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 Wednesday April 4, 2018

Major indexes rallied on lighter volume yesterday. The rally attempt was logical given that the Dow Jones Industrials Index undercut its February lows yesterday, hence was in a position for a typical undercut and rally (U&R) move. At the same time, the small-cap Russell 2000 Index undercut its March 2nd low and rallied in a U&R type of move as it also found support at its 200-dma on an intraday basis.

Futures are gapping lower by almost 2% at the time of this writing on returning fears about a potential global trade war. China’s ambassador to the U.S. earlier had said his country would “fight back” against Washington’s levies.

Focus List Notes:
In terms of concrete set-ups, the list has little to offer, as it the case with most leading stocks in this market after the sharp downside break we've seen over the past three weeks. AMZN, NFLX, and NVDA are now all trading below their 50-dmas. LITE appears to be headed for a test of its 50-dma, something we've been looking for. SQ is sitting at its 50-dma and its prior cup-with-handle breakout point, where it has been stuck stuck for the past four days, and failed to rally yesterday with the market. FTNT is perhaps the strongest of the names on the list as it holds above its 20-dema, and BZUN is not too far behind as it rests just below its 20-dema but well above its prior buyable gap-up low.
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