Friday, August 23, 2013

Wait for it!

Nasdaq had some technical difficulties yesterday which made the day crawl by as I waited for it to reopen. I had to do it since I was in the middle of a day trade with $HZNP but its a darn good thing I did stay glued to the computer because right near the end of day I had  nice pop in $HZNP and $MHR. I scaled out of both and took a little home with me. Hopefully we won't have any issues today and we are able to trade without interruption but I would be careful with position sizes , shorts and use of margin until there is a clearer indication that there won't be any more glitches in the system.

Morning movers and others on my radar
$SONS PR,  $RENN pr,  $HZNP red to green , $GURE kinda hot daily, $ARAY like the daily, $MXWL nice flag daily, $KEG possible flat top breakout, $CLF bounce off the 20 day, $LEE continuation 

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.
$EMMS, $END, $JRCC $AUDC, $HIMX, $GST, $GALE, $END, $MACK, $PIP $OREX, $ZHNE, $KTOS , $NCIT, $YONG, $PRMW, $MTL, $PTIE, $STXS, $PTIX   $BEAT, $OPK, $MHR

Seeking Alpha 
Today's Markets:
In Asia, Japan +2.2% to 13661. Hong Kong -0.1% to 21864. China-0.5% to 2057. India +1.1% to 18,519.
In Europe, at midday, London +0.2%. Paris -0.5%. Frankfurt flat.
Futures at 6:20: Dow -0.1%. S&P -0.1%. Nasdaq flat. Crude +0.2% to $105.22. Gold +0.3% to $1374.90.
Today's economic calendar:
10:00 New Home Sales
Notable earnings before today's open: ANNFLHIBB
Good luck trading today !!

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