Market Lab Report - VoSI Focus List Review for the Week Ended September 16, 2016
Current VoSI Focus List
The market pullback two Fridays ago helped to sift out eight names which were removed from the Focus List: AYI, BSC, DW, EBIX, ELLI, JBT, MBLY, and UFPI.
Stocks acting or holding constructively along their 10-day moving averages: EW, SSTK, TLND, VEEV.
Stocks acting or holding constructively along their 20-day exponential moving averages: TEAM
Stocks pulling into their 50-day moving averages: AMWD.
Stocks already on the list that had pocket pivots this past week: AMZN, FIT, GRUB, ISRG, MOMO, NTES, NVDA, WB, WIX.
Stocks that had pullbacks to support at their 20-day moving averages then bounced without a pocket pivot: ACIA, BABA, and TWLO. [Note: buying on constructive weakness allows one to reduce their risk thus a subsequent pocket pivot is not required. Indeed, BABA closed at new highs on Thursday and Friday.]
Note: The VoSI Focus List is covered in detail during our live weekly market webinars as part of the webinar service.
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