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 2/7/17

Major averages were flat to lower yesterday on lower volume but managed to close in the upper half of their trading ranges. The big cap NASDAQ-100 eeked out a fractional gain. Futures are up this morning.

Focus List Update:

AMZN pulled back marginally relative to Friday's gap-down through the 20-day moving average and closed mid-range as volume dried up sharply. This may indicate that near-term selling pressure is dissipating. As a big leader, AMZN should be watched for any kind of recovery back up through the 20-dema.

BABA is holding very tight at its 10-day line and above the 99.94 inraday low of its prior BGU.

FB saw volume dry-up sharply yesterday as it held its 10-day moving average. The high volume on FB after it reported earnings may be due to institutional funds having to sell the stock to keep in line with % restrictions in their funds. Thus the current pullback to support on lower volume can be seen as constructive.

FCX is attempting to find support at its 20-dema.

GKOS had an outside upside reversal on above average volume. While it is still a bit extended, this bodes well for the stock longer term.

MOMO has pulled back into its 20-dema on light volume, putting it in a lower-risk entry position.

NFLX is holding very tight along its 10-day line as volume has dried up in the extreme.

SQ found support at its 50-day line yesterday.

X posted a pocket pivot last Frday, and is attempting to retake the 50-day line again this morning in pre-open trade

Z had a pocket pivot closing on its 50-day moving average.

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