Yesterday was just a churn and burn day for me as the unrest in Cairo seemed to be playing havoc with the markets. In my video watch list I had $CLNT and said in the video that it can be a widow maker and that is because it has a tendency to have these big pops and equally big drops. Long story short I traded it twice and basically made my broker a little money and mad myself enough for an Ice cream cone. I also took a position in $SGOC which I sold half for a 24 cent gain and I held the remaining portion overnight.
Probably the best advice I can give today is go start your vacation early!!! We have a shortened session today and the Cairo thing is supposedly 4 hours away from some sort of deadline.
Things could be pretty choppy today so if things aren't working go spend some time with the fam, hit the gym, call some friends, buy some fireworks, have a cocktail, walk the dog, go golfing, see a movie, write a book , read a book , go swimming, get a manicure >>>> You get the idea lol
Whatever you decide to do, have a fantastic day and have a wonderful Fourth tomorrow.
Morning movers and stocks that caught my eye
$OCZ pr, GST pr, $CTIC pr, $MRCY pr thin nice daily, $ROYL can be a pop and fade so be careful, $ASTX holding tough testing the 20 day, $NVAX @ big price resistance could really get moving, $ZIOP hot daily, $IPAS looks ready riding 200 day, $TEAR testing 20 day, $NQ kinda hot, $LYV nice daily, $AVNR pr, $PBTH pr possible flat top Break out , $XOMA pr nice daily coiling right under moving averages
Seeking Alpha
Today's Markets:
In Asia, Japan -0.3% to 14056. Hong Kong -2.5% to 20147. China -0.6% to 1994. India -1.4% to 19195.
In Europe, at midday, London -1.6%. Paris -1.7%. Frankfurt -1.7%.
Futures at 7:00: Dow -0.5%. S&P -0.5%. Nasdaq -0.6%. Crude +1.5% to $101.08. Gold +0.2% to $1245.90.
In Asia, Japan -0.3% to 14056. Hong Kong -2.5% to 20147. China -0.6% to 1994. India -1.4% to 19195.
In Europe, at midday, London -1.6%. Paris -1.7%. Frankfurt -1.7%.
Futures at 7:00: Dow -0.5%. S&P -0.5%. Nasdaq -0.6%. Crude +1.5% to $101.08. Gold +0.2% to $1245.90.
Today's economic calendar:
7:00 MBA Mortgage Applications
7:30 Challenger Job-Cut Report
8:15 ADP Jobs Report
8:30 International Trade
8:30 Initial Jobless Claims
9:45 Bloomberg Consumer Comfort Index
10:00 ISM Non-Manufacturing Index
10:30 EIA Petroleum Inventories
12:00 EIA Natural Gas Inventory
7:00 MBA Mortgage Applications
7:30 Challenger Job-Cut Report
8:15 ADP Jobs Report
8:30 International Trade
8:30 Initial Jobless Claims
9:45 Bloomberg Consumer Comfort Index
10:00 ISM Non-Manufacturing Index
10:30 EIA Petroleum Inventories
12:00 EIA Natural Gas Inventory
NYSE Close at 1:00 PM
Briefing.com
| Page One | |
| 09:00 ET Trouble Brewing, Buyers Stewing: Capital markets around the world can be excused for feeling restless today.Protests in Egypt | |
| >> Go to full Page One | |
| |
| Story Stocks® | |
| 08:59 ET Initial Claims Trends Remain Flat: The initial claims level decreased from an upwardly revised 348,000 (from 346,000) for the week | |
| 08:58 ET Trade Balance Widens on Demand for Oil and Cell Phones: The U.S. trade deficit widened to $45.0 bln in May from an upwardly revised $40.1 bln (from $40.3 | |
| Earlier today on Story Stocks: Avanir Pharmaceuticals shares little changed following license agreement for intranasal system (AVNR) 07:46 | |
| >> For all of today's stories, go to Story Stocks | |
| |
| Up/Downgrades |
| Today's Upgrades: | ||
| Company | Ticker | Brokerage Firm |
| Chipotle Mexican Grill | CMG | Argus |
| New York Times | NYT | Lazard |
| Randgold Resources | GOLD | Citigroup |
| Zions Bancorp | ZION | Citigroup |
| Comerica | CMA | Citigroup |
| AutoNation | AN | Credit Suisse |
| Daimler AG | DDAIF | JP Morgan |
| Today's Downgrades: | ||
| Company | Ticker | Brokerage Firm |
| Assurant | AIZ | BofA/Merrill |
| Salix Pharma | SLXP | BofA/Merrill |
| Pinnacle West | PNW | Williams Capital Group |
| Overstock.com | OSTK | BofA/Merrill |
| Mead Johnson Nutrition | MJN | Wells Fargo |
| Mindray Medical | MR | Piper Jaffray |
| ACCO Brands | ACCO | Credit Suisse |
| Belo | BLC | Wells Fargo |
| Oiltanking Partners | OILT | BofA/Merrill |
| AllianceBernstein | AB | Credit Suisse |
| Alcoa | AA | JP Morgan |
| Werner Enterprises | WERN | Wunderlich |
| BMW Group | BAMXY | JP Morgan |
| Endurance Specialty | ENH | Keefe Bruyette |
| Fresenius Medical | FMS | Exane BNP Paribas |
Good luck trading today!!
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