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 4/12/13

Premarket futures are down as European stock markets extended losses due to confusion on whether Cyprus was asking for more money for its bailout program, which Cyprus later denied. The PPI was also down -0.6% which may imply deflationary pressures and could also be why gold and silver have been dropping.

On Thursday, general market averages were flat to slightly higher on mixed volume. The NASDAQ Composite has been lagging so far in 2013. The higher risk small-cap Russell 2000 has recently been lagging as investors take a more "risk off" stance given the market uncertainties.

This could be why slower names, such as McDonald's (MCD) have been outperforming in this environment as they often have shallower pullbacks such as MCD. Priceline.com (PCLN) is another such name. It broke out of a one-year base on Thursday. The last time PCLN broke out of a long base was in early 2012, after which it had a good move.

Equinix (EQIX) cleared its 50-dma and had it second pocket in two days yesterday. Earnings growth has accelerated to triple digit percentages, with the last two quarters up 190% and 177%.

Both PCLN and EQIX had prior gap ups, a bullish sign for the stocks. Overall a smattering of pocket pivots and breakouts have been occurring, but this still remains a difficult environment where normal growth stocks are not leading while the emphasis appears to be on what we might consider to be "QE stocks."

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