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 2/19/16

Major averages fell yesterday on lower volume after their three-day straight-up-from-bottom bounce. Leadership remains highly questionable, adding suspicion to the current bounce. Generally, follow-through days that eventually fail tend to do so rather quickly, and so far Wednesday's FTD appears headed for the same fate as the January 28th FTD. A number of stocks also ran right into resistance yesterday, as Gil Morales discussed in yesterday's live intraday webinar.

The CPI came in flat this morning vs. expectations of -0.1%, but excluding food and energy, core prices jumped 0.3%, the biggest gain since August 2011 due to rising medical care and housing costs. Over the past 12 months, core prices are up 2.2%. Of course, the CPI components continue to be manipulated with the ones rising the fastest removed from the CPI, thus the CPI is merely a measure of the current basket of components chosen to keep inflation low which also artificially boosts GDP, and gives the Fed  more room to hike rates. That said, even with this distortion, it is interesting that core prices are up 2.2% over the past 12 months suggesting that the Fed has less room to maneuver than expected in terms of reducing interest rates.

Serious slack demand for goods is of course creating lower prices in some sectors, which counters rising prices in other sectors from all the money that has been printed since QE began in late 2008.

Futures are off more than half a percent at the time of this writing.

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