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 12/30/14

Major averages were roughly breakeven yesterday on low holiday volume. Most leading stocks pulled back after gains made since the market lows of two Tuesdays ago. Oppenheimer downgraded the cyber-security group, leading most of these stocks to reverse with Palo Alto Networks (PANW) taking the brunt of the selling. It is possible that as these stocks pull into areas of potential support they approach lower-risk entry points which investors should be alert to.

Given that New Year's Day falls on Thursday of this week, light holiday trading should persist until Monday Jan 5, barring any major news shock.

That said, oil continues to aggressively trend lower as it broke to new lows on Monday. The fast fall in oil can have deleterious effects on other areas of the markets and also in other countries. The United Arab Emirates said that the oil cartel would accept a price slump right down to $40 per barrel, or roughly another 25% fall from current levels.

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. ©2021 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
Copyright ©2021 MoKa Investors, LLC DBA Virtue of Selfish Investing.
All Rights Reserved.
privacy policy