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VoSI Focus List and Market Review for the Week Ended February 1, 2019

Current Focus List
There are currently no names on the Focus List.
The VoSI Focus List is a compilation and reference list of stocks for which Pocket Pivot or Buyable Gap-Up Reports have been issued and which have been deemed suitable for inclusion on the Focus List. Not all stocks for which a Pocket Pivot or Buyable Gap-Up report has been issued will necessarily be added to the list. It is not intended as a "buy list" or a list of immediately actionable recommendations. Stocks on the list may or may not be in proper buy positions, and investors should exercise discretion and proper judgement in determining when and where stocks on the Focus List can be purchased. The following notes are intended to assist in this process. Please note that members can enlarge the Focus List image by clicking on the body of the email and then holding the Control Key while pressing the "+" key until it is large enough to read.

General Observations: 
The market uptrend off the late December lows remains intact. The Dow Jones Industrials Index cleared its 200-dma when the Fed confirmed its turn to a more dovish stance. Meanwhile, the NASDAQ Composite and S&P 500 Indexes remain well below their own 200-dmas. Given the sharp v-shaped move off the late December lows, we would look for some consolidation to occur up at these levels. Note that buying volume in the Dow over the past two weeks has been relatively light relative to the buying volume in the first half of January. This could indicate potentially slackening demand for stocks at this point, so consider carefully your trailing stops for existing positions.


The Market Direction Model (MDM) remains on a sell signal, which was issued last week around the current market highs.

This week we saw breakouts in three names that we've reported on during the month of January: Atlassian (TEAM), Five9 (FIVN), and Medpace (MEDP). Technically, these are all within buying range of the breakouts, but be alert to the fact that FIVN and MEDP will be reporting earnings later in February, so one would want to develop some profit cushion in these names if buying ahead of and holding into their respective earnings reports.

This past week we reported on Advanced Micro Devices (AMD), which posted a buyable gap-up (BGU) on Wednesday after earnings. The stock is near-term extended, but any retracement closer to the 22.50 price level would bring it into better buying range.


We also reported on Boeing (BA) on Wednesday after it gapped up following earnings. The move took it right up towards the prior October highs, where it is running into logical resistance. The intraday low of Wednesday's BGU price range is 380.50, so buying as close to that level as possible is the lower-risk approach here, although the stock is within buying range of the BGU, using 380.50 as your selling guide.


Dexcom (DXCM) was one of the first stocks we reported as the market turned back to the upside in early January. At that time, it posted a buyable gap-up through its 50-dma and has since rallied back up to new high. Over the past two weeks the stock has pulled back in logical fashion as it consolidates the prior sharp gains off the January lows and the early January BGU.


Edwards LIfesciences (EW) reported earnings this past week and shook out down to is 20-dema in response, but found volume support at the line to close in the upper part of its price range on Friday. This is the type of opportunistic entry one can look for following earnings.


Yeti (YETI) is expected to report earnings on February 14th. Meanwhile, the stock is working on a cup-with-handle formation as it pulls into key support at its 50-dma. We originally reported on the stock as a buyable gap-up three weeks ago but it failed to hold the 17.35 intraday low of the BGU day price range. Therefore, the BGU is no longer in force, but the stock is forming a cup-with-handle formation and has now filled the prior gap-up rising window as it tests last-stand support at the 50-dma.


Below is the current list of stocks we have reported on recently. They are sorted according to their expected earnings reports. Check the company websites or each to confirm the expected earnings date, and be alert to any opportunities that might arise after earnings are reported, such as was the case with EW when it shook out to the 20-dema and found strong support at the line on Friday.

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. ©2019 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
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