can be an optimal point to take profits if the price has gotten ahead of itself in context with the stock's chart. The market tends to have a rhythm wherein buying on constructive weakness near support then selling into short-term strength can help continue to push profits into your trading account. Then rinse and repeat.


This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (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. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2017 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.