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 9/8/16

Major averages finished roughly flat to slightly up near the top of their respective trading ranges yesterday on mixed volume. The NASDAQ Composite logged another all-time high on higher volume. Big NASDAQ names like GOOGL and AAPL posted pocket pivots in a general show of constructive action among these "barometer" stocks while FB followed through on yesterday's breakout.

The European Central Bank, as expected, left official interest rates unchanged on Thursday. The bank's main lending rate, known as the refi rate, remains at 0%, while the rate paid on deposits left overnight at the ECB remains at -0.4%. The ECB repeated, in its statement, that it expects rates to remain at present or lower levels for an "extended period." The bank also repeated that its program of monthly asset purchases of 80 billion euros will continue until at least the end of March 2017.

Futures moved lower on the news as markets were hoping the ECB would definitively extend its monthly asset purchases out beyond March 2017.

Japan, meanwhile, said it would not rule out taking interest rates deeper into negative territory in hopes of achieving the 2.0% inflation target.

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