Market Lab Report - Premarket Pulse 8/4/15
|Published:||4 Aug 2015 12:29 ET|
Major averages fell yesterday on lower volume with the NASDAQ Composite bouncing off its 50-day moving average and the S&P 500 closing at its 50-day line. The majors closed roughly midbar after selling off during the first half of the session. Nevertheless, the market's trendless character is making a fool out of the 50-day line. The sidelines are not a bad place to be until one sees opportunity in a stock or stocks on either the long or short side. Indeed, despite the trendlessness of 2015, good opportunities in stocks have presented themselves. Thus it is key to not let one's guard down or throw in the towel as opportunities arise at sometimes the least expected moments.
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