Major averages diverged yesterday with the Dow selling off -0.62% and the S&P 500 -0.13% on lighter NYSE volume. Meanwhile, the NASDAQ Composite, led by large-cap NASDAQ names, posted a new all-time high on slightly higher NASDAQ volume.
Futures shot higher as CPI came in as expected. Total CPI increased 0.2% in February and core CPI, which excludes food and energy, also rose 0.2%, both matching estimates. On a year-over-year basis, total CPI is up 2.2% (up from 2.1% in January) and core CPI is up 1.8% (unchanged from 1.8% in January).
Focus List Notes:
Blackberry (BB) is holding tight and just above its 50-dma as volume declined to -51.4% below average. This is constructive action following last Thursday's pocket pivot coming up through the 50-dma and keeps the stock within buying range while using the 50-dma as a selling guide.
Market Lab Report - Pre-Market Pulse for Tuesday, March 13, 2018
|Published:||13 Mar 2018 08:59 ET|
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. ©2022 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.