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 5/28/15

Major averages rose yesterday on mixed volume with the NASDAQ Composite posting a close not seen since the year 2000, and is now just half a percent from its all-time high of 5132.50 achieved in March of 2000. Meanwhile, the small-cap Russell 2000 managed to closed above its 50-day moving average as and semiconductors roared ahead, also closing at levels not seen since year 2000.

Futures are currently under mild pressure as Chinese stocks fell the most in four months on Thursday after filings showed a major sovereign wealth fund reduced its stakes in the country's biggest state-owned banks for the first time. The Shanghai Composite Index sank -6.50%, but had risen over 50% year-to-date, so the decline should be viewed within the context of what has been a big bull market so far in 2015.

With the sideways market attempting another breakout, a number of actionable names are cropping up. This does not mean we are out of the woods yet, so position size with care.

Therapeutic drug maker RTRX had a buyable gap up. Sales are strongly accelerating, group rank 2.

Semiconductor SIMO had a pocket pivot/buyable gap up. Earnings and sales are strongly accelerating, pretax margin 25.9%, group rank 14.

Beauty haircare retailer ULTA had a pocket pivot off its 50dma after a tight sideways consolidation.

Biotech BMRN had a pocket pivot breakout. Group rank 2.

Fiber optic IC maker INFN had a pocket pivot off its 50dma. Earnings are skyrocketing, institutional sponsorship has grown last 4 quarters, group rank 6. This stock is trading midbar so wait closer to the close to see if it can finish in stronger fashion than where it is currently trading.

Semiconductor IPHI had a pocket pivot. Earnings and sales are skyrocketing, institutional sponsorship has grown last 7 quarters, group rank 14.

Telecom software maker BSFT had a pocket pivot after gapping up recent due to a strong earnings report. Earnings are hugely accelerating, sales are accelerating, pretax margin 19%, group rank 25.

Semiconductor IDTI had a pocket pivot off its 10dma. Earnings and sales are strongly accelerating, pretax margin 26%, group rank 14.

Psychiatric treatment facility provider ACHC had a pocket pivot off its 50dma. Earnings and sales are accelerating, institutional sponsorship has grown last 14 quarters, group rank 22.

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