So here we are ending another week and whether the market ends the day up or down is anyone's guess. However one thing is certain > There will be opportunity !!
Yesterday was a decent day nothing stellar but I walked away with profit and that is all that matters in my book. I took a sympathy trade right out of the gate with $GTN and held it nearly all day after scaling out half on its initial spike. I scaled out another quarter near the eod and held some for lotto.
I also took a stupid, stupid, stupid, trade in $MY which I dumped in two lots one for a 8 cent loss and one for a 16 cent loss It was really a poorly entered, poorly managed and poorly exited trade. Other than that I did a fantastic job with $MY! Did I mention that was just a STUPID trade!! First of all, I should have never entered it there was no confirmation that it was going higher and it was already up 3 days in a row, second I should have dumped it immediately when it failed and third I should have sold it in one trade NOT 2! I was just plain STUPID!
$ROSG presented its usual PR pump for a nice little quick profit and $CYTK gave me a nice little profit as it popped to 1.55 I have been swinging $CYTK from the 1.16 range and I added to that position the day before on the Amgen news. Yesterday I sold half of the portion I was swinging before that news on the pop to 1.55.
Morning movers and others that caught my eye
$MHR earnings pr, $ACAD bull flag, $RPXC 16 dolla holla, $SWHC pr Earnings beat, $RVLT still looks hot, $GTAT 50 day ma bounce, $GRPN like the daily and it caught an upgrade with a 10 dolla price target, $INO pr already swingin
$Nok decent daily not sure how explosive it can be , $INVN hot daily Pr gapper, $ASTX been on my radar for days now PR $AVNR nice bull flag, $RH gapper earnings pr, $ALIM HOT daily but VERY thin PR, $HYGS snapback play on pr , $SPF continuation through moving averages, $ANR, $GTXI nice flag daily, $EDAP could be ready pr, $FXEN daily loos hot , $XOMA needs to get over the 20 day with conviction
Seeking Alpha
Today's Markets:
In Asia, Japan +1.9% to 12687. Hong Kong +0.4% to 20969. China+0.6% to 2162. India +1.9% to 19178.
In Europe, at midday, London -0.2%. Paris +0.3%. Frankfurt +0.4%.
Futures at 7:00: Dow -0.1%. S&P -0.2%. Nasdaq -0.1%. Crude +0.4%to $97.06. Gold +0.1% to $1378.80.
In Asia, Japan +1.9% to 12687. Hong Kong +0.4% to 20969. China+0.6% to 2162. India +1.9% to 19178.
In Europe, at midday, London -0.2%. Paris +0.3%. Frankfurt +0.4%.
Futures at 7:00: Dow -0.1%. S&P -0.2%. Nasdaq -0.1%. Crude +0.4%to $97.06. Gold +0.1% to $1378.80.
Today's economic calendar:
8:30 Producer Price Index
8:30 Current Account
9:15 Industrial Production
9:55 Reuters/UofM Consumer Sentiment
8:30 Producer Price Index
8:30 Current Account
9:15 Industrial Production
9:55 Reuters/UofM Consumer Sentiment
Briefing.com
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Good luck trading today !!!!!
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