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MLR - PMP 3/12/14

The major market averages fell yesterday on higher volume as leading stocks continue to come under pressure. While a number of leading stocks have made strong gains so far this year, it was clear last week that the market was losing some of its momentum and it is now a matter of just how much room one wants to give a leading stock position as it retraces some or all of its prior gains should general market weakness persists.

Keep in mind, however, that leading stocks usually get hit appreciably harder than the general indices on market pullbacks. While stocks that have made strong moves are probably trading well above their 50-day and even their 10-day moving averages, the sell stops a trader sets should be in alignment with their risk tolerance levels. Some may prefer to capture gains in quick fashion while others may prefer to use a slower method designed to capture the meat of a stock's move over a longer period such as the 7-week rule (see FAQ). Of course, such a method may carry higher drawdowns at points as a winning stock retraces back to its 50-day moving average before moving higher once again.

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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