fb
X
X
Tired?
Unfocused?
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.
YES, SEND ME THE REPORT !
Meet Dr K !
Chris Kacher
  • Nuclear physicist
  • Stock & crypto market wizard
  • Blockchain builder
  • Bestselling author
  • Top 40 charted musician
  • Biohacker
  • Former computer hacker
YES, SEND ME THE FILE !
YES, SEND ME BOTH !
Your email will always remain private.

MLR - PMP 9/16/13

The major market averages finished fractionally higher Friday on lower volume. The markets were digesting their gains after the larger moves it made over the last couple of weeks. Such action is calm and constructive given the backdrop of leading stocks that overall have also been acting reasonably well.

Premarket futures are up sharply at the time of this writing. Yesterday it was reported that Larry Summers has removed himself from consideration for the position of Federal Reserve Chairman as the Obama Administrations seeks replacements for current Chairman Ben Bernanke when his term ends at the end of this year. This puts current Fed board member Janet Yellen, known for her monetary dovishness, in the pole position for the Chairmanship. It is believed that Ms. Yellen may not scale back on quantitative easing as aggressively as Summers would have done. Futures may also be reacting to news over the weekend that the U.S. and Russia have come to an agreement over Syrian chemical weapons.

3-D printing stocks got clocked Friday with Stratasys (SSYS) gapping below its 50-day moving average on big volume. Exone (XONE) priced 2.66 mil shares at $62 and promptly broke issue earlier in the week. Three D Systems (DDD) is sitting on top of its base so it acting the best of the three. If it moves below the lows of the recent two trading days, it will have moved back into its base. Should one wish to give it more room to the 50-day, keep in mind it tends to undercut its 50-day by a few percentage points. However, the group as a whole is somewhat "late-stage" and may be better avoided.

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. ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
FOR OUR FREE MARKET LAB REPORT :
Copyright ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing.
All Rights Reserved.
privacy policy