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.

Pocket Pivot Review - First out of the starting gate

Network solutions company EQIX is having a pocket pivot off its 50dma. It resisted the last two 10%+ corrections in the NASDAQ Composite and is one of the first stocks to take an early lead toward new highs. Of course, we are still in a market where buying on weakness is a better strategy. 

FB, one of the "FANG" stocks, will have a pocket pivot if it can trade at least 45,172,900 shares. It is bouncing hard off its 200dma. Because of this straight up from the bottom pattern, it may very well pull back again allowed for a better entry point. Earnings and sales are accelerating, pretax margin 57.1%, institutional sponsorship has increased in every quarter since the company went public, group rank 14. 

The market is still volatile as it comes in just now, so the wait-and-see approach instead of buying anything right now may be a better strategy. The market bounce may lack the upward thrust of prior bounces which would be a signal to lay out some short positions. 

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