Tag Archives: market lab report

Market Lab Report – Premarket Pulse 6/4/15

Major averages rose yesterday on mixed volume. Indexes gapped up sharply at the open but stalled to closed roughly mid-range on the day on a bit of churning action. Overall, the indexes remain within choppy ranges. The sideways move in markets has helped leading stocks set up actionable buy points over the last week as members have noticed. Nevertheless, the market remains in a sideways quagmire, and futures are down more than 0.5% at the time of this writing due to rising bond yields in Europe as the ECB lifted its eurozone inflation forecast to 0.3%, from 0% expected previously. Overnight the China Shanghai Index went on a wild ride, selling off -5.4% before reversing sharply to close up 0.8% on the session. Hardware/software security company Vasco Data Security (VDSI) had a pocket pivot breakout yesterday. Earnings and sales are soaring, pretax margin 22.7%, group rank 8.

Market Lab Report – Premarket Pulse 6/3/15

Major averages finished near breakeven yesterday on mixed volume, with the S&P 500 bouncing off its 50-day moving average. Futures are up strongly this morning as the European Central Bank leaves rates unchanged at historically low levels. Thermal transfer printer company Zebra Technologies (ZBRA) had a pocket pivot off its 10dma. Earnings are accelerating, sales are skyrocketing, institutional sponsorship has grown over the last 3 quarters, group rank 24. Aircraft leasing company Aercap Holdings (AER) had a pocket pivot off its 50dma. Earnings and sales are skyrocketing, pretax margin 27%, institutional sponsorship has grown over the last 6 quarters. Cannabinoid medicinal manufacturer GW Pharmaceuticals (GWPH) had a pocket pivot. This company has no earnings and scant sales so is speculative but with big potential. Group rank 3. Chin fat reduction biotech Kythera Pharmaceuticals (KYTH) had a pocket pivot base breakout. This company has no earnings and scant sales so is speculative but with big potential. Group rank 3.

Market Lab Report – Premarket Pulse 6/2/15

Major averages gapped up yesterday at the open, and then reversed into negative territory shortly thereafter, but by the close managed to claw their way back into weakly positive territory. Closes were roughly midbar on lower volume, not a sign of institutions stepping up to support the market. Futures are currently lower by roughly -0.3% at the time of this writing as issues in Greece near deadline. International creditors have added pressure on Athens to accept a reform plan but there is no clear cut solution. Such pullbacks in the face of strong action on behalf of leading stocks can offer entry opportunities on weakness. Nevertheless, should market weakness worsen, always keep your stops tight. We have had a number of stocks that have been shaping out the right side of their bases or continuing higher: Security network infrastructure company GIMO had a pocket pivot after it gapped up on strong earnings a few weeks ago. Note how price/volume has been constructive with lower volume on tight price pullbacks. Earnings and sales are strongly accelerating, group rank 31. Mortgage originator ELLI had a pocket pivot after gapping higher on its recent earnings report. Earnings and sales are strongly accelerating, institutional sponsorship has grown over the last 3 quarters, pretax margin 25.3%, group rank 18. Vitamin and mineral supplement retailer USNA had a pocket pivot after gapping higher on its recent earnings report. Earnings are accelerating, ROE 31.2%, group rank 21. However, note the weak midbar close. Apparel manufacturer GIII had a pocket pivot off its 50dma. Earnings are accelerating, institutional sponsorship has grown over the last 7 quarters. This retailer tends to find support at its 50dma so risk here is less. Should the market trade lower at the open, picking up some shares should this company trade to its 50dma could be a low risk opportunity. Cosmetics maker HELE had a pocket pivot after a tight, sideways consolidation after it gapped up on strong earnings on its prior earnings report. Earnings and sales are accelerating, group rank 21.