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Market Lab Report - Premarket Pulse 9/29/17

Major averages finished roughly flat after trading lower, finishing near the top end of their trading ranges.
Here's an interesting graphic showing how the S&P 500 has corrected the least since 1914, or 103 years:


Despite some who say the Federal Reserve ended QE long ago, what counts is the total aggregate QE by all the world's central banks which remains at all time highs. This explains how central banks are now the majority shareholders in some of the most liquid stocks.

Focus List Review

ANET continues to hold support at its 10-dma, but the action has been choppy. We view pullbacks to the 20-dema as the safest entries for those seeking to buy the stock.

BABA is finding resistance at its 20-dema and appears set to retest its 50-dma.

NFLX closed right at its 20-dema yesterday as volume dried up to -32% below average. So far this is pulling back towards its 50-dma in orderly fashion after testing the line earlier in the week. Failure to hold the 50-dma would be a bearish develoment.

WTW closed right at its 50-dma on volume that was -53% below average yesterday. This would put the stock in alower-risk entry position using the 50-dma as a very tight selling guide.

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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.
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