Tag Archives: market lab report

Market Lab Report – Premarket Pulse 6/26/15

Major averages fell yesterday on mixed volume. Both the S&P 500 and DJIA now once again are trading under their respective 50-day moving averages. Volume is expected to surge in today’s last moments of trading, as the Russell indexes go through their annual routine of adding and removing stocks. Last year, volume was notably higher due to this rebalancing. Futures are flat to down this morning as China’s Shanghai Index plummeted -7.4% overnight while the EU has scheduled yet another meeting for Saturday to work out yet another propping up of Greece within the EU. Managed healthcare service provider CNC had a pocket pivot. Earnings and sales are robust, group rank 8. Outsourced IT and lifecycle software development company EPAM had a pocket pivot. Earnings and sales are strong, ROE 26.3%, group rank 37. Managed healthcare provider UNH had another pocket pivot. Earnings and sales are accelerating, group rank 8. Collision aversion camera-based driver assistance system for vehicles MBLY had a pocket pivot. While it had tough times in the past pricewise, it is nearing its old highs. Earnings are strong, pretax margin 41.1%, group rank 78. This Israel-based company is the leader in this area.

Market Lab Report – Premarket Pulse 6/25/15

Major averages finished lower on minutely higher volume yesterday after Greek jitters returned later in the trading day. While the number of actionable leading stocks has been healthy over the past few weeks, keep in mind markets may use the Greek excuse to have another one of its 2-3% pullbacks, or worse, so keep stops tight. Futures are currently higher at the time of this writing. Chinese internet and mobile software developer of security applications Cheetah Mobile (CMCM) had another pocket pivot earlier in the trading day but then closed near breakeven in the lower half of its trading range. Keep stops very tight on this stock if you hold any shares. Also keep in mind it is relatively volatile.

Market Lab Report – Premarket Pulse 6/24/15

Major averages baby-stepped higher yesterday on mixed volume. The S&P 500 and DJIA are inches away from all time-highs, but the number of distribution days is uncomfortably high while lower volumes on up days adds to the discomfort. Nevertheless, stocks continue to provide actionable buy points thus continue to offer profitable opportunities. Medical research company Illumina (ILMN) had a pocket pivot. Earnings are skyrocketing, pretax margin 28.6%, ROE 27.2%, group rank 25. Financial service provider to auto dealers Credit Acceptance Corp. (CACC) had a pocket pivot. Earnings and sales are accelerating, pretax margin 57.1%, ROE 37.4%, group rank 19.