Thursday, January 16, 2014

Learn to Adapt!

Good morning folks, 
Two fairly strong days in the market, one of the keys to success is being able to adapt. The market is dynamic and it continually makes me look foolish as it tends to do exactly the opposite of what I anticipated. That never phases me because all I have to do is adapt to what is happening in front of me not what I think should be happening. 

Looks like we will be getting lots of economic data today which could make for a an exciting ride.
Yesterday was tremendous with nice trades in $TC, $STXS, $OTIV, $PACB, and a few other scalp plays. I also scaled out of some more swings that were getting extended on the daily and were sitting in some nice profit.

Morning movers and other stocks that caught my eye

$ZOOM is Zooming had pr would not chase, $ROSG pr pop and flopper so do not chase it, $ROX penny play kind of hot daily SA article, $SCON hot daily potential continuation, $SRPT pr nice daily gap fill possible, $AMCC fast money mention 200 ma bounce on daily, $FREE continuation?, $ELX hot daily, $RIBT very thin but interesting daily, $WYY looking pretty hot, $LIME thin one pr

Keep an eye on Shippers and rare earth plays 

Seeking Alpha
Today's Markets:
In Asia, Japan -0.4% to 15747.2. Hong Kong +0.4% to 22986. China flat at 2024. India -0.1% to 21265.
In Europe, at midday, London +0.1%. Paris -0.1%. Frankfurt -0.1%.
Futures at 6:20: Dow -0.1%. S&P -0.1%. Nasdaq +0.1%. Crude +0.4% to $94.54. Gold -0.1% to $1236.80.
Ten-year Treasury Yield -1 bps to 2.89%.
Notable earnings after today's close: ASBCAXPCOFINTCOZRKPBCTSLMSWKS

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Good luck trading today !!