Hey folks its a new month and a new day,
The markets have been a little challenging but there are winners out there. It takes a good
eye for setups, an exit and entry plan, patience, discipline and execution to be a winner. Not every trade will be a winner but if you stay disciplined and keep your losing trades small > preferably 1% or less. In the end your winners should come out on top.
Earnings season continues to offer some great opportunities. Breakouts have been more challenging to play because of the choppy market . Intraday bounce plays seem to offer better results.
Morning movers and other stocks that caught my eye
$DRAD Earnings decent daily, $ACAD pr nice daily, $AMPE possible bounce play off 20 day, $$XOMA pr yesterday and nice bounce back, $OCLR pr decent daily, $NQ continuation, $GST nice daily, $OSIR earnings play ,
SOLARS could be in play again off $FSLR earnings
$RSOL, $YGE, $HSOL, $LDK, $CSIQ, $SOL, $CSUN, $SCTY, $JKS , $STRI
Keep an eye on shippers as well
$DRYS $FRO $GNK seem to be active premarket
“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 -0.9% to 14202. Hong Kong +0.2% to 23250. China+0.4% to 2150. India +0.15% to 21197.
In Europe, at midday, London -0.1%. Paris -0.4%. Frankfurt -0.2%.
Futures at 6:20: Dow +0.2%. S&P +0.1%. Nasdaq +0.2%. Crude flat at $96.41. Gold -0.35% to $1318.90.
Ten-year Treasury Yield -1 bps to 2.57%.
In Asia, Japan -0.9% to 14202. Hong Kong +0.2% to 23250. China+0.4% to 2150. India +0.15% to 21197.
In Europe, at midday, London -0.1%. Paris -0.4%. Frankfurt -0.2%.
Futures at 6:20: Dow +0.2%. S&P +0.1%. Nasdaq +0.2%. Crude flat at $96.41. Gold -0.35% to $1318.90.
Ten-year Treasury Yield -1 bps to 2.57%.
Notable earnings before today's open: ACW, ALE, AXL, BPL, BRKR,CBOE, CHD, CVI, CVRR, CVX, GEL, GWR, IPGP, MSG, NCT, NEE, NRF, NVE,OAK, OMG, POR, RUTH, SPR, UAN, UPL,USM, WCG, XLS
Good luck trading today!!
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