Determination

Good morning folks,
Yesterday was a good day for me, they weren't home runs but they were solid base hits. $OTIV and $ANAD were both good to me and they could also be potential continuation plays today.

The market had a nice little bounce yesterday and it will be interesting to see what we do today. It think its going to be a bit like riding one of those really fun, sometimes scary but always exciting roller coasters. As earnings season begins our focus should be on finding those stocks where the companies are reporting better than expected earnings and raising guidance. 

When you come across one don't just blindly jump in it. Check out the chart, did the stock run before earnings? Is the news already priced in? Where would be the ideal place for you to enter? At what price is the risk reward ratio more in your favor?

Remember one good quarter is not that big of a deal and odds are its already priced into the stock. Stocks get a real boost when the company feels comfortable enough to raise guidance or they disclose some other circumstance that surprises. That is often where you get a "real" pop because it was an unanticipated event. Beware of fluff and recognize substance. 


Morning movers and other stocks that caught my eye

$ICLD nice daily active premarket, $CHTP news after the market close already up big let it settle, $DTLK earnings raised guidance low float don't chase let it setup, $STXS 5 dolla holla?? continuation play, $DSCO still falggin daily, $KOPN daily not bad thin one Pr, $BAC earnings, $SNGX pr thin one interesting daily, $ENPH earnings and raised guidance 8 dolla holla on deck ,$ATRS 5 dolla holla and pr, $IPI love the daily, $AUDC hot daily, $RVBD earnings hot daily nice flag 20 dolla holla on deck 




Seeking Alpha

Today's Markets:
In Asia, Japan +2.5% to 15809. Hong Kong +0.5% to 22902. China -0.2% to 2023. India +1.2% to 21289.
In Europe, at midday, London +0.3%. Paris +0.5%. Frankfurt +1%.
Futures at 6:20: Dow +0.2%. S&P +0.2%. Nasdaq +0.35%. Crude +0.25% to $92.82. Gold -0.6% to $1237.50.
Ten-year Treasury Yield +1 bps to 2.88%

Today's economic calendar:
7:00 MBA Mortgage Applications
8:30 Producer Price Index
8:30 Empire State Mfg Survey
10:30 EIA Petroleum Inventories
2:00 PM Fed's Beige Book

Notable earnings before today's open: BAC, FAST

Notable earnings after today's close: CSX, EPB, KMI, KMP, PLXS

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Good luck trading today !!