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 7/14/17

Major averages baby stepped higher on lower volume. While the Dow Industrials closed at new highs, technology stocks are still on the mend. This year, when markets look about ready to fall apart, they find a shallow floor and move higher courtesy of QE.

Futures are up on CPI news. Total CPI was unchanged vs est 0.0% in June while core CPI, which excludes food and energy, increased 0.1% vs. est 0.2%. On a year-over-year basis, total CPI is up 1.6% and core CPI has increased 1.7%.

Separately, June retail sales decreased 0.2% vs. est +0.1%. The prior month's reading was revised to -0.1% from -0.3%. Excluding autos, retail sales decreased 0.1% vs. est 0.2%. The prior month's reading was left unrevised at -0.3%.


Focus List Notes AAOI broke out on a buyable gap-up move yesterday on heavy buying volume after pre-announcing strong earnings results. APPN is pulling down into its prior trendline breakout point on light volume. LITE posted another pocket pivot on strong volume in sympathy to AAOI's move. The stock was last buyable along the 20-dema per our notes from the prior two days. NFLX held tight along its 50-dma yesterday as it constructively consolidated the prior day's pocket pivot move back above the 50-dma. The company is expected to report earnings next Tuesday after the close. YEXT posted its second pocket pivot in a row as it cleared the 50-day moving average yesterday on another pocket pivot volume signature. Watch for pullbacks to the 50-day line as potential lower-risk entry opportunities.
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