Tuesday, July 2, 2013

No conviction!

Yesterday the markets weren't all that convincing and the action in many stocks just wasn't convincing enough to sway me into jumping in. I did take a couple of trades one in $ASTX and another in $ACUR I was already swinging $ACUR and sold some on the morning pop then decided to take a shot at it when it was testing the 50 day it proved to be a waste of time as I wound up selling it flat. $ASTX I decided to hold over night and almost sold it for a two cent loss but thought I would give it one more day as it held my line in the sand.

There were several stocks that were teasing me off of my video watch list $AXU, $NTSC, $END, $ZIXI, $CLNT, volume was just so weak which should have been expected with the shortened holiday week. I was also stalking $ZNGA and $MNKD but I failed to take any trades.In the end I just sat on my hands for the majority of the day.

Morning movers and other stocks that caught my eye

$CYCC pr thin low float, $CLNT pr  $ZNGA pr continuation, $MNKD range break, $GEVO trying, $NVAX pr,   $ARRY pr  $OMER pr, $KTOS pr already swingin, $CSIQ poppin pre market, $CETV hot daily, 

Seeking Alpha
Today's Markets:
In Asia, Japan +1.8% to 14099. Hong Kong -0.7% to 20659. China +0.6% to 2007. India -0.6% to 19464.
In Europe, at midday, London -0.5%. Paris -0.4%. Frankfurt -1.2%.
Futures at 6:10: Dow +0.2%. S&P +0.3%. Nasdaq +0.3%. Crude +0.2% to $98.15. Gold +0.35% to $1260.10.
Notable earnings before today's open: STZGBX
Briefing.com
Page One
08:22 ET Market Lacking a Spark: The third quarter got off to a decent start. It could have been better -- and was better -- yet
>> Go to full Page One
Story Stocks®
08:48 ET Hudson Technologies Down 32.4% After Issuing Weak Guidance (HDSN) : Hudson Technologies ($2.13 -1.02) expects to see second quarter revenue guidance of ~$15.5 mln,
07:56 ET Constellation Brands Lower Pre-Market Following Earnings/Guidance Results (STZ) : Constellation Brands (STZ $52.00 -1.14) reported first quarter earnings of $0.38 per share,
Earlier today on Story Stocks:
Greenbrier shares little changed following beat on EPS and lowered revenue & railcar guidance (GBX) 07:48
>> For all of today's stories, go to Story Stocks
Up/Downgrades
Today's Upgrades:
CompanyTickerBrokerage Firm
PetroChinaPTRExane BNP Paribas
QuiksilverZQKB. Riley & Co.
Rowan CosRDCCitigroup
JPMorgan ChaseJPMRaymond James
Rexam PLCREXMYJefferies
Eastern Virginia BankEVBSKeefe Bruyette
PetroChinaPTRHSBC Securities
Burberry plcBURBYHSBC Securities
Today's Downgrades:
CompanyTickerBrokerage Firm
Hub GroupHUBGRBC Capital Mkts
CACI IntlCACIRBC Capital Mkts
Achillion PharmaACHNMaxim Group
LinnCoLNCORaymond James
ABB LtdABBExane BNP Paribas
Linn EnergyLINERaymond James
A.T. Cross CompanyATXROTH Capital
Tractor SupplyTSCONomura
PfizerPFEStandpoint Research
DaVitaDVARaymond James
Kinross GoldKGCJefferies
GoldcorpGGJefferies
Newmont MiningNEMJefferies
Barrick GoldABXJefferies
TransoceanRIGCitigroup
CME GroupCMERaymond James
Oil StatesOISCowen
Hudson Technologies Inc.HDSNROTH Capital
Linn EnergyLINEJP Morgan
LinnCoLNCOJP Morgan
IlluminaILMNPiper Jaffray
RWE AGRWEOYMorgan Stanley
Wells FargoWFCKeefe Bruyette
Swiss ReSSREY.PKJP Morgan
Munich ReMURGY.PKJP Morgan
Hannover RuckversichHVRRYJP Morgan

Good luck trading today!!

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