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Market Lab Report - Premarket Pulse for Tuesday, November 21, 2017

The major market indexes were all up yesterday, but remain within their recent price ranges. Volume was lighter on the day as the Thanksgiving Holiday approaches. Despite the quiet index action, some Focus List stocks had very strong moves yesterday, highlighting the fact that this market remains a matter of focusing on the individual stock action rather than what the indexes may or may not do heading into a holiday period. That said, futures are up sharply as global markets rallied overnight, and the market rally continues.

Focus List Notes:

ANET had another big move yesterday, continuing its upside romp since pushing through the $200 Century Mark and triggering Jesse Livermore's Century Mark Rule as a buy signal at that point.

BABA gapped up ad churned around in a narrow range. Volume was insufficient for a buyable gap-up.

CAT continues to track sideways in what is a four-week base. The 20-dema has so far acted as a reference for support on pullbacks.

FB pulled into its 20-dema on volume that was -34% below-average. This puts is in a lower-risk entry positon using the 20-dema or 50-dma as your selling guides.

NFLX is holding right at it 50-dma as volume declined to -46% below-average. This puts is in a lower-risk entry position using the 50-dma as tight selling guide.

NVDA is tracking tightly along its 10-dma as volume dried up to -35% below-average yesterday. This puts in a buyable positoin and within range of its prior buyable gap-up, using the 20-dema as a maximum selling guide.

TTWO remains within buying range of its prior buyable gap-up of eight trading days ago. One can choose to use the 10-dma or 20-dema as selling guides.

WB is further extended from its last buy point closer to the 50-dma and the 105 price level after making another all-time high yesterady on above-average volume.
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.
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