Market Lab Report - Premarket Pulse 8/30/16
Major averages rose yesterday on lower volume. Recent headlines have been dominated by references to how September is the worst month for the US stock market. September was indeed the worst performing month with the average month down -0.93% from 1972-2015, and down 55% of the time. But that means it was up 45% of the time. So as always, for the portion of your portfolio that is invested in stocks, let them guide your portfolio decisions.
Developer of high-speed interconnect modules for cloud operators ACIA had a continuation pocket pivot. Earnings and sales are skyrocketing, ROE 55.7%, group rank 3. ACIA has been the outright leader pricewise. We mentioned ACIA last Thursday as one to watch for any constructive pullbacks. It had a low volume pullback on Thursday as well as using the "Livermorian" 100 Century Mark price level as support on both Thursday and Friday, a concept that has been discussed many times in our live webinars.
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