Market Lab Report - Premarket Pulse 8/17/15

Published : August 17 2015 at 10:15 ET
Major averages rose Friday on lower late summer volume. All of the major moving averages remain below their 50-day moving averages and have wedged higher over the past two days after Wednesday's upside reversal. The S&P 500 has rallied right up into its 50-day moving average, which could set up the context for a pullback from here.

The global economy continues to sag, commodities continue to plumb new depths, and central banks continue to print. Despite the market's trendlessness, certain stocks we have emailed members in real-time have offered some opportunities. Nevertheless, this is a market where baby steps can result in nice profits over a period of time, therefore take profits where you have them in context with the chart, and keep stops tight so you preserve precious gains.

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