Tuesday, June 25, 2013

Come on Party People

Lets get this party started again, at least for a day or two.

After having a good friend come into town over the weekend and getting all of the old crew together to have some fun. I am having a hard time letting go of the party theme. I did some decent damage and probably killed a few hundred brain cells which made my trading day pretty uneventful yesterday. I felt like I was still in a fog a strong indication that I am getting to old to party like a ROCKSTAR.

Knowing that I was not on top of my game, I chose to sit on the sidelines and watch .

It looks like we are getting a bounce this morning as the markets are showing green in Pre Market. Just make sure you don't get to wrapped up in the party and pace yourself. I really should have tried that this weekend. I would probably have a few more brain cells left

I personally do not see this as being the end of the pullback but rather the market taking a breather before it continues its path for a 10 or 15 % correction. So with that in mind, I will be looking to play stocks for a bounce play and I may even hold a stock or two overnight but it will be short lived and my strops will be very tight.

Stocks on the move and others that caught my eye
$OSUR pr, $NVAX,  $APRI snap back, $CBMX PR, $PBR snap back play, $POZN pr, $CALD pr nice daily, $HALO continuation, $HIMX  snap back, $VTSS , $SNTA, $AMD like the daily held up well but very thick stock, $HERO continuation? 

Seeking Alpha  

Today's Markets:
In Asia, Japan -0.7% to 12969. Hong Kong +0.2% to 19856. China-0.2% to 1960. India +0.3% to 18603.
In Europe, at midday, London +1%. Paris +1.2%. Frankfurt +1.6%.
Futures at 6:10: Dow +0.5%. S&P +0.6%. Nasdaq +0.6%. Crude +0.7%to $95.85. Gold +0.5% to $1283.20.
Notable earnings before today's open: BKSCCLLENWAG
Notable earnings after today's close: APOLAVAVSWHC
Yahoo in play 
Other news: CBMX +37.5% (CombiMatrix granted conditional approval from New York State Department of health to market prenatal miscarriage analysis test), OPTT +33.8% (announces award of seabed survey contract in Australia), NVGN +22% (still checking, light volume), CYTK +5.7% (authorizes 1-for-6 reverse stock split, effective June 25; Cytokinetics and Astellas (ALPMY) Announce Collaboration in the Field of Skeletal Muscle Activation), SKS +3.8% (still checking), CTIC +3.7% (statement regarding Tosedostat clinical trial ), ETRM +3.4% (EnteroMedics submits PMA application for FDA approval of VBLOC therapy in obesity), NOK +2.6% (still checking), BBRY +2.1% (to introduce personal data service for iPhones and Android, according to reports), MLNX +2% (Globes Online discusses Clal Finance comments suggesting MLNX is likely involved in huge Microsoft server farm ), QIHU +1.8% (registered investment company, according to Marbridge), MW +0.8% (light volume, reports out discuss that George Zimmer may stage comeback to the company, according to reports; also Men's Wearhouse Board of Directors Provides Further Comments on Termination of George Zimmer). 
Other news: MITK -8% (announces proposed public offering of common stock), SNTS -6.5% (ticking lower, Santarus and Pharming present pivotal clinical data for RUCONEST), NBG -4.3% (still checking), EXC -3% (light volume, still checking), SHPG -1.4% (still checking

Briefing.com

Page One
08:53 ET Relative Calm after the Storm: Capital markets endured a microburst of concern yesterday about sharply rising interest rates and
>> Go to full Page One
Story Stocks®
08:46 ET Durable Orders Growth Surprises Amid Weak Manufacturing Surveys: Durable goods orders increased 3.6% for a second consecutive month in May. The Briefing.com
08:21 ET Carnival shares drift higher by 1% following better than expected earnings (CCL) : Carnival (CCL $33.61 +0.26) reported second earnings of $0.09 per share, excluding non-recurring
Earlier today on Story Stocks:
Walgreen shares little changed following worse than expected EPS (WAG) 07:50
>> For all of today's stories, go to Story Stocks
Up/Downgrades
Today's Upgrades:
CompanyTickerBrokerage Firm
Plains All AmerPAALadenburg Thalmann
CamtekCAMTChardan Capital Markets
Las Vegas SandsLVSCraig Hallum
WatersWATGoldman
Valero EnergyVLOGoldman
CEMEX S.A.CXMorgan Stanley
STECSTECWedbush
LaFargeLFRGYRaymond James
CME GroupCMEJP Morgan
Alamos GoldAGICowen
Hittite MicrowaveHITTGoldman
Kinder Morgan PartnersKMPBofA/Merrill
Today's Downgrades:
CompanyTickerBrokerage Firm
CoachCOHLazard
Vanguard Health SystemsVHSCRT Capital
Redwood TrustRWTWunderlich
Demand MediaDMDStifel
NetflixNFLXBernstein
Genomic HealthGHDXGoldman
AgilentAGoldman
AllerganAGNWells Fargo
Demand MediaDMDJMP Securities
Timmins GoldTGDCowen
IPC The HospitalistIPCMWallachBeth
IPC The HospitalistIPCMPiper Jaffray
American VanguardAVDPiper Jaffray
Pan Am SilverPAASCowen
QIWIQIWIJP Morgan
Sunoco LogisticsSXLBofA/Merrill
Western Gas PartnersWESBofA/Merrill
Good luck trading to Day !!

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