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.

MLR - PMP 1/16/14

The major market averages rose on higher volume, closing at new highs on the S&P 500, NASDAQ Composite, and Russell 2000. The large number of pocket pivots together with continued QE bodes would appear to bode well for a continuation of the uptrend that began January 2, 2013. As always, we remain viligant for abnormal changes in selling pressure but with a higher threshold given the nature of QE and with the basic premise of not fighting the Fed.

Chinese mobile security company Netqin Mobile (NQ) had a buyable gap up after announcing a deal with Sprint to deliver NQ's technology on all new Spring Android-powered smartphones in the U.S. market later this year. The deal adds legitimacy to the company which counters the accusations of fraud which sent the company plummeting on October 24, 2013. Earnings and sales are hugely accelerating, group rank 14, pretax margin 37.5%. Keep in mind this is a small cap Chinese company so risks are elevated.

Twitter (TWTR) is making an attempt at a shakeout-plus-three type of move, closing exactly three points above its prior 58.57 low in the pattern from December 30th. The stock is trading down slightly this morning and investors might look for a stronger move above the 10-day moving average as confirmation of the shakeout buy point.

Solar stocks continue their run this morning and are gapping up strongly on a Bloomberg report that Shunfeng Photovoltaic International plans to invest the equivalent of $4.1 billion to develop its own solar projects in 2014.

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