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Market Lab Report - Premarket Pulse 11/13/15

Major averages fell yesterday on higher volume. The S&P 500 closed below its 200-day moving average, a key line of support. This brings a potential move by the S&P 500 down to its 50-day moving average into play, which could coincide with the NASDAQ Composite pulling into its own 200-day line. Investors should remain alert to where their stops are on any long positions and prepared to take defensive action if necessary. Futures are currently trading lower as oil demand is projected to slow worldwide in 2016 and the Eurozone's Q3 GDP came in at 0.3% vs. an expected 0.4%.

With respect to the believability of the 5.0% unemployment rate, the labor participation rate has not been this low since 1978 suggesting that many have given up looking for work. The decline in labor participation peaked in 2001 during the recession then accelerated after 2008. So much for quantitative easing.

And with regards to falsified statistics such as the CPI, since everything is indexed to CPI, if government figures out ways to manipulate the CPI lower, they can more easily cut benefits.

Thus we live in a world characterized by the Orwellian paradox of government officials touting an "improving" economy while continuing to keep interest rates near zero.

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.
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