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MLR - Premarket Pulse Dec 23, 2013

Major averages rose on quadruple witching volume, closing at new highs. Q3 GDP growth was revised upward from 3.6% to 4.1% due much to strength in consumer spending. The uptrend continues as the Fed plans to keep rates low for an extended period. Unemployment would have to fall below 6.5% for the Fed to be reasonably assured that the economy has turned the corner thus comfortable enough to let rates rise. This means the Fed will continue to keep rates low whether it be by bond buying or some other method.

WDAY had a pocket pivot. It has a tendency to violate its 50dma, but it did have a recent gap up which could change its character, and its sales are soaring. That said, it wont be earning anything for the next couple of years.

ACAD had a pocket pivot. Keep in mind it's had a huge run, which can work in its favor if it decides to continue this steep ascent. It can also work against as everyone sees it now. The base that has formed up to this pocket pivot is reasonable but far from perfect which adds risk to this pocket pivot being profitable. ACAD is also a biotech with no sales or earnings but a compelling story, thus it's steep ascent in price.

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