Off your game?
Read our free, updated as of Mar 3, 2022, Dr K report on how to optimize your mind and body so you can boost your focus when trading the markets.
Meet Dr K !
Chris Kacher
  • Nuclear physicist
  • Stock & crypto market wizard
  • Blockchain builder
  • Bestselling author
  • Top 40 charted musician
  • Biohacker
  • Former computer hacker
Your email will always remain private.

Market Lab Report - Pre-Market Pulse for Wednesday, April 18, 2018

Major indexes gapped above their 50-dmas, adding confirmation to last week's follow-through day.

Futures are up as S&P 500 stocks on average are expected to see earnings growth of 17.3% for the period, the fastest rate of expansion since 2011. Of course, this is due largely to QE from global central banks. The capital finds its way into U.S. stocks which gives companies the ability to buy back shares in materially greater quantities thus artificially boosts earnings.

Cloud leaders Salesforce.com (CRM) and Workday (WDAY) both posted roundabout pocket pivots yesterday as they start to come up the right side of potential new bases.

Focus List Notes:
Focus list names all moved higher yesterday, but the only one that was actionable was Netflix (NFLX), which posted a buyable gap-up move that was also a base breakout. The intraday low at 323.77 would serve as a selling guide, although we would expect the stock to hold above the 333.98 base breakout point.
Amazon.com (AMZN) regained its 50-dma on below-average volume. The company is expected to report earnings next Thursday.
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. ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
Copyright ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing.
All Rights Reserved.
privacy policy