Markets have been kind to us as we help members profit in real-time, under fire as opportunities present. We do this by keeping a close eye on the price/volume action of our leading stocks which we share with members in real-time. Such leading stocks offer optimal buy points, especially near the start of strong market uptrends. Indeed, a number of handsome profit opportunities have arisen this year at critical buy points.
Likewise, the number of stocks hitting our suggested sell stops can also trigger at the start of market corrections. Our Focus List sharply contracts at such critical junctures. This is a red flag. Singularly, our Focus List acts as a market barometer of sorts.
Here is one of many examples of our Focus List in action. For the week ended June 2, we had 20 leading names on our list. Profit opportunities were present as we advised members in real-time as can be seen in our report archives. But as the market wore on, the number of stocks shrunk to just 6 names as of late as markets have come under various degrees of selling pressure since then. As we discussed in our webinars and in our reports, the North Korean issue is just an excuse for the market to sell off as market internals remain unwell. On Thursday, we saw the correction continue on seemingly no particular news though concerns once again reared up that the economy is unwell and Trump may be unable to get his pro-economic agenda passed.
When such action occurs, one may find one's sell stops being hit thus pushed into the safety of cash shortly before or just as a market correction begins. We have been advising members to keep stops tight so risk is minimal. Meanwhile, trying to rely on so-called tried-and-true indicators can steer you in the wrong direction especially in this QE money printing environment that distorts and manipulates markets. We have seen how many once-reliable indicators have failed since 2009 when QE began.
Price/volume action of your stocks remains the one true indicator of getting you into stocks when market trends begin and getting you into the safety of cash when market corrections begin. This explains the many profitable opportunities that have come and gone this year and in years prior. Our various buying strategies such as the Wyckoff undercut & rally and Voodoo volume dry-up make for very low risk entry points while keeping stops tight. Pocket pivots and buyable gap-ups continue to play their role. See our report archives HERE.
Market Lab Report - This Market Barometer Shows You Corrections Before They Occur
|Published:||18 Aug 2017 15:11 ET|
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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.