So I was watching a video this weekend and this guy was talking about the markets and how he thought they were going to be strong this week something about a Santa Clause rally. Can you believe this guy?? What a moron!!!
Wait a Minute?
Hold on ??
That was my video!
The first two days of this week are the hardest I have experienced in quite some time.
Monday, I was able to squeeze out a green day but that didn't happen till the very end of the day. Yesterday was my first RED day in quite some time.
There were two things that told me it was going to be a challenging day.
I knew it was going to be a bad day when I saw Solar's getting jiggy. I have some kind of phobia when it comes to solar names. Probably having something to do with gettin my BUTT kicked by Solar's early on in my day trading education a couple years ago. The other one was $BGMD it is one of my Devil stocks so I avoided it as well. In retrospect it wasn't very bright. Instead of playing what was in front of me I was trying to make things happen elsewhere.
By no means was it a catastrophic day, I reduced the size of my trades and I kept a tight leash on them with my mental stops. The Market has a way of making me look like a fool at times. I view that as a good thing,it keeps me humble and makes me strive to be better. I know where I went wrong yesterday and I will make the corrections today. If I don't feel it> I won't trade, its that simple.
For the record I still think we get that rally its just taking longer than I expected.
Morning movers and other stocks that caught my eye
$ECTE pr 50 and 20 ema bounce, $SPPI Pr nice daily can be a pop and flopper big short position, $OCLS seems to be basing, $HSOL pr and possible 200 day bounce, $CYTR pr active premarket,
$VISN active premarket, $ICLD like the daily, $HIMX was very strong yesterday could continue great daily, $RNN penny play PR , $AUDC seeking Alpha 7 dolla holla, $FREE pr, $NSTG pr new IPO and New 52 week highs on deck $ZNGA continuation?
“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
$ICLD, $OIBR, $HXM, $LEI, $CECE, $OGEN, $EVC, $ALJ, $ONCY, $ETAK, $$ARTX, $PGNX, $GERN, $GURE, $PME, TNXP, $GTN, CBET, $NIHD, $DVR, $MITK, $EBR. FCEL, LIQT, $LTS, $ENZN $ATOS, $UQM, $DEPO, $NEO, $DSCO, $ADXS, $UIHC, $IDIX, $CYTK, $MNKD, $RSYS, $LOJN, $CBR, $AMCF, $BORN, $ICAD, $TRIT, $PRIS, $VISN, $AUXL, $CREG, $CRDS, $EGY, $QUIK, $GFIG, $ZHNE, $LRAD, $KNDI, $OPK, $MLNK
$OTIV
Today's Markets:
In Asia, Japan -0.6% to 15515. Hong Kong -1.7% to 23338. China -1.5%at 2204. India -0.4% at 21171.
In Europe, at midday, London +0.1%. Paris +0.7%. Frankfurt +0.1%.
Futures at 6:20: Dow -0.1%. S&P -0.1%. Nasdaq -0.1%. Crude flat at $98.54. Gold -0.5% to $1254.50.
Ten-year Treasury Yield flat at 2.81%.
In Asia, Japan -0.6% to 15515. Hong Kong -1.7% to 23338. China -1.5%at 2204. India -0.4% at 21171.
In Europe, at midday, London +0.1%. Paris +0.7%. Frankfurt +0.1%.
Futures at 6:20: Dow -0.1%. S&P -0.1%. Nasdaq -0.1%. Crude flat at $98.54. Gold -0.5% to $1254.50.
Ten-year Treasury Yield flat at 2.81%.
Today's economic calendar:
7:00 MBA Mortgage Applications
10:30 EIA Petroleum Inventories
1:00 PM Results of $21B, 10-Year Bond Auction
2:00 PM Treasury Budget
7:00 MBA Mortgage Applications
10:30 EIA Petroleum Inventories
1:00 PM Results of $21B, 10-Year Bond Auction
2:00 PM Treasury Budget
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/
Good luck Trading today !!
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