I missed several break outs off of my video watch list that really irritate me $CAMP $LYV $STSI, $CYCC,$DVAX its not like they were screaming higher but I still missed catching a quick trade.
Yesterday had the feel of a blow off top as the market opened with tremendous strength and for the remainder of the day it seemed to want to go lower taking many of the stocks I was following with it. I saw a lot of reversals and this gave me pause about trying to establish new positions. $ECTY was one that I took for a very quick trade. I literally held it for less than 15 minutes.I also took a position in $PIP which I already held for a swing if the market continues to weaken I may have to exit that position until there is more clarity from the ruling.
The market looks like it wants to open weaker this morning it will be interesting to see where we close out the day.
Morning movers and others that caught my eye
$POZN pr, $PCRX pr, $KTOS pr 6 dolla holla and flat top breakout, $MITK pr, $SQNM moving averages held up,$BLDP pr possible 2 dolla holla, $SONS pr upgrade, $MTG, $XOMA $STSI continuation, $SCMP pr, $RTK like the daily, $OMEX, $CLSN continuation
Seeking Alpha
Today's Markets:
In Asia, Japan +0.1% to 14326. Hong Kong -1.6% to 22555. China+0.1% to 2324. India -0.1% to 20148.
In Europe, at midday, London -1.3%. Paris -1.4%. Frankfurt -1.3%.
Futures at 7:00: Dow -0.5%. S&P -0.6%. Nasdaq -0.5%. Crude -0.5%to $94.50. Gold -0.6% to $1387.60.
In Europe, at midday, London -1.3%. Paris -1.4%. Frankfurt -1.3%.
Futures at 7:00: Dow -0.5%. S&P -0.6%. Nasdaq -0.5%. Crude -0.5%to $94.50. Gold -0.6% to $1387.60.
Today's economic calendar:
7:00 MBA Mortgage Applications
7:45 ICSC Retail Store Sales
8:55 Redbook Chain Store Sales
1:00 PM Results of $35B, 5-Year Note Auction
7:00 MBA Mortgage Applications
7:45 ICSC Retail Store Sales
8:55 Redbook Chain Store Sales
1:00 PM Results of $35B, 5-Year Note Auction
Notable earnings after today's close: AVGO
Briefing.comToday's Upgrades: | ||
Company | Ticker | Brokerage Firm |
Fibria Celulose S.A. | FBR | JP Morgan |
Palo Alto Networks | PANW | Pacific Crest |
EnerNOC | ENOC | Raymond James |
Denbury Resources | DNR | Credit Suisse |
Microchip | MCHP | Citigroup |
Analog Devices | ADI | Citigroup |
Linear Tech | LLTC | Citigroup |
AthenaHealth | ATHN | Raymond James |
Sonus Networks | SONS | Jefferies |
Peugot SA | PEUGY.PK | HSBC Securities |
Tencent | TCEHY | HSBC Securities |
Today's Downgrades: | ||
Company | Ticker | Brokerage Firm |
EnerNOC | ENOC | Pacific Crest |
Gran Tierra Energy | GTE | Tudor Pickering |
Portugal Telecom | PT | Berenberg |
Western Asset Mortgage | WMC | Citigroup |
Javelin Mortgage | JMI | Citigroup |
Brocade | BRCD | Morgan Stanley |
Conceptus | CPTS | Raymond James |
Maxim Integrated | MXIM | Citigroup |
Comerica | CMA | Wunderlich |
Home Bancshares | HOMB | Wunderlich |
Pinnacle Finl | PNFP | Wunderlich |
Capital Lease Funding | LSE | MLV & Co |
Good Luck Trading Today !!!!!
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