Wednesday, August 7, 2013

Another boring day!

Hey folks today was really uneventful I literally took one trade in $PXLW which was a bad entry and I eventually conceded my position after it failed to show any kind of promise. So congrats to the shorts that won the day in that trade. I was able to scale out more $SGOC as it spiked over the 3 dolla holla but other than that I was bored out of my flippin mind! I hate it when we have days with no clear direction. There is no follow through in either direction short or long. I am sure there were some good plays out there but I was just late to the party on most like $DGIT which I have no excuse for missing it since I had it on my watch. I just chose the wrong horse to follow off of the open.That is just the way it goes sometimes.

Here is today's video watch list
http://www.screencast.com/t/SgQ0KFMQ
“Carry overs” are stocks that I have featured in prior videos, have on my alert list or tagged on my morning mover lists that still have a potential setup working or developing on the chart that may be actionable. They are still on my radar and I am either already in with a swing or I am looking to enter on a breakout. I am also looking for the setup to breakdown at which point it will discard it from my hot watch list. If I am already in it with a swing I am looking for a place to scale out or exit the trade and on rare occasions I may be adding to my position. Typically I like to sell into strength.

$HBIO, $SNTA, $RSH, $DRWI, $COOL, $REGI, $AXAS, $DSCO, $AVL, RIGL, $ONP, $SURG 

Morning movers and stocks that caught my eye
$XIN earnings pr 5 dolla holla daily not bad, $GRPN of course I would not chase though, $ALSK daily not bad, $KERX pr, $FCX interesting active this morning, $GTN earnings raised guidance, $HILL earnings thin name, 
Seeking Alpha
Today's Markets:
In Asia, Japan -1.6% to 13606. Hong Kong +0.3% to 21656. China-0.1% to 2045. India +0.7% to 18,789.
In Europe, at midday, London +0.3%. Paris +0.3%. Frankfurt +0.3%.
Futures at 6:20: Dow +0.2%. S&P +0.2%. Nasdaq +0.3%. Crude -0.2%to $104.19. Gold +0.2% to $1288.
Notable earnings before today's open: AAPAECAINVAMCXAMRC,APOAWRBCEBCRXBEAMBRCBBCDECNQCNSLCQBCSIQ,CTBDFDNDNFCNFNPFSYSFUNFWLTFWMGBDCGLDDGLP,GTNHLHSHIQNTIRCKIORLAMRLINEMFCMPWNGPCNVAX,NVOOGEOWWPMTRGLDSNISPHSRPTSSYSSWCTHITK,TMUSVCWACWIN
Notable earnings after today's close: AGOAIRMALALNYAMRS,ANACASYSATLSAUQBCEIBNNYBRKSCFNCLNECPEDAR,DATADVELONELXFFFXENGERNGXPIPXLKTOSLGFMCP,MDRXMDVNMIDDMNSTMRGENDLSNESNFGNOGNPSPNVDA,OLEDONXXPCLNPDLIRAXRICKRNDYSAASSFSHORSLXP,UBNTUNXLYOKUZGNX
Good luck trading today !

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