I took trades in $UNIS which was an add to my long term hold position. I also doubled my position in $FCEL which is a swing. Meanwhile I had a fantastic trade in $FXEN which I found pre market yesterday off of a pr release. When you can line up a pr with a hot chart the results can be tremendous which happened to be the case yesterday.
The other thing that has worked well is the lotto hold that I have from previous trades.
When the market is running in pretty much one direction those holds continue to climb and I get to scale out as they do so. $URRE,$JRCC, $DRL were a few examples of stocks I did that with. The KEY element to that style working is a strong trend in the overall market.
I also held $GST and $AXAS from the previous days buy I still like the charts and have not had a reason to bail my position. I did take a position in $END which I had to dump half of for a 6 cent loss.
I do not know how long this market will continue to run but I am certainly enjoying the ride. As I have stated before, be ready to alter your strategy and have a plan in place if thing go south.
Stocks on the move and others that caught my eye
$LYV hot chart 14 dolla holla and 52 week highs on deck, $AERL missed the break out but still want to, $VELT bottom breakout?,$NPSP offering @ 14.53 52 week highs,$BGMD got some action yesterday (devil stock fro me), $ALXA clearing moving averages, $RMTI testing 50 and 20day,$WIFI riding the 200day working off overbought condition, $ALSK hot flag right under the 200 day forming, $XOMA hot flag big cup with handle 52 week highs on deck, $ZLC earnings pr, $OGXI pr but 50 day right overhead nice little flag on daily, $ONCY pr lots of overhead resistance, $RMBS hot looking flag on the daily, $TASR pr already swinging this, $CLNT big GAPPER, $IBIO very spec had some pr over 20 day could get moving, $FCEL looks ready, $CLSN pr
Home builders probably gonna be hot off of Toll brothers earnings
Seeking Alpha
Today's Markets:
In Asia, Japan +1.6% to 15627. Hong Kong -0.45% to 23261. China-0.12% to 2302. India -0.25% to 20062.
In Europe, at midday, London -0.16%. Paris -0.43%. Frankfurt -0.18%.
Futures at 7:00: Dow +0.12%. S&P +0.17%. Nasdaq +0.17%. Crude-0.93% to $95.81. Gold +0.62% to $1386.00.
In Asia, Japan +1.6% to 15627. Hong Kong -0.45% to 23261. China-0.12% to 2302. India -0.25% to 20062.
In Europe, at midday, London -0.16%. Paris -0.43%. Frankfurt -0.18%.
Futures at 7:00: Dow +0.12%. S&P +0.17%. Nasdaq +0.17%. Crude-0.93% to $95.81. Gold +0.62% to $1386.00.
Today's economic calendar:
7:00 MBA Mortgage Applications
10:00 Existing Home Sales
10:00 Bernanke testify on Economy Outlook
10:30 EIA Petroleum Inventories
2:00 PM FOMC minutes
7:00 MBA Mortgage Applications
10:00 Existing Home Sales
10:00 Bernanke testify on Economy Outlook
10:30 EIA Petroleum Inventories
2:00 PM FOMC minutes
Briefing.com
| Today's Upgrades: | ||
| Company | Ticker | Brokerage Firm |
| Dice Holdings | DHX | Stifel |
| Two Harbors Investment | TWO | Compass Point |
| Chesapeake Energy | CHK | Susquehanna |
| Kindred Healthcare | KND | Susquehanna |
| Bristol-Myers | BMY | Citigroup |
| Roche Hldg | RHHBY | Citigroup |
| Volvo | VOLVY | HSBC Securities |
| Today's Downgrades: | ||
| Company | Ticker | Brokerage Firm |
| EPL Oil & Gas | EPL | CapitalOne |
| SolarWinds | SWI | Pacific Crest |
| BlackBerry | BBRY | Exane BNP Paribas |
| Amphenol | APH | Stifel |
| HHGregg | HGG | B. Riley & Co. |
| SunTrust Banks | STI | Oppenheimer |
| PrivateBancorp | PVTB | Oppenheimer |
| Comerica | CMA | Oppenheimer |
| Caesars Entertainment | CZR | Credit Suisse |
| iGATE | IGTE | Oppenheimer |
| Warner Chilcott | WCRX | Leerink Swann |
| Commerzbank AG | CRZBD | Nomura |
| SodaStream | SODA | JP Morgan |
| UBS AG | UBS | Keefe Bruyette |
| EQT Corp. | EQT | Societe Generale |
| InterXion | INXN | Goldman |
| Newcastle Investment | NCT | Keefe Bruyette |
Good luck trading today !!!
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