Good morning folks,
That was quite a ride let me tell ya, I wouldn't wish that on my worst enemy. Glad its over and ready to get back in the game.
Yesterday was actually a decent day trading I had two winners and two losers. $IPCI and $IDRA were both my losers, $CNDO and $ICLD were my winners. Keeping the losses small and scaling out profits on the way up made it a nice day.
There were plenty of good plays out there as shippers took off $FREE $EGLE $NEWL $DRYS were all in play. Look for potential continuation today. It appears as thought the beaten down sectors over the last several years are starting to get some love like commodities, shippers $AKS, $SID, $X, $AA, $NOR have also been strong. I am not suggesting to run out and blindly load up however I would suggest keeping an eye on the sectors. One of my personal favorites for a swing is $NCQ.
The markets look like they may grind up till the end of the year as the Santa Clause rally continues. This won't last forever so be prepared for some sort of pullback and make sure you are locking in some profits.
Morning movers and other stocks that caught my eye
$GOGO active premarket, $GNK, EGLE, $DRYS, $FREE, $NEWL continuation plays don't chase the open, $ONVO like the daily trying to crack the 20 day, $WPCS pr its a wild one I know be careful, $ANIP hot daily pr nice flag break, $CNDO continuation,$RIBT very thin bottom bounce potential, $WYY like the daily and the story already swinging the name looking to add, $JRJC 5 dolla holla
Seeking Alpha
Today's Markets:
In Asia, Japan flat at 16179. Hong Kong +0.3% to 23243. China +1.4%to 2101. India +0.6% to 21194.
In Europe, at midday, London +0.6%. Paris +1%. Frankfurt +0.8%.
Futures at 6:20: Dow flat. S&P -0.1%. Nasdaq -0.1%. Crude -0.05% to $99.50. Gold -0.2% to $1210.40.
Ten-year Treasury Yield flat at 2.99%.
In Asia, Japan flat at 16179. Hong Kong +0.3% to 23243. China +1.4%to 2101. India +0.6% to 21194.
In Europe, at midday, London +0.6%. Paris +1%. Frankfurt +0.8%.
Futures at 6:20: Dow flat. S&P -0.1%. Nasdaq -0.1%. Crude -0.05% to $99.50. Gold -0.2% to $1210.40.
Ten-year Treasury Yield flat at 2.99%.
“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
$CYTK, $END, $EXTR, $IMMU, $LIOX, $MNKD, $STXS, $ORMP, $AMRN, $CVCY, $AVNR, $IVAN, $CORT, $OTIV, $FXEN, $TCX, $CGIX,$OSIR,$CPE, $LTS, $NURO, $DVR, $XOMA, $SGMO, $ADAT, $NAT, $NVAX, $CNIT, $SSH, $AVID, $ACLS, $OCLR, $BONA, $PLXW, $TPCS, $GLUU, $SPCB, $ARIA
Starting something new
I will be doing videos for Swing positions both current and for stocks that are on my radar. These are often higher priced stocks with really sweet looking setups. These videos will be posted each weekend in @Noanettraders "trader education for members." Noanet is an excellent trader and he has a fantastic service where you can sign up for a free 5 day trial. If you haven't already, go by and check it out and this is where you will find my swing videos. http://www.noanettrader.com/
I have a fairly large list of swing potentials this week.
Good luck Trading !!
No comments:
Post a Comment