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MLR - PMP 1/8/14

The major market averages were up on higher volume. The minutes from the December 18th Fed meeting are due to be released today at 2pm ET. The Fed has said if the economy gets better this year, it will increase tapering, but not so much as to derail the recovery. On the other hand, should the economy sour once again, the Fed will increase its monthly bond purchases. So the stock market appears to be in a "Goldilocks" situation with a safety net either way.

Our screens caught many quality pocket pivots on which we reported in yesterday's trade during market hours including:

GOGO(GOGO) as it came up through its 50-day moving average after violating the line two days prior. GOGO's competitor Global Eagle Entertainment (ENT) had a pocket pivot the day before GOGO and which we reported on Monday. We have reported on GOGO in prior reports. Both companies provide airlines with internet access for passengers. Both companies are small caps but have big room to grow.

Vipshops (VIPS). This comes after our previous mention of VIPS when it had a pocket pivot on 1/2/14.

Splunk (SPLK) had a buyable gap up yesterday using the 73 intra-day low as your selling guide. This comes after our pocket pivot report on SPLK on 1/2/14.

Internet search provider Yandex (YNDX) had a pocket pivot off its 10-day moving average. Institutional sponsorship has grown over the last 6 quarters, group rank 4, pretax margin 38.9%.

Our after market screens picked up the following quality pocket pivots:

Finisar (FNSR) - earnings and sales are turning around nicely.

Jazz Pharmaceuticals (JAZZ) - Institutional sponsorship has increased over the last 18 quarters since the company went public. JAZZ has had its share of spin outs due to the way markets are made in this stock, but has redeemed itself over the last many months. Group rank 11, pretax margin 52.3%, ROE 44.2%.

New Oriental Education & Technology Group (EDU), a Chinese provider of language training and test preparation courses to 2.5 million students. EDU tends to obey its 50-day moving average. Group rank 29.

Synaptics (SYNA) had a gap down when it last reported earnings, but has since managed to form a constructive pattern. Yesterday's pocket pivot was off its 50-day moving average. Earnings and sales have accelerated strongly, group rank 22.

Healthcare content provider Webmed Health Corp. (WBMD) had a pocket pivot on a base breakout. WBMD is a turnaround play, group rank 4.

Website publisher Web.com Group (WWWW) had a continuation pocket pivot off of its 10-day moving average. ROE 36.8%, institutional sponsorship has increased over the last 6 quarters.

Pre-open we note gap-up moves in Micron Technology (MU) following a strong earnings announcement, and Qihoo 360 Technology (QIHU)

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.
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