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Market Lab Report - Premarket Pulse 12/23/16

Published : December 23 2016 at 9:31 ET

Major averages fell yesterday on higher, but below average pre-holiday volume. Quiet, range-bound action is typical this time of year in the week before and after Dec 25. That said,
on some occasions, the market can correct a couple percent, but typically nothing substantial. Individual stocks, on the other hand, can make material moves in either direction so always keep your stops tight regardless.

In terms of strong long set-ups, were are not seeing much in the way of immediately actionable situations arise as we progress through the holiday season. This may remain the case as we move into year-end next week, so investors might consider keeping their powder dry.


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.