fb
X
X
Tired?
Unfocused?
Off your game?
Read our free, updated as of Mar 3, 2022, 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 !
Meet Dr K !
Chris Kacher
  • Nuclear physicist
  • Stock & crypto market wizard
  • Blockchain builder
  • Bestselling author
  • Top 40 charted musician
  • Biohacker
  • Former computer hacker
YES, SEND ME THE FILE !
YES, SEND ME BOTH !
Your email will always remain private.

Market Lab Report - Premarket Pulse for Wednesday, December 13, 2017

Financials helped lead the Dow and S&P 500 Indexes to all-time highs while the NASDAQ Composite Index again diverged to the downside. Breadth as measure by the advance/decline numbers was negative on both the NYSE and NASDAQ exchanges, despite the overwhelming strength in financials. Clearly, broader weakness lurked beneath the surface of the strong-looking action in the S&P 500 and Dow.

The pie chart below shows the sector breakdown on the upside yesterday:

Futures are up this morning, with NASDAQ futures leading as tech stocks, which sold off yesterday, rebound in pre-open action. Markets are shrugging off last night's "crucial" Alabama Senate election which was won by Democrat Doug Jones, cutting the Republican's Senate majority by one to 51-49.

The Fed will release its monthly policy announcement today at 11:00 a.m. Pacific, 2:00 P.M. Eastern. Expectations are for a 25 basis point increase in the Federal Funds Rate. Following the policy announcement, outgoing Federal Reserve Chair Janet Yellen will conduct her final press conference. Any of the above has the potential to move the markets.

Focus List Notes:
CAT moved lower yesterday but remains extended from its 10-dma. Pullbacks to the 10-dma can be watched for lower-risk entry opportunities.
FB dropped back down to its 50-dma as volume increased. It must hold the 50-dma to remain viable.

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.
FOR OUR FREE MARKET LAB REPORT :
Copyright ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing.
All Rights Reserved.
privacy policy