Wednesday, June 26, 2013

It was a party after all !!

Yesterday was one of those fun days where everything seemed to work. Started out with $CBMX which I bought near the open on hels a portion of all day after scaling out on the way up. I picked up some $EBIX which almost stopped me out but patience paid off neat the end of the day. Then my good buddy Noanettrader gave me a heads up on $ANR which I took for a quick trade. $SANW was another one I took for a quick PR trade that also paid off for me.  The only disappointment was $AVNR which remains flat for me and I carried it over to this morning. If it doesn't show me something soon I will be bailing.

We had some better than expected economic data yesterday that coincided with an oversold bounce back in the indices. I wouldn't be going all in here, but I would be looking to continue the party for a day or two longer. I do not plan on taking any new positions in swings but I may add to some that I currently own if the opportunity presents its self.

Morning movers and stocks that caught my eye
$LIVE thin, nice daily, pr,  $MGM bottom bounce swing for me,$RSOL hate the stock but nice daily and pr this morning solars are getting jiggy this morning   $DRWI like the daily, $ONCY possible 3 dolla holla, $NVAX looking fro cross over MA, $RPTP daily looks hot ,$BDBD daily looks hot, $BEAT continuation?, $CECO, $SWFT continuation, $CLNT nice daily, $DGIT PR 7 dolla holla   , $GLUU, $SNV nice daily, $BCOV, $CZR, $ENVI, $PATH pr, $KTOS PR , $PSTI pr, $ECTE pr recent revers split

Seeking Alpha
Today's Markets:
In Asia, Japan -1% to 12834. Hong Kong +2.4% to 20339. China -0.4% to 1952. India -0.4% to 18552.
In Europe, at midday, London +1.1%. Paris +1.7%. Frankfurt +1.6%.
Futures at 6:10: Dow +0.4%. S&P +0.5%. Nasdaq +0.6%. Crude -0.5% to $94.84. Gold -4% to $1224.20.
Notable earnings before today's open: MONGISLNNAH
Notable earnings after today's close: BBBYPAYX


Briefing.com

Page One
08:58 ET Market's Taper Tantrum Subsides: The stock market got a nice bounce yesterday, aided by stronger-than-expected economic data and an
>> Go to full Page One
Story Stocks®
09:08 ET Revisions to Services Spending and Nonresidential Investment Lead to Lower Q1 GDP Growth: First quarter GDP growth was revised down and now shows a 1.8% gain in the third estimate from 2.4%
08:28 ET Monsanto shares little changed following better than expected earnings but miss on revenues (MON) : Monsanto (MON $101.26 -0.14) reported third quarter earnings of $1.66 per share, excluding
Earlier today on Story Stocks:
Parexel shares little changed pre-market following reaffirmation of guidance (PRXL) 07:48
>> For all of today's stories, go to Story Stocks
Up/Downgrades
Today's Upgrades:
CompanyTickerBrokerage Firm
Williams CosWMBTudor Pickering
F.N.B. CorpFNBGuggenheim
Bryn Mawr BankBMTCGuggenheim
Susquehanna BankSUSQGuggenheim
S&T BancorpSTBAGuggenheim
Mellanox TechMLNXStifel
MGM ResortsMGMNomura
Home BancsharesHOMBRaymond James
Buffalo Wild WingsBWLDMorgan Stanley
RackspaceRAXWells Fargo
Allot CommsALLTWedbush
Oxford Resource PartnersOXFWells Fargo
ARM HoldingsARMHNatixis Bleichroeder
Banco SantanderBSACJP Morgan
ARM HoldingsARMHThe Benchmark Company
Health NetHNTCredit Suisse
Alliance DataADSSun Trust Rbsn Humphrey
Home BancsharesHOMBWunderlich
Lam ResearchLRCXBofA/Merrill
Allot CommsALLTWunderlich
RWE AGRWEOYCredit Suisse
ARM HoldingsARMHPiper Jaffray
Adobe SystemsADBEJefferies
Banco SantanderSANCitigroup
Banco Bilbao Vizcaya ArgentariaBBVACitigroup
Today's Downgrades:
CompanyTickerBrokerage Firm
Advance AutoAAPMorgan Stanley
O'Reilly AutoORLYMorgan Stanley
Hudbay MineralsHBMCredit Suisse
Silver WheatonSLWCredit Suisse
BrinkerEATMorgan Stanley
ExactTargetETRaymond James
Pan Am SilverPAASCredit Suisse
Southwest AirLUVMorgan Stanley
Lufkin IndustriesLUFKWells Fargo
MosaicMOSCitigroup
NETGEARNTGRGoldman
AxiallAXLLSun Trust Rbsn Humphrey
Barrick GoldABXCredit Suisse
Vanguard Health SystemsVHSCitigroup
Rubicon TechRBCNJP Morgan
Good luck trading today !!

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