Tuesday, March 4, 2014

Be prepared


Good morning folks,
Fortunately, it looks as though the tension in Ukraine has begun to scale back and the markets are reacting positively. Its hard to deny the strength in the markets, even yesterday with all the tension the markets help up fairly well.

 I only took a few trades yesterday since I felt the headline risks were too great and I decided to take a cautious approach. The trades I took had a very tight leash and the share size was reduced. I took a trade in $TVIX as a hedge and sold it right at the end of the day for a decent gain. $PLUG had a very strong day giving several opportunities to take a few scalp trades.

You don't have to knock it out of the park every single day. Yesterday wasn't a home-run for me but it was a nice base hit. I will continue to trade with a fair amount of caution even though the markets are gapping up. Gap up days are typically my most challenging days to trade. 

Morning movers and other stocks on my radar

$VIPS earnings I wouldn't chase it, $FCEL $PLUG $BLDP all gapping up let them settle, $JCP continuation, $GTAT has been very strong looks like it wants more,$KNDI strong prmarket, $OXBT pr 20 day bounce very active premarket wait for a setup, $OPK earnings, $CDTI gapping careful it tends to pop and flop, $NQ looking strong, $DANG continuation?, $YOD sitting right on top of the 20 day, $LMT 20 day bounce good sector, $CHTP filled the gap  now sitting on the 20 day low volume puillback, $ETRM nice daily, $UQM active premarket nice daily, $DVAX pr 2 dolla holla 


Seeking Alpha
Today's Markets:
In Asia, Japan +0.5% to 14721. Hong Kong +0.7% to 22658. China +0.2%to 2071. India +1.3% to 21210.
In Europe, at midday, London +1.4%. Paris +2.4%. Frankfurt +1.8%.
Futures at 6:20: Dow +1%. S&P +1.1%. Nasdaq +1%. Crude -1.3% to $103.56. Gold -0.9% to $1338.20.
Ten-year Treasury Yield +5 bps at 2.66%
Today's economic calendar:
7:45 ICSC Retail Store Sales
8:55 Redbook Chain Store Sales
Notable earnings before today's open: AZOBNSBRLIGTIVGTXIINSY,MCGCOXFRIGLRSHTSL
Notable earnings after today's close: ABMALDWAVAVBOBEBVCKEC,DVRGTYHCIIRGMCEPNYMTSWHCYY
Good luck Trading Today !!

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