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.
Meet Dr K !
Chris Kacher
  • Nuclear physicist
  • Stock & crypto market wizard
  • Blockchain builder
  • Bestselling author
  • Top 40 charted musician
  • Biohacker
  • Former computer hacker
Your email will always remain private.

Market Lab Report - Review of Pocket Pivot Reports (EDU added) for the Week of July 11-15, 2016

Trading Journal notes from Dr. K and Gil regarding pocket pivot reports sent out this past week:

Fabrinet (FN)

GM - FN was originally reported as a pocket pivot back on March 1st, and it has steadily moved higher since then. This past Monday's pocket pivot is a nice show of strength, but my preference would have been to have the stock on my watch list and then look to buy it on the low-volume pullback into the 50-day moving average seven and eight days ago on the chart. Here it is extended and I would prefer to remain opportunistic, seeking to buy any pullback into or towards the 10-day or 20-day moving averages, which are the nearest moving averages below the stock's current closing price.

Dr. K - The more days FN holds tightly constructive in price/volume, the greater the odds of a successful move higher. Buying on constructive weakness back to its 10-day line would be an optimal place. FN has had two gaps higher on its last two earnings reports, and has managed to overall buck any market correction as it has managed to move to new highs a number of times. 


Ulta Salon Cosmetics & Fragrance (ULTA)

GM - ULTA has been on our pocket pivot and buyable gap-up watch lists for some time now as it has been in a steady uptrend for most of 2016. Here the stock is flashing a pocket pivot from a point just above the 10-day line on a gap-up open on Thursday. My preference would be to try and buy any pullback to the 10-day line.

Dr. K - ULTA has gapped higher on each strong earnings report three times in a row. It has managed to move constructively sideways to slightly higher after gapping higher on its last two earnings reports. This all points to a healthy chart, but buying on constructive weakness back to its 10-day line is still prudent. 


Below is our current Focus List derived from pocket pivot and buyable gap-up reports sent out since March 2016. In some cases these names are in recovery mode as they come up the right sides of potential new bases, such as AMWD and MLNX, for example. Others are pulling back slightly after posting base breakouts, such as AYI, BSX, DY, EXP, FIVE, ISRG, etc. We would also keep a close eye on those currently setting up within bases such as EDU or UBNT, for example.

EDU is actually in a low risk position to be bought as it had a pocket pivot on Friday off its 50-day line while still showing strong fundamentals. The sell stop could be placed just below its Friday intraday low. 

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.
Copyright ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing.
All Rights Reserved.
privacy policy