Friday, May 31, 2013

Let's end the week and the month strong.

I guess the old sell in May go away theme didn't really work out. Maybe its sell on the last day of May and go away??
It looks like the markets are going to open up with some weakness but who knows where we will close at the end of the day.
Yesterday was a frustrating day for me.  It started out strong but then slowly fell apart. I took trades in $HIMX,$MUX $LEDS and $FXEN.$MUX and $HIMX worked out just fine and I actually held $MUX overnight but $LEDS and $FXEN were a different story. $LEDS went sideways for nearly the entire day and I was forced to sell it taking a lousy 4 cent gain. $FXEN I took a loss after it faded all day from the early morning pop and failed to hold my line in the sand. I thought yesterday was going to be my home run day of the week a real GRAND SLAM kind of day. When in reality it was just a So So kind of day. I didn't lose money but I didn't make what I wanted or should have made.  I was to greedy with I should have taken at least some of the profit in $FXEN when they were there.

Morning movers and stocks that caught my eye
$OMER pr,$VNDA pr 10 dolla holla?, $OCZ continuation, $LEDS might have been a day early, $CYTR pr upgrade lots of resistance overhead on the daily, $OVTI big gapper earnings,$KERX riding the 20 day,  
$SGYP 20 day holds , $CUR nice flag 20 and day held, $MNKD flaggin, $MTG and $RDN like the daily on both, $AVNR looks hot on the daily, $GRPN,

Seeking Alpha
Today's Markets:
In Asia, Japan +1.4% to 13775. Hong Kong -0.4% to 22392. China-0.7% to 2301. India -2.3% to 19760.
In Europe, at midday, London -0.9%. Paris -0.7%. Frankfurt -0.7%.
Futures at 7:00: Dow -0.5%. S&P -0.5%. Nasdaq -0.5%. Crude -0.6%to $93.07. Gold -0.1% to $1411.00.
Briefing.com
Today's Upgrades:
CompanyTickerBrokerage Firm
WeyerhaeuserWYBuckingham Research
UroplastyUPIJMP Securities
Canadian Natl RailCNIJP Morgan
NorthWesternNWERobert W. Baird
HomeAwayAWAYPiper Jaffray
Oaktree CapitalOAKKeefe Bruyette
CME GroupCMEKeefe Bruyette
Statoil ASASTOHSBC Securities
Today's Downgrades:
CompanyTickerBrokerage Firm
Werner EnterprisesWERNStifel
BGC PartnersBGCPRaymond James
GFI GroupGFIGRaymond James
QR Energy LPQREJP Morgan
Charles RiverCRLRaymond James
CIBCCMBofA/Merrill
Panera BreadPNRALazard
Linde GroupLNEGYJP Morgan
CepheidCPHDJefferies
AonAONKeefe Bruyette
Good luck trading today!!

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