Major averages rose last Friday on lower volume with all major averages closing at new all-time highs. While the VIX continues to trade near all-time lows, the piece we sent out over the weekend should put to rest any fears regarding market corrections that occur when the VIX trades at these levels. So while a material correction could occur, so could a minor one. The market could also just trade sideways for a bit to digest recent gains. In brief: Watch Your Stocks.
Stocks on our Focus List Review emailed to members over the weekend show stocks, in general, continue to act constructively.
The general market is trading higher, continuing its current uptrend for now, as earnings news winds down and no significant economic reports come until Tuesday's CPI report (est 0.3%).
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. ©2022 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.