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 6/13/14

Major averages fell on higher volume as tensions rose in Iraq, sending oil prices to new 9-month highs. The market, being a touch extended on the upside, may be using the situation in Iraq as an excuse for a pullback. If one recalls, the Libyan and Syrian situations went on for a number of days, then the market recovered. The Ukrainian crisis triggered a market top in late Feb/early Mar and the correction went a bit deeper. The question will be how the market handles itself from here as to whether we are in for another haircut of a correction or something worse, perhaps on the order of several percent.

Solar leader Sunpower (SPWR) had a pocket pivot yesterday as it attempts to emerge from a multi-month base. The midbar close is not ideal but given the weight of the market on Thursday with averages down across the board, SPWR is still actionable. Note, the higher volume on 6/5/14 does not apply since the near break even close has a long lower tail so is a constructive day of accumulation rather than distribution. Earnings are stellar, institutional sponsorship has grown over the last 5 quarters, and while group rank is 111, it rocketed from 176 in its prior week.

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