X
X
Tired?
Unfocused?
Off your game?

Read our free Dr K report on how to optimize your mind and body so you can boost your focus when trading the markets.
YES, SEND ME THE REPORT !
NO, I'M NOT INTERESTED
Your email will always remain private.

MLR - PMP 7/12/13

Major averages were up on higher volume, continuing their advance, as the NASDAQ Composite gapped up to a higher high and its highest levels since the market lows of 2009.

In economic news, first-time jobless claims were worse than expected, but chain store sales were better than estimates. A stronger economy would point to the Fed slowing quantitative easing sooner than later.

Celgene (CELG) had a buyable gap up yesterday after announcing positive results for its myeloma drug, Revlimid.. Biotechs have continued to lead despite recent setbacks, and in many cases are beginning to recover strongly. Biogen Idec (BIIB), after undercutting its 50-day moving average, had a pocket pivot yesterday's trade. Earnings and sales have accelerated in the last quarter. It's Industry group rank is #9 out of 202 groups.

LinkedIn (LNKD) just barely had a pocket pivot in today's trade. Earnings and sales continue to rocket forward. Institutional sponsorship has grown over the last 6 quarters, and its group rank is #14.

Video-chip maker Ambarella (AMBA) had a pocket pivot yesterday within its current base. Earnings and sales continue to grow at strong rates. Institutional sponsorship has grown since the company went public. AMBA is a small cap stock, so is subject to greater volatility. Position size accordingly.

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. ©2018 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
FOR OUR FREE MARKET LAB REPORT :
Copyright ©2018 MoKa Investors, LLC DBA Virtue of Selfish Investing.
All Rights Reserved.
privacy policy