X
X
Tired?
Unfocused?
Off your game?

Read our free Dr K report on how to optimize your mind and body so you can boost your focus when trading the markets.
YES, SEND ME THE REPORT !
NO, I'M NOT INTERESTED
Your email will always remain private.

Market Lab Report - Pre-Market Pulse for Friday, March 16, 2018

Major market averages closed mixed as the Dow rallied while all other major market indexes closed down. The S&P 500 closed just below its 50-dma on higher NYSE volume. NASDAQ volume was lighter as the NASDAQ Composite sold off 2/10ths of a percent. It continues to pull back towards its prior breakout point in the 7437-38 price area, but remains well above that price level.

Futures are roughly flat at the time of this writing. Investors are  looking ahead to the Federal Reserve’s monetary policy meeting next week. The fed-fund futures market is betting there is a 91.6% chance of a 0.25 percentage point rate increase on March 21, according to the CME's FedWatch Tool.

Major averages have pulled back this week largely due to persistent worries about a potential global trade war, particularly between the U.S. and China. The Trump administration has been aggressive about protective levies. Personnel changes in the White House have also accounted for market instability including the departure of Rex Tillerson as secretary of state and the possible replacement of national security adviser Lt. Gen. H.R. McMaster. 

Today is quadruple-witching day which often leads to greater volatility and trading volume for markets.

Focus List Notes:
AMAT continues to hold near-term support at the 10-dma.
BB posted a pocket pivot as it gapped up at the open and rallied to higher highs. The stock was previously buyable along the 50-dma per our prior notes.
NFLX is holding tight right at its 10-dma on volume that was -54% below-average yesterday. This could be considered a lower-risk add point, using the 10-dma as a selling guide for shares purchased up at current price levels.
NVDA continues to hold tight along the highs of its current base and should be watched for a possible breakout.
TEAM has pulled into its 10-dma again as volume declined to -35% below-average. This would be a lower-risk entry point. 
Like what you read?
Let us help you make sense of these markets by signing up for our free Market Lab Reports:
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (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. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2018 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
FOR OUR FREE MARKET LAB REPORT :
Copyright ©2018 MoKa Investors, LLC DBA Virtue of Selfish Investing.
All Rights Reserved.
privacy policy