Investors should remain aware of leading stocks that are acting normally during the pullback and any potential long entry points that occur on light-volume pullbacks into areas of logical support.
Market Lab Report - Premarket Pulse 5/13/15
|Published:||13 May 2015 12:48 ET|
Markets gapped lower yesterday as bonds continued their freefall, but then managed to close in the upper half of their respective trading ranges, with the NASDAQ Composite closing above its 50-day moving average after trading under its 50-day moving average for a good part of the day, and the S&P 500 bouncing off its own 50-day moving average. Markets remain stuck in a sloppy trading range though the amplitudes of the major indices are diminishing, suggesting that a potential breakout or breakdown out of the range may lie shortly ahead. Futures are currently up about 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. ©2022 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.