Monday, September 2, 2013

Guilty till proven innocent!

Hey folks,
Here is this weeks video watch list. Hope you had a nice relaxing weekend and had some fun as well. 
Markets are looking challenged and basically guilty till proven innocent. There are still some stocks out there that have some decent looking setups and if we get some bounce in the markets they could present some nice trade opportunities. I would continue to limit your position sizes and swings for now as there could be more weakness ahead. Take profits quickly and keep losses small. 

Today's Link

http://www.screencast.com/t/kXakNso2P7j

Stocks highlighted in the video along with the thing I HATE most!!
$HXM, $GTXI, $III, $KIPS, $INVN, $ONVO, $DVAX, $KNDI, $COT, $WIN,$HALO, $CALD. $KWK, $NEON, $IPI, $FENG, $APPY, $YPF, $ZIOP, $DYAX, $ANAC, $HZNP, $RMTI, $SGOC
$SANW $ITG

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.
$BEAT, $DSS, $FCEL, GALE, $MHR, $NVAX, $ARAY, $SONS, $CTIC, $SGYP, $IRWD, $LEE,$BBRY,$DEPO, $MITK, $RKUS, $MGM,$OPX, $GALT,$ANFI, $SWHC, $TASR,$TRQ, $FST,$MEET, $RAD,$AVEO, $KNDI, $PGH, $SQNM, $CERS, $MPEL, $CAMP, $GTAT, $CNDO, $ZHNE

Morning movers and other stocks that caught my eye

$NEON pr, $ANR $JRCC WLT $CLF all up premarket probably off China data,$KTOS pr, $ZIXI pr, $AVNR pr ,$GALE pr, $MGM pr


Seeking Alpha
Today's Markets:
In Asia, Japan +3% to 13978. Hong Kong +1% to 22395. China +1.2% to 2123. India -3.45% to 18235.
In Europe, at midday, London -0.3%. Paris -0.4%. Frankfurt -0.7%.
Futures at 6:20: Dow +0.6%. S&P +0.8%. Nasdaq +0.6%. Crude -0.4%to $107.20. Gold -0.1% to $1394.30.
Today's economic calendar:
9:00 PMI Manufacturing Index
10:00 ISM Manufacturing Index
10:00 Construction Spending
Notable earnings after today's close: GWREHRBPIKESIGM
Good luck trading today !

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