Major averages rose on lower volume. Futures are up strongly on the NASDAQ after Apple (AAPL) beat both top and bottom line estimates and issued encouraging guidance that suggests the fall iPhone 8 launch is on track. Apple is up more than 6% in pre-market action.
Focus List Notes:
Stocks are reacting to the upside this morning as a result of AAPL's earnings report last night and subsequent gap-up this morning. Few Focus List names, however, are at lower-risk entry positions, and most are expected to report earnings over the next few days, such a AAOI, ANET, APPN, BABA, BZUN, LITE, and TTWO.
NTNX is attempting in pre-open trade to rally back above the prior 21.62 low of its July 14th BGU. That would set up a undercut & rally entry using the 21.62 price point as a selling guide.
NOW is holding above its 10-dma and 20-dema which keeps it in a lower-risk entry position using the 20-dema as a selling guide.
Market Lab Report - Premarket Pulse 8/2/17
Published: | 2 Aug 2017 09:21 ET |
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.