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Market Lab Report - Premarket Pulse 11/18/15

Major averages reversed course yesterday on higher volume after initially opening up strongly to close near their lows. The S&P 500 came right up against its 200-day moving average which served as resistance, then closed in the lower half of its range. Futures are higher.

We have a few new pocket pivots shown below but, as always, when market conditions are tenuous, these names should be added to your watch list, then possibly bought on constructive weakness should the general market continue higher. Meanwhile, some of the stocks in your list of shortable stocks that are setting up may become actionable, especially during days such as yesterday when major averages rose, then reversed course.

Provider of Phase I to Phase IV clinical development services for the pharmaceutical and medical device industries INCR had a pocket pivot. Earnings are skyrocketing, institutional sponsorship has grown in all four quarters since the company went public, group rank 96.

Semiconductor IDTI had a pocket pivot breakout. Earnings are stellar, pretax margin 26%, group rank 19.

Payment processor VNTV had a pocket pivot. In late October, it gapped up on strong earnings. Earnings are accelerating, pretax margin 20%, ROE 44.6%, group rank 29. It may close midbar but the market has been somewhat weak in today's trade.

Staffing company ASGN had a pocket pivot after gapping higher on its prior earnings report. Earnings and sales are accelerating, group rank 24.

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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