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 3/29/16

Major averages finished a quiet day yesterday as they closed roughly flat on lower volume. For the most part, the indexes appear to be consolidating their prior upside moves off of the February lows. However, investors should be alert to the nature of any pullback as it could develop into a potential rally failure at any time.

Fed Chair Yellen speaks today at 12:20 p.m. EDT. The upwardly revised GDP and core PCE, the Fed's favorite measure of inflation, which is closing in on 2% may give her room to support the two additional rate hikes planned for this year. That said, keep in mind that these are just two data points in a sea of evidence that still points to an unhealthy economy.

Thus, she can continue to suggest higher rates in the future, but actually pulling the trigger is unlikely until the global economy starts to show definitive signs of recovering. This could be a long way off given the corner into which central banks have painted themselves as negative rates in the few countries that have pushed rates that low have yet to show growth, and more likely, are inviting a whole host of new troubles.

Progress has remained slow among individual leading stocks, with names like MXL and SWHC getting hit with selling pressure that has thrown them out of their previously orderly patterns. Other names remain slightly extended. and we would exercise caution with respect to our entry points on the long side. Investors should seek to use constructive weakness rather than chasing strength.

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