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 October 14, 2013

Major averages were up Friday on lower volume. The markets continue to be subject to headline risk as no deal in the ongoing budget log jam has been made as of yet. Fear and thus heightened levels of volatility may shoot even higher as the debt ceiling deadline approaches. Pre-market, futures are trading down over half a percent as the budget stalemate continues.The Market Direction Model remains in cash for now.

Solarcity (SCTY) was a buyable gap up we reported to members prior to the open on Friday. The stock continued to rocket higher after its open. It is now well extended from its buy point, but should it pull back in a constructive manner in the ensuing days ahead, it may offer a second chance. Of course, in strong markets with leading stocks, another entry point does not come until the stock has made good gains and offers a second entry point often in the form of a pocket pivot. Alternatively, SCTY's move on Friday was also a breakout through the 45.60 peak of the middle of the "W" in a double-bottom base formation. The stock is just barely within range of that buy point despite trading up pre-open.

We noticed the gap up in Spirit Airlines (SAVE) at Friday's open but it had a number of defects which did not make it a true leader including the gap down on huge volume on 7/30/13 and slowing sales. 2013 has been one of the most challenging years for trend following and stock picking so we aim to focus only on those stocks we feel represent the best of the best.

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