fb
X
X
Tired?
Unfocused?
Off your game?
Read our free, updated as of Mar 3, 2022, Dr K report on how to optimize your mind and body so you can boost your focus when trading the markets.
YES, SEND ME THE REPORT !
Meet Dr K !
Chris Kacher
  • Nuclear physicist
  • Stock & crypto market wizard
  • Blockchain builder
  • Bestselling author
  • Top 40 charted musician
  • Biohacker
  • Former computer hacker
YES, SEND ME THE FILE !
YES, SEND ME BOTH !
Your email will always remain private.

Market Lab Report - Premarket Pulse 5/7/15

Major averages fell yesterday with the NASDAQ down on higher volume, adding yet another distribution day, while the S&P 500 was down on roughly even volume. Federal Reserve Chairwoman Janet Yellen spooked investors yesterday by spouting that stock valuations are “quite high" but the indexes were able to claw their way back by the close to finish roughly midbar. Still, all major averages are now under their respective 50-day moving averages. With the NASDAQ undercutting prior lows in April, the potential for a bounce exists as the market awaits tomorrow all-important jobs number. With the Fed admitting to "data dependence" in determining precisely when to begin raising interest rates, if at all, each new economic data point takes on added importance, and the market may remain volatile as a result of this keying on every bit of economic news coming down the pike.

Tesla Motors (TSLA) released earnings after the close yesterday, and after initially rallying as high as the 237 price level is set to open below 224 at the time of this writing. In our view this puts TSLA into play as a short-sale target using the 200-day moving average at 227.19 as a guide for an upside stop.

Chinese online e-commerce name Alibaba (BABA) is set to gap up nearly 10% at the open after beating on earnings, but the stock is not in any buyable position as it comes up off the extreme lows of its chart pattern.

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. ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
FOR OUR FREE MARKET LAB REPORT :
Copyright ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing.
All Rights Reserved.
privacy policy