Tuesday, August 27, 2013

Stubborn Bear

This is an office Prank ! Pretty funny if you ask me! 

Yesterday started out green but the bears are stubborn and the markets wound up closing in the red. We appear to be looking at a red open this morning. There were still some great plays out there you just have to be quick. As I have stated before it never hurts to book a little profit and I would be reducing size positions as well as swings as we move into September.

Morning movers and stocks that caught my eye

$CPRX pr,   $ANFI pr earnings recent IPO, $SGMO decent daily, $CIMT red to green continuation?, $EMMS still looks hot , $MXWL hot daily, $KONG pr hot daily,  $KWK hot daily can be a pop and flopper though, $CCCR pr gapper 

"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.
$MTL, $SIRI, $KTOS , $MGM, $CHTP $VRNG , $GURE, $PIP, $AXAS, $ASTX, $IMMU, $IQNT, $GALE $GEVO , $CHTP, $OPXA, $ARAY earnings are tonight 
$END, $AFFY , $SUPN, $MNKD
Seeking Alpha 
Today's Markets:
In Asia, Japan -0.7% to 13542. Hong Kong -0.6% to 21875. China+0.3% to 2104. India -3.2% to 17968.
In Europe, at midday, London -0.7%. Paris -1.3%. Frankfurt -1.4%.
Futures at 6:20: Dow -0.5%. S&P -0.5%. Nasdaq -0.5%. Crude +0.9%to $106.90. Gold +1.3% to $1410.90.
Notable earnings before today's open: BMOBNSBWSDCIDSW,LDKTIF
Notable earnings after today's close: ARAYAVAVAVGOHEITIVO,WDAYWMSWTSL
 Good luck trading today!!

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