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, June 20, 2018

Major averages sold off yesterday on higher volume as the U.S.-China "Trade Tiff" escalated. The Trump Administration on Monday night threatened to levy a 10% tariff on $200 billion worth of Chinese goods and services, upping the ante after both the U.S. and China each announced tariffs on $50 billion worth of each others' goods and services. The indexes closed off their lows, but the action still qualified as another distribution day. The ongoing Trade Tiff creates an environment of uncertainty and fragility, and may continue to impose some volatility on the indexes and individual stocks, particularly those most sensitive to such tariffs. Thus, we saw names like Apple (AAPL), Caterpillar (CAT) and Boeing (BA) sell off hard yesterday on heavy volume.

Futures are up at the time of this writing as the overall market continues to show resilience in the face of the trade war with China. The risk on small cap Russell 2000 index closed at new highs yesterday.

Focus List Notes:
AMZN posted a new all-time high on slightly above-average volume.
BZUN dropped below its 20-dema, but was able to close just above the line as it recovered sharply off the intraday lows.
FTNT found support at its 20-dema, which is the prescribed entry point using the 20-dema as a tight selling guide.
NFLX pushed through the $400 Century Mark, which technically triggers a buy signal at the 400 price point based on Jesse Livermore's Century Mark Rule. The stock was helped along by some analyst recommendations, one of which reiterated a $420 price target, and the other a $500 price target.
NVDA broke below its 20-dema early in the day, but managed to recover and trade back above the line by the close.
SQ found support at its 10-dma and closed near the highs of its daily trading range.

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