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 11/3/15

Major averages were up yesterday on lower volume. Once again, they are for the most part approaching all time highs, while the NASDAQ 100 hit a new 15-year high, underscoring the narrow, big-stock leadership in this current environment. The question is whether the indexes will once again resume their trendless ways as they have for most of this year each time they were at or near new highs. Easy money has pushed markets higher since 2009 but it seems a QE-related exhaustion took effect this year as the sloppy uptrend in US markets stalled out. Nevertheless, stock opportunities continue to present themselves but one must be nimble in taking profits in context with the stock's chart and general market, and of course, quickly cutting any losses.

Telecom infrastructure company Dycom (DY) had a pocket pivot. Earnings are skyrocketing, sales are accelerating, group rank 11. Despite several pocket pivots in the stock over recent weeks, it has remained in a flat base as earnings approach later this month.

Cosmetic retailer Helen of Troy (HELE) had a pocket pivot. HELE gapped higher on its prior earnings report. It has since traded sideways and is just breaking out of its consolidation. Group rank 32.

Cruise line company Norwegian Cruise Lines (NCLH) had a pocket pivot. Earnings and sales are accelerating, group rank 55.

Financial software solutions company SS&C Technologies Holdings (SSNC) had a pocket pivot. Sales are strongly accelerating, pretax margin 37.2%, group rank 31.

Tesla Motors (TSLA), which we have initiated as a short-sale twice since August, leading to substantial downside each time it failed at its 50-day moving average, is set to announce earnings after the close. Those holding short positions in the stock should consider whether they wish to play "earnings roulette" or bank their profits and wait to see where the stock goes following the report. Otherwise, we maintain our downside target of $180, notwithstanding any rallies that may occur between now and then.

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