Happy Memorial Day

So we have a long weekend coming up and it will be interesting to see how we end out the week. I think we may see more of the same action that we experienced yesterday. It reminds me of a YO YO the only bummer is I am not controlling the up and down action.

 I raised cash on Wednesday and yesterday I was only involved in a few trades. I sold 1/2 of my $UVXY swing from Wed in two pieces early in the morning a 1/4 right @ the open and another shortly after I still hold 1/2. I took a very quick trade like literally about 5 minutes long in $HIHO a little micro cap that had a pop on pr. I also took a trade in $VVTV which was my biggest winner of the day in terms of profit I sold 80 percent of the stock throughout the day and still hold some shares for lotto. I was also in $ARNA for about 5 minutes when I thought it was going to pop near the EOD when it failed to follow through I bailed.

As for today, anything I play will probably be quick and I will be unloading stocks before the long weekend building my cash position.

Going through my scans I actually had quite a few stocks that seemed to have a nice rebound and others that have held up really well. I have scaled back on position sizes and will continue to do so until we get a more definitive direction in the market.

Morning movers and stock that caught my eye

$BLOX earnings, $SIMG pr, $AMAP potential bounce play, $YGE pr, $TSRX hot chart, $VVTV continuation, $OCZ crack over 50 day, $SQNM, $SGYP, $CAMP, $ZIOP continuation, $NDZ continuation, $HA continuation, $AMPE, $CPST dolla holla, $BDSI missed the best entry for bounce back play but still watching, $TVL, $ECTY, $OWW nice flag 8 dolla holla    $PACB nice chart, $MEIP been watching forever nice daily just got an upgrade *thin stock
$CYCC insider buying got some action yesterday  $SREV continuation, $AMBA ,  $EGLE and $BLDP > that should just about do it lol 

Seeking Alpha

Today's Markets:
In Asia, Japan +0.9% to 14612. Hong Kong -0.2% to 22619. China+0.6% to 2289. India +0.1% to 19704.
In Europe, at midday, London -0.7%. Paris -0.1%. Frankfurt -0.9%.
Futures at 7:00: Dow -0.35%. S&P -0.5%. Nasdaq -0.5%. Crude -0.8%to $93.53. Gold -0.45% to $1385.60.

Today's economic calendar:
8:30 Durable Goods

Notable earnings before today's open: ANF, FL, TNP

Briefing.com

Up/Downgrades

Today's Upgrades:
Company	Ticker	Brokerage Firm
Sherwin-Williams	SHW	Robert W. Baird
Whiting Petroleum	WLL	Sun Trust Rbsn Humphrey
Gordmans Stores	GMAN	Piper Jaffray
DDR	DDR	Jefferies

Today's Downgrades:
Company	Ticker	Brokerage Firm
Saks	SKS	Argus
Titan Machinery	TITN	Robert W. Baird
Pinnacle	PNK	Credit Agricole
Gerdau S.A.	GGB	JP Morgan
BT Group plc	BT	JP Morgan
Nordson	NDSN	Oppenheimer
Salesforce.com	CRM	Wedbush
Marvell	MRVL	JMP Securities
Centene	CNC	Raymond James
rue21	RUE	Janney

Good luck trading today!! Happy Memorial Day be safe,sane and have a wonderful weekend!!