Wednesday, May 15, 2013

Will the fun ever end??

 It sure doesn't look like it.
The market continues to make new highs and make all the bears, sceptics and doubting Tom's look like fools,at least for now. However, make no mistake, their day is coming and no one knows exactly when that will occur. What we do know is nothing goes straight up forever. So be smart, be cautious and have a plan.

So I had a fairly good day yesterday. I sold most of my $PRKR swing, and all of my $KTOS  for a nice little profit. I took trades in $PDII, $III and $RVLT. Unfortunately the only winning trade there was $RVLT. I still hold $III which is flat and $PDII is down. I plan to exit $PDII and will most likely take a loss. I should have dumped it yesterday when it failed to break its hod. I also added some $FCEL, and $INO to my existing long term hold positions.

Stocks on watch and morning movers that caught my eye

$CHCI earnings,$NEPT hot chart 3 dolla roll test 200 day?, $PRMW earnings,$DVR pr, $APP pr  2 dolla roll, $SCMP pr ,$FTEK pr, $SSN pr, $TXCC pr, $MEIP thin hot chart though, $TEAR continuation,$DVAX hot chart, $HIMX 7 dolla holla , $CHLN, $YRCW, $ACW , $SUPN, $SCLN 5 dolla holla, $LLEN possible bounce play,   $BIOL pr, $ACAD climbing after offering 
  
Sectors
Solars and rare earths on watch

Seeking Alpha
Today's Markets:
In Asia, Japan +2.29% to 15096. Hong Kong +0.5% to 23044. China +0.35% to 2224. India +2.49% to 20212.
In Europe, at midday, London +0.08%. Paris +0.33%. Frankfurt +0.17%.
Futures at 7:00: Dow +0.06%. S&P -0.02%. Nasdaq: Flat. Crude -0.8% to $93.46. Gold -1.01% to $1410.00.

Today's economic calendar:
7:00 MBA Mortgage Applications
8:30 Producer Price Index
8:30 Empire State Mfg Survey
9:00 International Capital Flow
9:15 Industrial Production
10:00 NAHB Housing Market Index
10:00 E-Commerce Retail Sales
10:30 EIA Petroleum Inventories

Notable earnings before today's open: AG, AH, CSC, DE, EJ, GLOG, M, OXF, PF, SVNT, WMC

Notable earnings after Wednesday's close: ANW, CSCO, EGLE, JACK, NTES, SB, SKX, SVM, THMC, YOKU
Briefing .com

Today's Upgrades:
CompanyTickerBrokerage Firm
Redwood TrustRWTFBR Capital
Noble EnergyNBLStifel
Halcon ResourcesHKStifel
GapGPSCitigroup
InergyNRGYJP Morgan
Commerzbank AGCRZBDNomura
Unilever NVUNNomura
RusHydroRSHYY.PKJP Morgan
Credit Agricole SACRARYJP Morgan
Today's Downgrades:
CompanyTickerBrokerage Firm
Cooper CosCOORaymond James
Domino's PizzaDPZMiller Tabak
Regency Energy Partners LP CommRGPWells Fargo
RenrenRENNOppenheimer
ITT EducationalESIFirst Analysis Sec
Gardner DenverGDICredit Suisse
BrunswickBCRaymond James
BlackBerryBBRYBernstein
CloroxCLXCredit Suisse
EDP - Energias de PortugalEDPFYCitigroup
Golar LNGGLNGGoldman
Good luck trading today!!

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