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 3/17/15

Major averages rose yesterday on lower volume. The S&P 500 and Dow both retook their respective 50dma's after falling back under on Friday. The NASDAQ Composite closed just under its 50dma. That said, Monday's rally, once again on lower volume, shows a lack of institutional interest while the large number of distribution days shows mounting selling pressure.

Meanwhile, oil traded at new multi-year lows on storage concerns that a lack of storage would further flood the oil market, adding to the supply glut.

The Federal Reserve concludes its two-day FOMC meeting on Wednesday. Investors are waiting to see if the central bank removes the word “patient”, as this would be an important clue as to when the Fed will begin pushing up interest rates.

Pocket pivots:

Cell-based cancer immunotherapy company Juno Therapeutics (JUNO) - This is a development stage biotech that recently came public. Earnings are released after the close this Wednesday. Both risk and reward are sizeable for this stock, though reward outweighs risk given the company's fundamentals going forward. JUNO hopes to revolutionize medicine by using the body's immune system to treat cancer by using human cells. The company believes this will drive one of the next big pushes in medicine.

Semiconductor Qorvo (QRVO) - Earnings are soaring, accelerating sales, group rank 3.

Cruise line operator Norwegian Cruise Lines (NCLH) - Strong earnings and sales, group rank 40.

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