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 3/30/15

Major averages rose on lower volume. The bounce so far has been anemic showing institutions remain reluctant to invest more fully in the current environment. The S&P 500 and DJIA both remain under their respective 50-day moving averages. The NASDAQ Composite bounced at a logical support point but the higher number of distribution days compared to accumulation days is a red flag.

Adding to the market's troubles, fourth-quarter GDP came in weaker than expected at 2.2%. The report also showed that quarterly corporate profits over the same period fell for the first time since 2008. Markets reacted negatively then stabilized.

The zig-zag go-nowhere action of the major averages over the last 4 months is troubling as the markets are expressing a form of exhaustion. Should markets start to undergo a real correction, and not one of the 5% variety, this could force the Fed's hand into launching QE4. We remain patient and vigilant as opportunities in individual stock rather than ETFs continue to present themselves.

This morning futures are up sharply after dovish comments from Fed Chief Janet Yellen on Friday afternoon and People's Bank of China Governor Zhou Xiaochuan Sunday. After last week's bounce off the 50-day line by the NASDAQ, the market was set up in a logical position for a rally attempt, and with the last two days of the first quarter upon us a continued bounce is not surprising.

Like what you read?
Let us help you make sense of these markets by signing up for our free Market Lab Reports:
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