It only takes one

Good morning folks,

It only takes one good trade to make your week. In a market like this it can pay to be patient and wait for your ideal setup to play out. I took a few day trades yesterday One in $SPEX which was a great fast trade first thing off the open, unfortunately there is a lot of supply of people that got stuck in that name from its last pop so the momentum faded. However, it was still a nice trade. 

Then I took positions in $DNDN and $IPCI. $DNDN wound up being a 10 cent scalp as it couldn't seem to cross the three dolla holla with conviction. $IPCI was the clear winner I watched it all day and after its morning pop it held strong. The float is very small the volume was huge and I had a strong feeling it was not done for the day. I watched the five minute, volume started to pick up and I nailed it. I scaled out as we took out the 4 dolla holla and then scaled out more as we hit the 5 dolla holla. $IPCI clearly was the big winner for the day and looks like it could continue this morning. I have some lotto shares that I held onto and I will look to sell those into strength.

Today could continue to be challenging as we have a lot of data coming out and the Fed 
minutes so tread carefully, be patient wait for your setup and keep losses small. If they don't pan out >Protect your capital!!

One side note, over the last few days $NWBO was on a great run and I took advantage of that strength in both day trades and a small swing of lottos. In Noanet traders room, I shared with the room that this was a company in need of cash so if they had taken the trade make sure they book profits into strength and only hold a small position of lottos. Last night $NWBO issued shares and did a capital raise I sold my lotto shares last night after market and still made a couple hundred bucks on the shares.  


Morning movers and other stocks that caught my eye 

$INO pr nice daily good momo name, $DNDN still stalking for break over 3 dolla holl with conviction, $HNR pr street seems to like it possible bounce play, $SGOC having a huge move off SA article could continue but earnings are tonight so be careful, $SCON started to get jiggy yesterday into the close, $UNIS pr could really get jiggy over 3.25 but its a hated stock so be careful , $JCP pr crossin the 50 day premarket could tes the 10 dolla holla , $NQ active premarket but you have to be quick

Seeking Alpha

Today's Markets:
In Asia, Japan -0.3% to 15076. Hong Kong +0.2% to 23701. China+0.6% to 2207. India -1.2% to 20635.
In Europe, at midday, London -0.5%. Paris -0.3%. Frankfurt -0.3%.
Futures at 6:20: Dow -0.1%. S&P -0.15%. Nasdaq -0.1%. Crude +0.1%to $93.45. Gold -0.2% to $1270.80.
Ten-year Treasury Yield +2 bps to 2.73%.

Today's economic calendar:
7:00 MBA Mortgage Applications
8:30 Consumer Price Index
8:30 Retail Sales
10:00 Business Inventories
10:00 Existing Home Sales
10:30 EIA Petroleum Inventories
12:10 PM Fed's Bullard: U.S. Economic and Monetary Policy
2:00 PM FOMC minutes

Notable earnings before today's open: ADT, DE, JCP, LOW, SJM, SPLS

Notable earnings after today's close: BV, GMCR, JACK, LTD, POST,VVTV, WSM

 “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
$ETRM, $NSPH, $MRGE, $III, $ANR, $SSNI, $BLOX, $BCOV, $CYTK, $OPK, $GNVC, $XON, $CORT, $REFR, $OPXA, $ZHNE, $SPEX, $SGOC, $RAD, $DSCO, $DSS, $END, $ETRM, $EXTR,$OTIV, $PRAN, $ONCY. $CXM, $VRNG, $INO, $RMTI,NQ,$OXBT,
$NEON, $INFI, $SHOR, $ONTY,$IPI, $USEG, $SPPI. $IDIX, $DXM, $PEIX, $WYY, $MLNX, $TROV, $AXU, $SCON, $OXGN, $PLM, $OCLR, $PACR, $VNET, $KIOR, $ELON, $JCP, $AMAT, $OGEN, $ARWR, $STXS, $CUR, CY

Good luck trading today!!!