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.
Meet Dr K !
Chris Kacher
  • Nuclear physicist
  • Stock & crypto market wizard
  • Blockchain builder
  • Bestselling author
  • Top 40 charted musician
  • Biohacker
  • Former computer hacker
Your email will always remain private.

MLR - PMP 12/4/13

The major market averages were down on higher volume though managed to close in the top half of their trading range. While the number of distribution days has piled up, quantitative easing remains a force to be reckoned with as the major averages have overall been trending higher all year with corrections generally contained to within 5%, even though leading stocks have suffered far worse on these minor corrections.

The president of the San Francisco Federal Reserve Bank, John Williams, said the Fed should only taper when it is “completely confident” the economy is on the right track. “My view would be that we would not be raising the funds rate even if the unemployment rate was below 6.5%, as long as inflation continued to be low, for some time,” Williams said.

This suggests as we have pointed out in prior reports that tapering is a lot further off than expected which in the meantime supports the continued uptrend which has been relentless this year, despite leading stocks being, on balance, difficult at best to buy and pyramid. Trend following systems have also hit brick walls this year as the trend has been manipulated higher by QE, thus while giving the illusion of a steady playable uptrend, is actually one of the most challenging market years we have seen for trend following in decades. The negative performance of the trend following wizards are one of several testaments to this. http://www.automated-trading-system.com/trend-following-wizards-october-13/

Nuskin (NUS )had a continuation pocket pivot yesterday. Earnings and sales have accelerated strongly, group rank 47, ROE 38.1%. NUS has obeyed its 50dma for several months. We have reported on NUS in prior reports including prior pocket pivot and buyable gap up buy points.

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.
Copyright ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing.
All Rights Reserved.
privacy policy