Major averages rose yesterday on increased volume. The small cap risk-on Russell 2000 closed at new highs, suggesting the market is willing to take on more risk. This bodes well for the NASDAQ Composite and S&P 500 following suit. Futures are down this morning after Standard & Poor's downgraded Greece based on increasing risk of a default by the country.
Automobile anti-crash device manufacturer Mobileye (MBLY) had a pocket pivot on a gap-up move. Pretax margin 41.1%.
Computer security company Vasco Data Security (VDSI) had a pocket pivot. Earnings are skyrocketing and sales are accelerating, group rank 9. VDSI bounced off its 200dma and is rounding out its base.
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