MLR - PMP 12/31/14

Published : December 31 2014 at 9:06 ET

Major averages closed lower yesterday on mixed but well-below average holiday volume as the NASDAQ Composite posted a distribution day off the peak. Futures are up slightly this morning in anticipation of a quiet New Year's Eve trading session. Oil has yet to show anything close to resembling a price floor, so while quiet trading should be expected today and Friday, don't get complacent if you have positions that are not acting properly.

Over the past few days we have seen virtually no actionable buy signals appearing in leading stocks as most flashed such signals over the last 1-2 weeks as the market turned off the lows of three Tuesdays ago. Most leading stocks that showed strength as the market turned at that time are now pulling back, some into areas of logical resistance, which might provide lower-risk entry points for those pullbacks that are occurring constructively. Otherwise the market is showing some signs of fatigue not unlike that seen at the start of December, and we look forward to whatever opportunities the market has in store as we move into the New Year.

Both of us wish all of you a very Happy New Year and a prosperous and profitable 2015. Salud!

Dr. Chris Kacher
Gil Morales

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.