Saturday, August 24, 2013

Not quite a bear yet

Hey folks
Hope you are having a great weekend. So it looks like the bears have to wait t a little longer before they get what they want. After piercing the 50 day in the Russell 2000 and the SP500 we have reclaimed it in both indexes and it looks like we could have a decent week next week. Don't be fooled,we are still coming up on the historically worst performing months for the markets so I suggest you remain cautious. However,  it doesn't mean we can't  take advantage of this nice bounce we are experiencing.
This weeks video watch
http://www.screencast.com/t/4dER9chE

Carry Overs  
“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.
$BV, $MXWL,$ENPH, $FXEN, $END, $III $IMMU, 

Current swings I am holding
$AXAS, $ASTX lotto shares, $AFFY lotto shares, $VRNG, $KTOS, $NCIT, $HBIO $MGM, $TASR lotto shares, $OPXA starter, $SUPN, $SIRI, $PIP, $HZNP lotto, $MHR lotto, $MTL starter, $GEVO starter, $OTIV, $CUR, $CTIX, $MEET, $VPCO,

Morning movers and others that caught my eye
$AVNR pr 5 dolla holla ,  $CLF, $JRCC $FCX, $FST hot daily , $SONS pr possible continuation, $RGDX pr thin name, $ANR, $UEPS would like a red to green move,   


Seeking Alpha
Today's Markets:
In Asia, Japan -0.2% to 13636. Hong Kong +0.7% to 22005. China+1.9% to 2096. India +0.2% to 18558.
In Europe, at midday, London closed. Paris -0.6%. Frankfurt -0.3%.
Futures at 6:20: Dow -0.1%. S&P -0.1%. Nasdaq flat. Crude flat at $106.41. Gold -0.1% to $1395.
Today's economic calendar:
8:30 Durable Goods
10:30 Dallas Fed Manufacturing Outlook
Notable earnings before today's open: QIHU
Good luck trading today !

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