MLR - PMP 11/15/13

Published : November 15 2013 at 8:57 ET

The major averages rose yesterday on mixed volume. Despite Cisco (CSCO) gapping lower, the NASDAQ Composite managed to post a gain on higher volume, a good deal of which was due to CSCO's huge volume levels.

Qiwi (QIWI) had a pocket pivot. Its group rank is #27, and profitability is strong with an ROE of 43.2%. Sales are accelerating and earnings are up 52% in the most recent quarter.

Apple (AAPL) had a pocket pivot. Keep in mind it is a former leading stock whose fast price appreciation may be well behind it as stocks that have massive gains then significant corrects usually settle into a slower ascent in the best case scenario unless something material changes for the company. AAPL also did have a gap down in September so position size accordingly.

Vips (VIPS) had a pocket pivot 2 days ago but due to its volatility, it is best to wait for it to pull back on constructive volume as it did Thursday. One may take a position or wait for further pullback, depending on one's risk tolerance levels. Earnings and sales have risen like a rocket, group rank 28. Keep in mind this is a Chinese stock so carries more risk, but has a market cap of $4.7 billion so that bodes well in its favor as it is not a small cap.

Netflix (NFLX) just missed having a pocket pivot yesterday as volume fell slightly short. The stock is holding up tight along its 10-day moving average and could make another attempt at a pocket pivot in the coming days.

Exone (XONE) and Sunpower (SPWR) had buyable gap ups. XONE just reported earnings. The solar space of which SPWR is a member and the 3-D space of which XONE is a member have been particularly strong with group rank 1 and 2, respectively. Other names including 3-D Systems (DDD), Stratasys(SSYS), First Solar (FSLR) and Canadian Solar (CSIQ) are in healthy uptrends.

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