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MLR - PMP 9/24/14

Major averages fell on lower volume partly due to airstrikes in Syria. The S&P 500 and NASDAQ Composite both sit just above their respective 50-day moving averages. European markets continue to drag with the iShares Europe ETF (IEV) trading under both its 50- and 200-day moving averages. The question will be whether US markets will get support this week or plumb to new multi-week lows. Many leading stocks have, on balance, been hit hard and sent down to areas where support might emerge, thus some may try to stage a bounce.

The Market Direction Model went to a sell signal two trading days ago, and at the time of this writing, there remains no material evidence as of yet to indicate a signal change. Investors should continue to maintain a cautious, defensive stance in the current environment.

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. ©2020 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
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