The markets are tricky and in my opinion the action yesterday was not that positive. The Russell, IBB, SP-500 all look tired. Try not to get tricked out of your treats. We could be on the cusp of a needed correction so as always keep your losses small and book your profits when you have them. Don't be SCARED>>>
make sure you scale out into strength as the price rises. Nobody ever goes broke taking profits.
Yesterday was a fantastic day as $OXBT offered me not one, not two, but three opportunities to trade it and I took full advantage of that. It only takes one good stock like that to make your whole week.
Morning movers and other stocks that caught my eye
$OPTT PR thin one nice flag daily , $PRAN continuation, $NVAX, $OWW sector hot possible sympathy play, $SPRT earnings beat nice daily, $SHOR earnings beat, $XOMA pr, $ARRY earnings beat 200 ma bounce, $ORN 20day bounce earings beat, $IQNT earnings beat 50 day bounce ?, $CYTR PR sitting right on moving averages, $ZLTQ earings beat, $ANR earnings, $LIOX earnings beat, $ARTX pr
“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
Seeking Alpha
Today's Markets:
In Asia, Japan -1.2% to 14328. Hong Kong -0.4% to 23206. China -0.8%to 2143. India +0.2% to 21072.
In Europe, at midday, London -0.4%. Paris +0.2%. Frankfurt -0.2%.
Futures at 6:20: Dow -0.2%. S&P -0.1%. Nasdaq -0.45%. Crude flat at $96.81. Gold -1% to $1335.80.
Ten-year Treasury Yield - 3bps to 2.51%.
In Asia, Japan -1.2% to 14328. Hong Kong -0.4% to 23206. China -0.8%to 2143. India +0.2% to 21072.
In Europe, at midday, London -0.4%. Paris +0.2%. Frankfurt -0.2%.
Futures at 6:20: Dow -0.2%. S&P -0.1%. Nasdaq -0.45%. Crude flat at $96.81. Gold -1% to $1335.80.
Ten-year Treasury Yield - 3bps to 2.51%.
Today's economic calendar:
7:30 Challenger Job-Cut Report
8:30 Initial Jobless Claims
9:45 Bloomberg Consumer Comfort Index
9:45 Chicago PMI
10:30 EIA Natural Gas Inventory
3:00 PM USDA Ag. Prices
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
7:30 Challenger Job-Cut Report
8:30 Initial Jobless Claims
9:45 Bloomberg Consumer Comfort Index
9:45 Chicago PMI
10:30 EIA Natural Gas Inventory
3:00 PM USDA Ag. Prices
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
Notable earnings before today's open: AAP, ABC, ABX, ACOR, ALKS,ALU, ANR, ARRY, AVP, AYR, AZN, BEAM, BGCP, BLC, BUD, BYD, CAH, CI,CLX, COP, COR, COT, CRR, DGI, DISCA,EL, EPD, EPL, FCH, FIG, GBX, GTI,GTLS, HAR, HGG, HSH, IDCC, INCY, IQNT, IRDM, IRM, ITC, ITT, IVZ, KEM,LECO, LIOX, LKQ, MA, MGM,MMP, MOD, MPC, MPLX, MSCI, MYL, NI, NIHD,NILE, NMM, NVO, NYT, O, OCN, OSK, PDCE, PNW, PPL, PRGO, PRLB, PWR,Q, RFP, SCG, SFY,SHOO, SMP, SNAK, SNE, STRA, TDC, TE, TEVA, TWC,VICL, VPHM, VRX, WNR, WWE, XOM
Notable earnings after today's close: ADNC, AHS, AIG, AIV, AMRS,ANH, AVD, BBG, BODY, CALD, CPSI, CPT, DCT, DRC, ELLI, FLR, FRT, FSLR,GDOT, HME, HTCH, KOG, LRE, MDU, MHK,MRC, MTZ, NATI, NEM, NU, OHI,ONNN, PDM, PSA, RSG, RWT, SEM, SPF, SSNC, SWN, TLAB, TRMB, WRI
Good luck trading today !!
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