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.
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.
Today's economic calendar:
7:45 ICSC Retail Store Sales
8:30 Durable Goods
8:55 Redbook Chain Store Sales
9:00 FHFA House Price Index
9:00 S&P Case-Shiller Home Price Index
10:00 Consumer Confidence
10:00 State Street Investor Confidence Index
10:00 Richmond Fed Mfg.
10:00 New Home Sales
1:00 PM Results of $35B, 2-Year Note Auction
7:45 ICSC Retail Store Sales
8:30 Durable Goods
8:55 Redbook Chain Store Sales
9:00 FHFA House Price Index
9:00 S&P Case-Shiller Home Price Index
10:00 Consumer Confidence
10:00 State Street Investor Confidence Index
10:00 Richmond Fed Mfg.
10:00 New Home Sales
1:00 PM Results of $35B, 2-Year Note Auction
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
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Good luck trading to Day !!
No comments:
Post a Comment