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VoSI Focus List Review for the Week Ended June 4, 2021

Current 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 NASDAQ Composite Index shook out at its 50-day moving average on Thursday and Friday, although Friday's recovery came on much lighter volume. The index remains in a wide, choppy range extending back to February with no real trend.

The S&P 500 fell short of all-time highs on Friday as volume declined vs. the prior day. Again, we find ourselves in the paradoxical position of having nothing hitting our stock radar that warrants inclusion on the Focus List. Individual stocks are mostly chopping around in their chart patterns, with rare exceptions, and in our view this remains a market mostly for swing-traders and not trend-following investors.

The Market Direction Model (MDM) remains on a CASH signal.

The action in precious metals over the past two months. has closely and inversely correlated to the two-month downtrend in the U.S. Dollar ($USD). Thursday's upside move in the dollar led to gaps to the downside in both gold and silver, but on Friday the dollar dropped right back to where it began the week near the 10-day moving average.

The Sprott Physical Gold Trust (PHYS) gapped down on Thursday but held above its 20-day exponential moving average. Its chart juxtaposed against the U.S. Dollar, above, illustrates the inverse correlation between precious metals and the dollar over the past two months.

The Sprott Physical Silver Trust (PSLV) also gapped down on Thursday but ended up posting an undercut & rally move at the prior 9.77 low. It ended the week 20 cents higher, right at 9.97 and the 10-day moving average.

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.
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