The market has had a few interesting days and thankfully for us it has created a great trading environment. Its still not a breakout and its certainly not a breakdown, we are just consolidating and that should be considered healthy.
I was concerned over the weekend and felt there were some caution flags being raised. I am still not sold as to which direction we will ultimately be heading. It really doesn't matter since I am prepared to capitalize on either outcome.
As I have said 100 million times on this blog (okay, that may be an exaggeration), Its all about the plan and execution, book profits when you have them, keep losses small, always protect your capital, and know your risk reward.
Morning movers and other stocks that caught my eye
$SARA like the daily looking for a break over 1.35 with conviction, $$SGOC already swinging this name love the daily looking for it to take out the 4 dolla holla, $BEAT had a nice BEAT on earnings wait for a setup, $ETRM decent daily, $CTIC pr breaking out premarket, $JCP earnings beat wouldn't chase it, $BALT earnings nice daily, $SCMP nice daily and an earnings beat, $NOAH earnings beat 20 ma bounce, $PSTI nice daily riding the 20 day, $CIMT nice daily earnings beat, $PACB hot daily, $SYMX continuation?, $VPCO thin one like the sector had earnings last night OTC stock, $CDTI like the daily can be a pop and flopper look for pr and volume, $CORT daily kinda interesting, $GFA earnings daily okay needs to get through the moving averages overhead
$TVIX and $TZA on radar as well
Seeking Alpha
Today's Markets:
In Asia, Japan -0.3% to 14923. Hong Kong +1.7% to 22830. China +0.3% to 2047. India +0.65% to 20987.
In Europe, at midday, London -0.8%. Paris -0.9%. Frankfurt -1.5%.
Futures at 6:20: Dow -0.4%. S&P -0.4%. Nasdaq -0.3%. Crude -0.1% to $102.48. Gold +0.4% to $1333.10.
Ten-year Treasury Yield -2 bps to 2.65%
In Asia, Japan -0.3% to 14923. Hong Kong +1.7% to 22830. China +0.3% to 2047. India +0.65% to 20987.
In Europe, at midday, London -0.8%. Paris -0.9%. Frankfurt -1.5%.
Futures at 6:20: Dow -0.4%. S&P -0.4%. Nasdaq -0.3%. Crude -0.1% to $102.48. Gold +0.4% to $1333.10.
Ten-year Treasury Yield -2 bps to 2.65%
Today's economic calendar:
8:30 Durable Goods
8:30 Initial Jobless Claims
9:45 Bloomberg Consumer Comfort Index
10:00 Yellen testimony before Senate Banking Committee
10:30 EIA Natural Gas Inventory
11:00 Kansas City Fed Mfg Survey
1:00 PM Results of $29B, 7-Year Note Auction
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
8:30 Durable Goods
8:30 Initial Jobless Claims
9:45 Bloomberg Consumer Comfort Index
10:00 Yellen testimony before Senate Banking Committee
10:30 EIA Natural Gas Inventory
11:00 Kansas City Fed Mfg Survey
1:00 PM Results of $29B, 7-Year Note Auction
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
Notable earnings before today's open: ACAD, ALKS, AMCX, ANSS, BBEP, BBY, BDBD, CECO, CHS, CIE, CNSL, CQB, CWH, DANG, DATE, DYN, EPL,FIG, FRO, FWLT, GCAP, GTI, HII, IQNT, IRDM, ITC, KSS, LAMR, LKQ, LPI, LTXC, LXU, MYL, NRF, NTI, NTLS, NXTM, OCN, PLL, PQ, RDC, RTI, SFY, SNAK,SRE, SRPT, TD, VAC, VRX, WAC, WEN, WIN, WNR, WPX, YRCW
Notable earnings after today's close: ACAD, AHT, AIRM, AL, ALIM, AMRN, APEI, ARNA, ATLS, AVD, BAGL, BCEI, BID, BIO, CEMP, CHUY, CLNE, CRM,DCO, DECK, ELGX, EPR, EVC, GPS, HALO, HTGC, KBR, KOG, LINE, MDVN, MELI, MENT, MNST, MTZ, NGD, NMBL, NOG, OLED, OVTI, PKT, PODD, REGI,ROST, SD, SFM, SLXP, SPLK, SPNC, SQNM, SWN, TESO, TUMI, UHS, WES, WG, WTR, XTEX, YOKU
Good luck trading today!!
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