The NASDAQ Composite Index posted a new all-time high yesterday on slightly higher volume. The action remains constructive ahead of today's Fed policy announcement, where the Fed is expected to raise rates another quarter-point. Given the global economic struggles, the Fed will find it a challenge to hike rates in 2019. Odds are they may have to reverse their rate hikes at some point. A devaluation of fiat is also in the cards.
Futures are higher at the time of this writing.
Focus List Notes:
Both Netflix (NFLX) and Nvidia (NVDA) are holding tight along their 10-dma as volume dries up low. This puts both stocks in lower-risk entry positions while using the 10-dma as a tight selling guide.
Market Lab Report - Pre-Market Pulse for Wednesday, June 13, 2018
|Published:||13 Jun 2018 07:15 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. ©2019 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.