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:
Major market indexes continue to hang along their highs. Earnings season is moving into full swing after Netflix (NFLX) and Intel (INTC) reported this past week. Next week we will see the pace of earnings reports pick up significantly, with a number of big-stock techs slated to report. Currently we do not see a lot of opportunistic entry points as the market takes on a somewhat stale character as leaders either get extended or simply continue to flop around in their chart patterns ahead of expected earnings reports.
The Market Direction Model (MDM) remains on a BUY signal.
Focus List Stocks Expected to Report Earnings this Week: Apple (AAPL) and Tesla (TSLA) on Wednesday after the close, and Microstrategy (MSTR) Thursday after the close. The list at the top of this Focus List Review report is sorted by earliest earnings due date first.
Notable Action:
With three names on the Focus List, including Microstrategy (MSTR), which has been a huge winner for us, we don't see a lot to do as we progress into the heart of earnings season. Nutrien (NTR), the only other stock on the list, is expected to report on February 17th. It has been holding along its 10-day moving average after getting quite extended from the $48 level where we first issued our Pocket Pivot Report on the stock. We see the 20-day exponential as the best reference for buyable pullbacks from here.
Bitcoin has finally corrected and, as is its tendency, the pullback has been quite volatile on the downside. The Grayscale Bitcoin Trust (GBTC) reflects this as it breaks towards its 50-day moving average in what has been a very sharp 36.8% pullback after a climactic move two weeks ago. Recall that at that time there were many new "believers" among the media pundits and many calls for immediately moves to $100,000 and beyond. Clearly, this represented a near-term climactic froth not unlike what we saw in gold and silver back in early August. It will now likely need some time to set up again, though potentially less time than expected as the number of tailwinds continue to blow at gale force, and we will be watching closely as we monitor Bitcoin for fresh potential long entries.
Meanwhile, gold and silver are attempting to hold deep support in what have been longer-term bull flag consolidations following the near-term climactic moves in early August. Gold is currently holding support at its 200-day moving average while silver is relatively strong as it finds support along its higher 50-day moving average. This puts both in buyable positions using the respective moving averages as selling guides.
