Off your game?

Read our free Dr K report on how to optimize your mind and body so you can boost your focus when trading the markets.
Your email will always remain private.

MLR - PMP 1/30/15

Major averages rose yesterday on near breakeven volume after being in the red early in the trading day. This action is particularly frustrating after a high volume reversal day just the prior day where leading stocks continued to falter. Nevertheless, one must always remain sufficiently nimble in such rip-tide, indecisive environments. While the market's volatility remains elevated, it may be best to move to the sidelines once again in terms of timing the market as dead cat bounces or otherwise can move higher and faster than expected in this choppy environment. At the time of this writing, futures are trading lower by about -0.5% on the NASDAQ and almost -1.0% on the S&P 500.

The U.S. economy grew by a 2.6% annual pace in the fourth quarter, slowing from a 5.0% pace in the third quarter,and below expectations of 3.2%. Consumer spending rose 4.3% which is the biggest gain since the first quarter of 2006. The PCE index, the Fed's preferred inflation gauge, fell at a 0.5% annual rate in the October-to-December period which is the biggest drop since the first quarter of 2009, which gives the Fed more room to keep interest rates low.

Pocket pivots:

Pharmaceutical Alexion Pharmaceuticals (ALXN ) had a pocket pivot on a big outside reversal to the upside after a strong earnings report. ALXN is just closing above its 50-day moving average. Robust earnings, group rank 1.

Semiconductor system-on-a-chip Cavium (CAVM) had a pocket pivot on a big outside reversal to the upside - ROE 28%, institutional sponsorship grew last 4 quarters, group rank 13.

Airline JetBlue Airways (JBLU) had a pocket pivot on a big outside reversal to the upside. JBLU is benefiting from low oil prices, accelerating earnings, group rank 2.

Network security infrastructure company Palo Alto Networks (PANW). The stock has obeyed its 50-day moving average for many months, has strongly accelerating earnings and sales, institutional sponsorship grew last 6 quarters, group rank 7.

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. ©2019 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
Copyright ©2019 MoKa Investors, LLC DBA Virtue of Selfish Investing.
All Rights Reserved.
privacy policy