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 - Premarket Pulse 1/21/16

Major averages attempted another bounce, this time on huge volume. The NASDAQ Composite finished close to breakeven while the S&P 500 was down about 1%. Both had long lower tails improving the odds of a temporary bottom. Both also retested prior lows with the S&P 500 retesting its October 2014 low. The rally was catalyzed by Fed futures which suggest, given the calamity in global markets, that the Fed is far less likely to hike rates more than once in 2016.

US futures were pulled down overnight by China's markets which have yet to find a floor. While the US Federal Reserve maintains its "no more QE" policy, the odds of central banks around the world taking additional quantitative easing measures is on the rise. China's central bank earlier this week made its most aggressive cash injection in four years into the country's financial system. And today, The European Central Bank's president Mario Draghi, after keeping interest rates steady, said the ECB will review and 'possibly reconsider' its policy stance on rates at its next meeting on March 10 as global market turmoil raises downside risks.

After being down earlier this morning, futures are now up at the time of this writing on Draghi's announcement. Expect more volatility ahead.

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