fb
X
X
Tired?
Unfocused?
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.
YES, SEND ME THE REPORT !
Meet Dr K !
Chris Kacher
  • Nuclear physicist
  • Stock & crypto market wizard
  • Blockchain builder
  • Bestselling author
  • Top 40 charted musician
  • Biohacker
  • Former computer hacker
YES, SEND ME THE FILE !
YES, SEND ME BOTH !
Your email will always remain private.

Market Lab Report - Premarket Pulse 6/8/16

Major averages finished nearly flat yesterday on mixed volume, though closed near the lows of their respective trading ranges. This is the opposite of what they have been doing in days prior by starting weak and finishing strong. Nevertheless, the overall trend remains up, but stay vigilant for signs of sudden pullbacks, common in these markets, by keeping stops tight, using such weakness to enter a stock on a constructive pullback.

Semiconductor stock Broadcom Ltd. (AVGO) gapped higher two days ago on a strong earnings report. It had gapped higher several times prior only to move sideways in all but one case. That said, given its current price action along with earnings and sales strongly accelerating, and given the overall tone of the stock market, the odds grow of the stock managing an uptrend. The low of the gap up day is about 2.6% from where it is currently trading. Pretax margin 40.6%, ROE 65.7%, group rank 69.

Telecom infrastructure service company Dycom (DY) had a pocket pivot. It gapped higher on its prior earnings report then traded sideways in a tight, constructive formation. Earnings and sales are sharply accelerating, group rank 55.

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.
FOR OUR FREE MARKET LAB REPORT :
Copyright ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing.
All Rights Reserved.
privacy policy