MLR - PMP 11/14/14

Published : November 14 2014 at 8:17 ET

Major averages were close to flat yesterday except for the Russell 2000 which was down almost 1%. Volume rose. The ascent of the bounce has slowed which helps averages digest sharp gains or, instead, increases the odds that the market may have come too far too fast, especially in an environment lacking QE.

Bioinformatics company ReWalk Robotics (RWLK) that develops exoskeletons for the treatment of wheelchair bound individuals had a buyable gap up after a strong earnings report. The gap up nearly closed minutes after the market opened but then rebounded. RWLK then also traded enough volume for a pocket pivot. Unfortunately, selling pressure renewed later in the day. We discussed RWLK in more detail in a separate report sent out yesterday.

Network security software company CyberArk Software (CYBR) had a buyable gap up after a strong earnings report. We hold a position in CYBR. Earnings and sales are accelerating, group rank 2.

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.