X
X
Tired?
Unfocused?
Off your game?

Read our free 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 !
NO, I'M NOT INTERESTED
Your email will always remain private.

Market Lab Report - Premarket Pulse 6/9/16

Major averages rose yesterday on mixed, below average volume. The S&P 500 is a breath away from all-time highs. Both the S&P 500 and the NASDAQ Composite logged new year-to-date closing highs.

Central banks remain supportive of QE as European Central Bank President Mario Draghi urged European governments to play their part in boosting growth and inflation in the region, warning that a lack of economic reforms is making the ECB’s job harder.

Though despite an onslought of QE over the past few years from global central banks, resulting in negative interest rates in some countries, inflation remains far short of the central bank’s near 2% target, coming in at minus 0.1% last month, while economic stagnation remains. Indeed, the World Bank lowered its 2016 global GDP growth forecast to 2.4% from 2.9% and slashed the U.S. growth outlook to 1.9% from 2.7%.

Nevertheless, investors are seeing the markets as half-full instead of half-empty, so the downgrades did not pressure stocks as investors interpreted the news as a sign that domestic and global monetary policy may remain highly accommodative.

Telecom equipment manufacturer Ubiquiti Networks (UBNT) had a pocket pivot off its 10-day moving average after trading down for the day. Upside reversals on volume are powerful patterns. UBNT gapped high on its prior earnings report. Earnings and sales are accelerating, pretax margin 32.8%, ROE 46.6%, group rank 58.

Like what you read?
Let us help you make sense of these markets by signing up for our free Market Lab Reports:
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. ©2018 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
FOR OUR FREE MARKET LAB REPORT :
Copyright ©2018 MoKa Investors, LLC DBA Virtue of Selfish Investing.
All Rights Reserved.
privacy policy