Eventually they will get what they are waiting for. However the indices actually don't look all that bad and there are still tons of individual stocks with good looking setups out there.I will be looking for a blow off top where we get some crazy buying and I will be selling into that strength especially in my swing portfolio. I would love to see the markets continue their run but I do see challenges on the horizon.
On the flip side thee emerging markets look pretty interesting and the $EEM is testing its moving averages. Gold, silver, platinum, uranium, oil, coal and steel, all the beaten down sectors, look practically the same. Their are tons of charts that look like they may have found their bottom and could be reversing trend. Caution though> It could also just be a dead cat bounce so I would not fully commit to those sectors but I would definitely consider renting them for the day.
Here is this weeks video watch list
http://www.screencast.com/t/hKKbhWD7qIL
Stocks highlighted in the video are as follows
$YONG trade review, $WLT, $NKTR, $JRCC, $SVNT, $DYNT, $CPSS,$FOE, $SQNM, $MCOX, $AXU, $ASTX, CPE, $FCEL, $PBR,$PDLI, $KERX, $PRAN, $STSI, $EGHT,$NBIX, $QLGC,$SWHC,$SUPN, $BIOL
“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.
$XIN, $ZGNX, $CRWN, $APPY, $SEM, $RMTI, $EMMS, $SGOC, $SGYP, $SIRI, $BEAT, $UPI, $UNIS, $FSS, $MTL, $AKS, $SID, $ZIOP $SGMO, $CVC, $ZIOP, $RIGL, $ RMTI, $EXTR, $CERS, $MGM, $MPEL $SONS, $INVN, $ANR, $CLF,
Morning movers and others stocks that caught my eye
$ONVO S/A article and like the daily, $EXK pos flat top break out, $LDK kinda interesting, $BBRY up for sale> surprise, surprise not really but still worth watchin, $CLDX pr ,$APPY seeking alpha nice daily, $AUDC HOT daily, $NPSP continuation, $TROV hot daily, $APRI keep an eye they have a conference call today daily not bad
Seeking Alpha
Today's Markets:
In Asia, Japan -0.7% to 13519. Hong Kong +2.1% to 22271. China+2.4% to 2101. India +0.8% to 18947.
In Europe, at midday, London -0.4%. Paris -0.4%. Frankfurt -1%.
Futures at 6:20: Dow -0.5%. S&P -0.6%. Nasdaq -0.5%. Crude +0.25%to $106.23. Gold +1.1% to $1326.80.
Good luck trading today !!In Asia, Japan -0.7% to 13519. Hong Kong +2.1% to 22271. China+2.4% to 2101. India +0.8% to 18947.
In Europe, at midday, London -0.4%. Paris -0.4%. Frankfurt -1%.
Futures at 6:20: Dow -0.5%. S&P -0.6%. Nasdaq -0.5%. Crude +0.25%to $106.23. Gold +1.1% to $1326.80.
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