Tag Archives: market lab report

Market Lab Report – Premarket Pulse 6/9/15

Major averages fell on lower volume as the NASDAQ Composite bounced off its 50dma while both the S&P 500 and DJIA trade firmly below their respective 50dmas. Not much to say except take profits when you have them in context with the stock chart and the market as it remains more of a swing-trader’s environment as it has for most of 2015. While the S&P 500 looks like it wants to go lower, it could just as easily find its footing, but for now the indexes are expressing some weakness here. With the NASDAQ set to test its 50-day moving average at the open, it remains to be seen whether it can hold and provide the index with a line of logical support.

Market Lab Report – Premarket Pulse 6/8/15

Major averages finished mixed and near breakeven Friday on higher volume though the risk-on Russell 2000 finished almost a percent higher but on lower volume. While sideways markets have been prevalent over the last number of months, a number of leading stocks continue to provide profitable buy points to our members such as: +46.8% gain in SKX, members notified 4/22 at 74.8, current price: 109.78 +11.0% gain in VRX, members notified 4/29 at 212.03, current price 235.41 +36.6 gain in AMBA, members notified 5/14 at 75.63, current price 103.33 +12.1% gain in REGN, members notified 5/8 at 481.29, current price 539.4 +16.4% gain in SUPN, members notified 5/21 at 13.26, current price 15.43 The key over the last couple of years has been to take profits when you have them in context with the overall chart and general market. By âbaby-steppingâ his account in this manner, the co-founder of Virtue of Selfish Investing, Gil Morales, was able to achieved a triple digit percentage return in 2014. And some of our members have told us of their trading account victories despite the challenging QE-driven market. Bravo.

Market Lab Report – Premarket Pulse 6/5/15

Major averages fell on higher volume yesterday with both the S&P 500 and DJIA closing below their respective 50dmas. Corrections so far this year have been contained to within 5% as markets attempt to tighten their price structures. Nevertheless, the sideways markets test one’s patience in terms of market timing though a number of profitable opportunities in individual stocks have presented on both the long and short sides of the market as we have discussed in our webinars and in our emailed reports. The unemployment report showed 280,000 new jobs in May – the biggest gain since the end of 2014. Economists had expected a gain of 210,000 nonfarm jobs. The unemployment rate edged up to 5.5% from 5.4%, but mainly because more people entered the labor force in search of work. The average wage of American workers rose 0.3% in May to $24.96 a hour, which is the highest level since mid-2013. Overall, wages in the past 12 months have risen 2.3% for the first time since August 2013 and only the third time since 2010. Going forward, most economists expect hourly wages to rise to 2.5% annual rate or higher as the dwindling pool of workers forces companies to pay more which would be another sign of strength for the recovering US economy. Futures reacted negatively to the relatively strong report, trading down almost 0.5% at the time of this writing, as expectations rise of a rate hike sooner than later, meaning the beginning of the end for quantitative easing. Semiconductor Cavium (CAVM) had a pocket pivot breakout yesterday. Institutional sponsorship has grown last 5 quarters, ROE 28%, group rank 9. Note, its pocket pivot on 5/27 was too soon after its gap down on 4/23. Yesterday’s action is redeeming.