Tag Archives: market lab report

Market Lab Report – Premarket Pulse 8/17/15

Major averages rose Friday on lower late summer volume. All of the major moving averages remain below their 50-day moving averages and have wedged higher over the past two days after Wednesday’s upside reversal. The S&P 500 has rallied right up into its 50-day moving average, which could set up the context for a pullback from here. The global economy continues to sag, commodities continue to plumb new depths, and central banks continue to print. Despite the market’s trendlessness, certain stocks we have emailed members in real-time have offered some opportunities. Nevertheless, this is a market where baby steps can result in nice profits over a period of time, therefore take profits where you have them in context with the chart, and keep stops tight so you preserve precious gains.

Market Lab Report – Premarket Pulse 8/14/15

Major averages fell yesterday on lower volume as they reversed off of their intraday highs to close down late in the day. The S&P 500 and NASDAQ Composite met with resistance at their respective 50-day moving averages. That said, the 50-day line has been disrespected a number of times in this sideways market. While the choppiness continues, the sidelines are not a bad place to be until the dust settles. Keep your eye on your watch list of stocks, either long or short, since profit opportunities can come at the least expected moments. Healthcare service provider Molina Healthcare (MOH) had a pocket pivot. It gapped up on a strong earnings report 2 weeks ago. Earnings and sales are strongly accelerating, group rank 31.

Market Lab Report – Premarket Pulse 8/13/15

Major averages staged a major comeback on higher volume yesterday to close near breakeven to slightly higher after trading significantly lower for much of the day. In this sideways market environment, such turnarounds often are indicative of a floor being reached as the market wends its way back toward old highs, only to then meet resistance and turn back down once again. But as we know in this trendless environment, a number of stocks have scored big profits this year. That said, a few new pocket pivots hit our screens: Telecommunications infrastructure provider Dycom (DY) had a pocket pivot off its 50dma. Earnings are strongly accelerating, group rank 49. DY gapped higher after its prior earnings report. Drug maker Regeneron Pharmaceuticals (REGN) had an upside reversal pocket pivot through its 10dma. We had reported on REGN a few times including its July 10 pocket pivot and August 4 buyable gap up after reporting strong earnings. It had since undercut the low of its gap up by 3.9% due to a correcting market. REGN sales are strongly accelerating, pretax margin 41.7%, ROE 52.3%, group rank 6. Custom software designer Luxoft Holdings (LXFT) had a pocket pivot off its 50dma. Earnings and sales are accelerating, ROE 41%, group rank 52.