Tuesday, August 20, 2013

No need to rush

Take it slow!
Hey folks another uneventful day for me just played a couple of day trades in $SCON for a small profit and another in $PTIX that I actually took home with me. I also sold some more shares out of my swing portfolio building cash. There is no need to try and make something happen in this type of market. I am very comfortable sitting on the sidelines waiting for that perfect setup or unexpected news event that could send a stock on a good run.
Today's video watch list
http://www.screencast.com/t/6755mmJHEtAp
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.
$PTIE,$DRRX,$SQNS$LIVE, $KONG, $ARWR,$CMLS,$NOAH, $MXWL, $PSTI, $INSM,$MHR,$LFVN,$ZHNE,$LEDR,$FNSR,$HILL,$EXEL, $III, $COWN, $FST,STXS, $PRXI, $TCX,$MOBI, $BONE, $AFFY,   $PTIX 

Stocks highlighted in the swing video
$NTSC, $TASR, $VRNG,$AMRN, $PGTI,GGB,$RKUS,$CUR,$AMPE,$LYV, $NCIT,SANW,$MPEL,$CY,$BAC, $MGM, $SIRI, $SWHC, $ZIXI, $MTL, PBR, MNKD, $NTWK,

Morning movers and other stocks on my radar 
$CLSN PR , $ROYL careful its a pop n flopper, $TASR pr getting extended be careful , $GALE pr testing all its moving averages, $MHR pr, $ALSK hot daily, $BEAT gettin a little jiggy  premarket, $OCZ pr daytrade bounce play possible,$HIMX. $DRYS,       

Seeking Alpha
Today's Markets:
In Asia, Japan +0.2% to 13424. Hong Kong -0.7% to 21818. China flat at 2073. India -1.9% to 17906.
In Europe, at midday, London -0.7%. Paris flat. Frankfurt -0.3%.
Futures at 6:20: Dow -0.3%. S&P -0.3%. Nasdaq -0.3%. Crude -0.3%to $104.83. Gold -0.9% to $1360.80.
Today's economic calendar:
7:00 MBA Mortgage Applications
10:00 Existing Home Sales
10:30 EIA Petroleum Inventories
2:00 PM FOMC minutes
Notable earnings before today's open: AEOEVEXXILOWMSG,PETMSJMSPLS,TGTTOL
Notable earnings after today's close: AFCEHAINHPQLTDSB,SNPSVVTV

Good luck trading today !

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