Yesterday was good but it could have been much better. I had a swing in $ECTE which a\started the day off on a very good note. I then took a day trade in $ECTE at the 200 day moving average of 4.22. That seemed to hold most of the morning and it had a nice pop that I scaled out half of but then I was stopped out flat on the second half of my day trade. I took it again below 4 @ 3.90 for a scalp and I was only able to snag 5 cents. Then right near the end of day I was ready to pounce once more but because it was so late in the day I decided not to take the trade and of course I should have because it closed nearly back at the High of day. All day long I was looking for the 5 dolla holla and it did hit it yesterday but not until after the close. The good news is I still hold half my swing position so I will get my 5 dollars after all.
Its very choppy out there so don't force any trades and keep your losses small.
Have A Happy Healthy Thanksgiving folks be safe, sane and Have fun.
Morning movers and other stocks that caught my eye
$ELTK pr hard to chase it but I will be looking for an intraday setup, $NURO active premarket, $ECTE continuation, $SCON seems to be grinding higher, $ZLCS follow through from yesterday?, $CHTP really looks like it wants the 4 dolla holla
“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
$ZLTQ, $USU, $DRRX, $MERU, $IDRA, $STXS, OFIX, $OVRL, LIOX, $MPAA, PRTS,$SBOTF, $OMCL, $BBRY, $AMPE, $ONCY, $HZO, $ATRM, $PVG, $PTIX, $GST, $GRO, $ROX, $PACB, $ZGNX, $KGJI, $RNA, $OESX, $SFXE, $TGS,
$DSCO, $SVU, $QTWW, $UNIS, $SCON, $DXLG, $ROSG, $GALE, $KNDI, $NAVB. $IMMU,$CTYR, $NBY, $GPT, $GEVO, $DVAX, $ALDW, $MEA, $CERS, $VRNG, URRE, $PRAN, MHR, $ETAK,$TASR, $IMMU $EXTR, $ONVO, $TASR, $ARIA
Potential swings and recent starters
$JBLU, RAD, $SIRI, $AMD, $HLS, $ASX, $ALU, $NOK, $CGEN, $FSS, $SMCI, CY, $GRPN
Today's Markets:
In Asia, Japan -0.4% to 15450. Hong Kong +0.5% to 23806. China+0.8% to 2201. India flat at 20420.
In Europe, at midday, London +0.1%. Paris +0.2%. Frankfurt +0.2%.
Futures at 6:20: Dow +0.1%. S&P +0.1%. Nasdaq +0.1%. Crude -0.4%to $93.29. Gold +0.8% to $1251.40.
Ten-year Treasury Yield +1 bps at 2.73%.
In Asia, Japan -0.4% to 15450. Hong Kong +0.5% to 23806. China+0.8% to 2201. India flat at 20420.
In Europe, at midday, London +0.1%. Paris +0.2%. Frankfurt +0.2%.
Futures at 6:20: Dow +0.1%. S&P +0.1%. Nasdaq +0.1%. Crude -0.4%to $93.29. Gold +0.8% to $1251.40.
Ten-year Treasury Yield +1 bps at 2.73%.
Today's economic calendar:
7:00 MBA Mortgage Applications
8:30 Durable Goods
8:30 Initial Jobless Claims
8:30 Chicago Fed National Activity Index
9:45 Chicago PMI
9:45 Bloomberg Consumer Comfort Index
9:55 Reuters/UofM Consumer Sentiment
10:00 Leading Indicators
10:30 EIA Petroleum Inventories
12:00 PM EIA Natural Gas Inventory
1:00 PM Results of $29B, 7-Year Note Auction
3:00 PM USDA Ag. Prices
7:00 MBA Mortgage Applications
8:30 Durable Goods
8:30 Initial Jobless Claims
8:30 Chicago Fed National Activity Index
9:45 Chicago PMI
9:45 Bloomberg Consumer Comfort Index
9:55 Reuters/UofM Consumer Sentiment
10:00 Leading Indicators
10:30 EIA Petroleum Inventories
12:00 PM EIA Natural Gas Inventory
1:00 PM Results of $29B, 7-Year Note Auction
3:00 PM USDA Ag. Prices
Notable earnings before today's open: FRO
Notable earnings after today's close: RENN
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