Tuesday, August 6, 2013

I love to swing!

What can I say? Today just started out on a good note and got better as the day went on. $MGM has been a great long term hold as well as a good swing through earnings. They reported before the market open and beat guidance. I sold out of some of my swig position that I took yesterday. It closed over 16.80 which has been a 5 year price resistance area. I look for $MGM to continue but it may need to pull back and close the gap before it makes its real run up. Either way I am happy to own a long term position as well as trade it on a short term basis. I took a quick trade in $NEON off of pr which I did well in and I scaled out of another swing I was holding from 1.79 $SGOC @2.35 and 2.50 I am still holding some lotto shares. I took a flat trade in $DYNT as it proved to be one thin name that just couldn't keep running. At the end of the day I took a quick trade in $EBIX that I should have probably held some of since it just kept on running after I sold.
Here is today's video watch list
http://www.screencast.com/t/Ro6XiaxAh+

$VRNG my thoughts , $DGIT, $OCZ, $LYV, $SVA, RSH, TROV, $FNSR, $LEDS, $COOL

"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.
$REGI, $DSCO, $SURG, $QTM, $ONP, $DWRI, $AXAS, $AVL, $RIGL,

Morning movers and other stocks that caught my eye,
$SID pr decent daily, $OPXA  don't know why its poppin, $DSS pr yesterday may have found a bottom, $MPEL earnings 52 week highs, $HIMX seems to be on a lot of radars bounced off 20ma,  $BEAT has been flaggin after its pop,  $NBS been on my radar for days 
Seeking Alpha
Today's Markets:
In Asia, Japan -4% to 13825. Hong Kong -1.5% to 21589. China -0.7%to 2047. India -0.4%.
In Europe, at midday, London -0.9%. Paris -0.2%. Frankfurt -0.7%.
Futures at 6:20: Dow -0.45%. S&P -0.45%. Nasdaq -0.3%. Crude+0.15% to $105.46. Gold -0.5% to $1275.40.
Notable earnings before today's open: AMEAMSCAOLARIAAVA,AVTCLHCRZOCWHDUKDVNEZCHFXCMGEOGOLDHFCHII,KCGLXPMITTMMCMOLXMPELNAVBNCTNICENWNPOMRL,SBGISCLNSMPSUNETTITWXVOYAVRXWCGWRESXECYRCW
Notable earnings after today's close: AGUARRSARRYASIAAWK,BIOLBIOSBKDBPZBWCCECOCLRCODICTLCXOCXWDEPO,DKDMDDRYSDVRDXCMEDMCEGLEENSETEETPEXPFIO,FTEKFTKFTRGMCRGNMKGRPNGTYHALOHNSNIOJACKJCOM,LLNWMBIMDLZMKLMNTXMRINMWENGVCNRPNVTLOILT,OSURPKTPODDPOWRPPOPRUPRXLPVARBCNRGPRIGRLD,RSTRWTSCTYSGISNSSRISTECSXLSZYMTCAPTNGOTSLA,TTEKTWTCUHALWGLWRWTI
Good luck trading today!




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