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 - Premarket Pulse 7/29/13

Major averages recovered after being down most of the day Friday to close up. A number of stocks we have mentioned in our actionable reports have continued higher. This is always a good sign as it shows some high quality stocks are advancing after their buy signals. Of course, for those that lag or fall, it is best to keep stops tight so you can redeploy the capital into a different high quality stock that may work well. Buying stocks such as TSLA and VIPS at the price at which we reported them as buyable gap-ups or pocket pivots can make a nice difference in any portfolio.

Amazon.com (AMZN), which had sold off after announcing earnings Thursday after the close, recovered after finding support at its 20-day moving average. The stock closed above its 10-day moving average for a continuation/supporting type of pocket pivot.

As earnings season continues, investors should be alert to potential buyable gap-up situations emerging following a positive earnings announcement, as this is often the best way to get on board a leading stock without having to endure the risk and uncertainty of holding through earnings if one does not have a profit cushion in a particular stock.

The Market Direction Model remains on a buy signal as the market works through a roughly two-week consolidation after moving up sharply off of its lows of June 24th. Some backing-and-filling might be expected as earnings season continues.

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.
Copyright ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing.
All Rights Reserved.
privacy policy