Major averages rose yesterday on lower volume. Recent headlines have been dominated by references to how September is the worst month for the US stock market. September was indeed the worst performing month with the average month down -0.93% from 1972-2015, and down 55% of the time. But that means it was up 45% of the time. So as always, for the portion of your portfolio that is invested in stocks, let them guide your portfolio decisions.
Developer of high-speed interconnect modules for cloud operators ACIA had a continuation pocket pivot. Earnings and sales are skyrocketing, ROE 55.7%, group rank 3. ACIA has been the outright leader pricewise. We mentioned ACIA last Thursday as one to watch for any constructive pullbacks. It had a low volume pullback on Thursday as well as using the "Livermorian" 100 Century Mark price level as support on both Thursday and Friday, a concept that has been discussed many times in our live webinars.
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. ©2022 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.