Thursday, December 26, 2013

Never a dull moment



Good morning folks, 

I hope everyone had a much better Holiday than I did. I was given the gift of trying to pass a kidney stone so I was out of commission all day. Let me tell you that was not Fun!



 I am still a little under the weather so I am not sure how long I will be trading if at all today. 
Should be a light volume day so it may also be a little choppy lacking any follow through on breakouts. 

Morning movers and other stocks that caught my eye
$ARIA continuation, $GOGO 5ma bounce, $SPCB very thin looks like it wants to crack 5 dolla holla but I would not chase it , $DVAX 2 dolla holla with conviction? , $WLT daily looks hot, $EXTR nice close on Tues daily looks solid  


Seeking Alpha
Today's Markets:
In Asia, Japan +1% to 16174. Hong Kong closed. China -1.6% to 2073. India +0.2% to 21075.
In Europe: London, Paris, Frankfurt closed.
Futures at 6:20: Dow +0.8%. S&P +0.6%. Nasdaq +0.4%. Crude flat at $99.23. Gold+0.25% to $1206.49. 
4:30 PM Fed Balance Sheet
“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 
 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 !!