Tuesday, November 5, 2013

Good start to the week

Hey folks,
It was a good start to the week as I took a couple day trades in one stock.
 $OXBT showed tremendous strength on good volume yesterday. The shorts are drooling at the chance to nail it and hammer it down and my guess is that could happen today, as it is getting overextended on the daily and nothing goes straight up. I took it almost right @ the open which allowed me to scale out and book profits early. Then I held some lotto shares and I let those run until we had some real resistance at the 5 dollar mark. Then we flagged there for a bit and I decided to hop back in for a 5 dolla holla break. I scalped it for another quick day trade and when it couldn't take out its hod and stay there I sold all my shares. That was the only stock I played for a day trade yesterday. 
I also took a starter swing position in $EXTR off their earnings report @ 6.14 I will be looking to add to that long term hold on weakness.

Morning movers and other stocks that caught my eye

$RCON pr nice daily can be a pop n flopper careful, $ADXS continuation from yesterday, $CYTX pr gapper , $KERX pr , $GTAT earnings gapper, $ACUR earnings can be a pop n flopper, $SUNE active premarket earning in tomorrow morning though, $WAVX pr very thin careful testing moving averages, $RIGL earnings possible snap back play, $COCO earnings look at $CECO as a possible sympathy play, $RBCN earnings 200 day bounce

 Be careful with gappers do not just buy it on the open, let it set up and try to get it on a pull back to some sort of support. If it can't hold that support do not hesitate to bail no matter how good you may think the news is

 “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

 $PRTS, $MEET, QTWW, $RAD, $ROIAK, $BTX, $LEDS, $RVLT, $RSOL, $CLSN, $ANR, $HSOL, $CRY, $GALE, $ZLTQ, $SPEX, $TASR, $SOCL, $KERX, $OPK, $EXTR, $ZHNE,   $MGM, $MPEL 
 
Seeking Alpha
Today's Markets:
In Asia, Japan +0.2% to 14225. Hong Kong -0.7% to 23039. China+0.35% to 2157. India -1.25% to 20975.
In Europe, at midday, London -0.6%. Paris -0.4%. Frankfurt -0.4%.
Futures at 6:20: Dow -0.3%. S&P -0.3%. Nasdaq -0.3%. Crude -0.3%to $94.37. Gold -0.3% to $1310.90.
Ten-year Treasury Yield +1 bps to 2.62%.
Notable earnings before today's open: AFSIAKRXAMEDAMGAOL,ARCCARCOASHBCRXBDXBPICCCCHTRCOCOCTSHCVSD,DLPHDNRDTVDWREDX,DXMEMRENREXHEXLPEXPDFEGLDD,GTIVHCAHCNHLHPTHSICHSTHWICEIFFISISKORSKWK,LBTYALPXMITTMNTA,MOSMPELMPWNNNNTLSNXSTODP,OMXOWWOXFOZMPMCPQRDCREGNRENRHPRIGLRRDRRGB,SRETGHTMUSTRGT,TRPVSIXPOZBRAZINCZTS
Notable earnings after today's close: ACASAGUANVAPEIASIA,AXLLBCORBLMNBMRCBLCHRWCKECCTRPCWTDEPODOX,DPMDVAENPHEOXEPRETEETPFNGNFOSL,FOXAFTRFURX,GEVOGHDXGIVNGPORGTYHAINIAGIMPVININJAZZJCOM,JKHYKARKNDLLNWLXULYVMCEPMEDMELIMIDDMKTGMSPD,MYGNNRPNYMTOKEOKSOPENORAPZZAQEPQUADREGI,REXXRGPRGRSALESAPESDSGENSREVSSRISSSSXLSYNC,SZYMTNGO,TSLATWOURSVCLKVRSKVVUSWWWWZZAGG

Good luck trading today !!

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