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 7/11/13

Major averages were up on lower volume. The Fed's minutes were released yesterday, resulting in mixed action for the market. Futures, however, jacked higher after-hours when Fed Chief Ben Bernanke, during the Q&A portion of a speech, said that the Federal Reserve will not be in a hurry to raise short-term interest rates, even after the unemployment rate falls to the central bank’s threshold of 6.5%. “There will not be an automatic increase in interest rate when unemployment hits 6.5%,” Bernanke said during the Q&A session. Given the weakness of the labor market and the global economy in general as well as low inflation “it may be well sometime after we hit 6.5% before rates reach any significant level,” Bernanke added.

About half of the Fed's 19 senior officials said they would support ending the central bank’s monthly purchase of $85 billion in bonds by year-end. The meeting minutes showed that “many” other members said asset purchases would likely be needed into 2014, probably due to the questionable recovery in worldwide economies. No unified view on when to slow quantitative easing was observed among officials which seemed to pacify investors.

Shortly after the open yesterday, the Market Direction Model went to a buy and the UVXY VIX volatility model went to a sell. Aftermarket trading saw the NASDAQ Composite and S&P 500 futures both up nearly 1%, and the futures remain at these levels at the time of this writing.

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