Off your game?

Read our free Dr K report on how to optimize your mind and body so you can boost your focus when trading the markets.
Your email will always remain private.

Volume Waning on Possible Pocket Pivots CRM, VMW, CTXS, FFIV, VRX, PCLN, but NFLX coming on

As we approach the last hour of the day, the pocket pivot situations in CRM, VMW, FFIV, CTXS, PCLN, and VRX are starting to see waning volume and it is not clear that we will see pocket pivot volume signatures. In the case of CRM, we have a breakout from a short flag pattern on the daily chart off the 10-day moving average on volume that is running close to twice average. NFLX, however, has emerged later in the day as a possible pocket pivot, but needs to trade over 8,532,200 shares today in order to qualify as a pocket pivot buy point as well as, Dr. K. astutely points out, a "mini-gap-up" that is quite buyable.

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. ©2021 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
Copyright ©2021 MoKa Investors, LLC DBA Virtue of Selfish Investing.
All Rights Reserved.
privacy policy