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.
Your email will always remain private.

Market Lab Report - Premarket Pulse 4/28/15

Major averages reversed course yesterday on higher, above average volume with many leading stocks including a number of tech and bio-tech names also doing about-faces. The bio-tech sector was hit particularly hard as a broad swath of these stocks came unglued. Such activity can be particularly negative and mark a short-term top. Since the markets have had issues when it comes to developing into any sort of longer uptrend since December, it would not be surprising to see a short-term pullback once again. MDM may go to sell signal to see how the pullback develops. Stay tuned.

That said, the Federal Reserve concludes its two-day meeting on Wednesday. They have taken a fully dovish stance in prior statements. Given the lagging global economy, their position has been to keep rates historically low until there is sufficient evidence of an economy that is turning the corner. This has yet to happen, and is probably a longer way off than analysts think.

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.
Copyright ©2022 MoKa Investors, LLC DBA Virtue of Selfish Investing.
All Rights Reserved.
privacy policy