Market Lab Report - Premarket Pulse 8/14/15

Published : August 14 2015 at 9:05 ET
Major averages fell yesterday on lower volume as they reversed off of their intraday highs to close down late in the day. The S&P 500 and NASDAQ Composite met with resistance at their respective 50-day moving averages. That said, the 50-day line has been disrespected a number of times in this sideways market. While the choppiness continues, the sidelines are not a bad place to be until the dust settles. Keep your eye on your watch list of stocks, either long or short, since profit opportunities can come at the least expected moments.

Healthcare service provider Molina Healthcare (MOH) had a pocket pivot. It gapped up on a strong earnings report 2 weeks ago. Earnings and sales are strongly accelerating, group rank 31.

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.