Beware of the old Bait and Switch

So the markets appear to be on their way to a strong open, call me a skeptic but I will be quite surprised if the market stays strong and closes in the green for the day. Even if that does turn out to be the case my trades are going to be quick and I will avoid taking any new swings unless of course the setup is just to dang sweet to pass up. CAUTION will be my word of the day today!
Overseas markets were extremely weak and I will be looking for more of that choppy action we experienced on Friday. It doesn't mean I won't be playing but I won't have much tolerance for stocks that aren't working the way I think they should.

Stocks on the move and others that caught my eye

$TEAR off video watch list 52 week highs big gapper, $LPSN pr, $PPHM pr, $CPST pr, $KERX pr,      $HIMX 8 dolla holla 52 week highs, $FLML big gapper small float PR, $PSTI, $GRPN, $AMBA, $HALO 20 day ma bounce and pr, $MNKD    


Seeking Alpha

Today's Markets:
In Asia, Japan -3.7% to 13262. Hong Kong -0.5% to 22282. China -0.1%to 2299. India -0.8% to 19610.
In Europe, at midday, London -0.1%. Paris +0.7%. Frankfurt +0.5%.
Futures at 7:00: Dow +0.5%. S&P +0.4%. Nasdaq +0.35%. Crude +0.5%to $92.40. Gold +0.1% to $1394.30.

Today's economic calendar:
9:00 PMI Manufacturing Index
10:00 ISM Manufacturing Index
10:00 Construction Spending

Notable earnings before today's open: CBRL

Notable earnings after today's close: SAI

Briefing.com

Page One 08:56 ET Playing the Waiting Game: The stock market had a very good May with the S&P 500 rising 2.1%, which included a 1.4% decline on >> Go to full Page One Story Stocks® 08:59 ET Keryx Biopharma Up 4% On Positive Zerenex Results (KERX) : Keryx Biopharma (KERX) announced the presentation of updated efficacy and safety data from the 08:55 ET Cracker Barrel Trades 4% Higher After Beating On Top And Bottom Line (CBRL) : Cracker Barrel (CBRL $89.46) reported third quarter earnings of $1.02 per share, $0.08 better than Earlier today on Story Stocks: Chicago PMI Pops in May 10:13 >> For all of today's stories, go to Story Stocks Up/Downgrades Today's Upgrades: Company Ticker Brokerage Firm BNC Bancorp BNCN Raymond James Northstar Realty NRF Stifel Intel INTC FBR Capital Infosys INFY BofA/Merrill Orbitz OWW Lazard Littelfuse LFUS Robert W. Baird Plum Creek PCL BofA/Merrill Woodward WWD Jefferies Best Buy BBY Sun Trust Rbsn Humphrey Healthways HWAY Piper Jaffray Today's Downgrades: Company Ticker Brokerage Firm Canadian Natrl Res CNQ Goldman Cepheid CPHD Craig Hallum TripAdvisor TRIP Stifel Golar LNG Partners GMLP Raymond James Koppers Holdings KOP Jefferies F5 Networks FFIV Morgan Stanley

Good luck trading today !!