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Market Lab Report - Premarket Pulse 5/10/17

Published : May 10 2017 at 9:23 ET

Major averages closed mixed on mixed volume. The VIX only ticked up slightly higher on news that Trump had fired FBI director Comey as well as on news that North Korea plans to continue with its nuclear tests. The VIX has spent the week so far in near record lows. Futures are roughly flat the time of this writing.

Focus List Review

BZUN - Third time might be the charm for BZUN which is on its third breakout attempt though is very extended by any means. Leading Chinese names continue to perform well.

CC is sitting right at its 10-dma with volume drying up sharply to -37% below average yesterday. This puts is in a lower-risk entry position using the 10-dma or 20-dema as a selling guide.

COHR is gapping up this morning after beating on earnings last night. Watch carefully for a possible buyable gap-up situation to emerge once/if an intraday low is established.

JD gapped up on Monay and established an intraday low of 37.69 which could be used as a tight selling guide for those wishing to play this current action as a buyable gap-up. Keep in mind that JD is somewhat extended in its pattern, so keeping a tight selling guide is critical.

NFLX is tracking tight sideways as it begins to meet up with its 10-dma. This puts in a lower-risk entry position using the 10-dma as a selling guide, or the 20-dema as a wider selling guide.

SQ continues to hold tight sideways after last Thursday's buyable gap-up move. It remains within buying range of the BGU, using the 19.18 BGU intraday low as a selling guide.


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