My trades yesterday consisted of $ASTX sold the remaining half of my swing @ 5.60 and I took day trades in both $MVIS and $NIHD I made a small profit in $NIHD and a very nice profit in $MVIS which actually could have been much nicer if I held since it had an end of day run. I got to nervous with the overall market taking a hit and I let it impact my trade in $MVIS.
Its funny how I start out my day with a game plan and my watch list and I wind up trading two stocks that weren't even on my radar.I actually wanted to take a trade in $CALL which never happened. That is the way it is with the market, you trade what the market gives you not what you hope will happen. Going through my watch list I had many of my set ups wiped out and the stocks were removed from watch. It really seems like things are getting much weaker out there, With North Korea & European fears along with the sequestration actually going into effect we could be in for a bumpy ride ahead. I will continue to look for opportunities in quick day trades and limit my swings going forward.
We may get a little bump today in the markets so hopefully we will have some good opportunities.
Watch List
$CBMX pr,$ARRY pr,$NVIV pr,$PSDV,$URRE,,$JRCC, $CHTP,$VRNG,$CALL,$CBLI,$NAVB,$CLRX,
Seeking Alpha
Today's Markets:
In Asia, Japan +2.2% to 12635. Hong Kong, China closed. India -1.6% to 18510.
In Europe, at midday, London flat. Paris +0.9%. Frankfurt +0.6%.
Futures at 7:00: Dow +0.4%. S&P +0.4%. Nasdaq +0.4%. Crude flat at $94.46. Gold -0.6% to $1544.30.
Today's economic calendar:
7:30 Challenger Job-Cut Report
8:30 Initial Jobless Claims
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
12:30 PM Fed's George: Economic Outlook
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
Notable earnings before today's open: GBX, RPM
Notable earnings after today's close: XRTX
Today's Markets:
In Asia, Japan +2.2% to 12635. Hong Kong, China closed. India -1.6% to 18510.
In Europe, at midday, London flat. Paris +0.9%. Frankfurt +0.6%.
Futures at 7:00: Dow +0.4%. S&P +0.4%. Nasdaq +0.4%. Crude flat at $94.46. Gold -0.6% to $1544.30.
Today's economic calendar:
7:30 Challenger Job-Cut Report
8:30 Initial Jobless Claims
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
12:30 PM Fed's George: Economic Outlook
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
Notable earnings before today's open: GBX, RPM
Notable earnings after today's close: XRTX
Briefing.com
Gapping up
In reaction to strong earnings/guidance: GBX +3.2%.
Financial related names showing strength: ING +5%
(upgraded to Outperform from Neutral at Exane BNP Paribas ), RBS +4.3%, ING
+3.6%, BBVA +2%, SAN +1.9%, DB
+1.8% (derivatives portfolio is being probed by German
regulators, according to reports ), BCS +1.3%, BAC +0.8%, JPM +0.7%, C +0.7%, HBC +0.3%.
Select metals/mining stocks ticking higher: VALE +2.1%,
MT +1.8%, RIO +1.5%
(Some RIO mines may be purchased by Coal India, according
to reports), BBL +1.3%, BHP +0.9%.
Select Japan related names ticking higher after the BOJ
has announced a
open-ended bond purchase plan: SMFG +5.2%, NMR +5.1%, TM
+3.5%, MTU +3.4%, HMC +3%.
A few telcom names are higher: TEF +2.4%, TI +2.1%, FTE
+1.1%
Other news: NAVB +6.7% (Navidea Biopharmaceuticals
reports positive top-line
results from interim analysis of Lymphoseek Phase 3
clinical trial in head and neck cancer), RDY +3.2% (light volume, Dr. Reddy's launches Zoledronic Acid
Injection), FB +0.6% (ahead of expected Android launch), .
Analyst comments: NKA +6.9% (light volume, upgraded to
Outperform from Market
Perform at Wells Fargo, upgraded to Equal Weight from
Underweight at Barclays), PT +6.3% (added to Conviction Buy at Goldman), PANL +3.1% (upgraded to Buy at Needham), FNSR +3.1% (upgraded to Buy from Neutral at Lazard), SRPT
+2.8% (initiated with Outperform at Baird), PNRA +2.1% (added to Conviction
Buy list at Goldman), TMH +1.8% (added to Conviction Buy list and upgraded
from Neutral at Goldman ), BRO +1.5% (ticking higher, upgraded to Neutral from
Sell at Goldman), EAT +0.8% (upgraded to Buy from Neutral at Goldman), AAPL
+0.4% (initiated with a Buy at Lazard)
Gapping down
In reaction to disappointing earnings/guidance: CPWR
-2.7%, MIND -2.5%, LULU
-1.5%.
Select gold/silver names showing early weakness: KGC
-1.4%, EGO -1.1%, GOLD
-1.0%, SLV -0.8%, GLD -0.7%, GDX -0.5%.
A few European drug names are lower: NVS -1.3%, AZN
-1.1%
Other news: MACK -7.4% (announces top-line results from a
single arm Phase 2
advanced lung cancer study in patients with resistance to
an anti-EGFR tyrosine kinase inhibitor -- one cohort of a Phase 2 non-small cell lung
cancer study did not meet its primary endpoint), LSE -2.4% (announced the
commencement of a public offering of 6,500,000 shares of its common stock),
STM -2.2% and ARMH -1.9% (still checking), CCL -1.9% (continued weakness on
Triumph news), DEO -1.4% (still checking), RDS.A -0.6% (Royal Dutch Shell
Geelong Australia refinery is now for sale, according to reports ).
Analyst comments: LCC -1.8% (downgraded to Neutral from
Buy at BofA/Merrill),
ARUN -1.8% (downgraded to Neutral from Buy at UBS), AVA
-1% (ticking lower, downgraded to Neutral from Buy at UBS), MSFT -0.6% (downgraded to Neutral from
Buy at BofA/Merrill)
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