Good morning folks I have to admit the link below is not normally my type of music. I am more of a rock and roll kinda guy but a good friend sent this to me and it has great message enjoy your day and Be HAPPY!
http://www.youtube.com/watch?v=y6Sxv-sUYtM&sns=em
Yesterday was a tricky day for me with just a few scalp trades in SPCB, NWBO and UPIP that weren't exactly home runs but they were fairly decent scalps. The markets actually appear to be oversold and potentially due for a bounce. At one point yesterday it looked as thought were were getting ready to roll over and take out some important support levels. However the IBB bounced back to close green on the day,m the IWM managed to bounce off the bottom of the day and close above former price resistance. It still remains below its 50 day which will now act as a ceiling of sorts. The SP 500 remains above the 50 day which is also a good sign. We are not out of the woods yet but it does appear as though someone wants to defend equities here at least temporarily. The good news is we have another earnings season coming up just around the corner in a couple of weeks. I am still in cash preservation mode with very few swings but I have started dipping my toe in a few here and there like BAC TASR SWSH and SIRI. WYY is on my radar for an add if i get to the 1.45 or below range. There could be some really nice bounce plays today.
Morning movers and other stocks that caught my eye
IDRA snap back play with pr gonna be a gappper don't chase it, EXAS pr yesterday, ARIA active premarket already a long term hold for me but may look to DT it If it can take out 8.50 with conviction it could get really fun however it is active off of a rumor, BBRY better than expected loss on earnings bounce off 200 day but lots of resistance overhead, NPD earnings this morning possible bounce off 50 day, MNDL earnings hot daily thin one, HALO 20 day ma Bounce?, KNDI bounce play off the 50?, CHCI earnings nice daily, MNKD active premarket
Seeking Alpha
Today's Markets:
In Asia, Japan +0.7% to 14696. Hong Kong +1.1% to 22066. Shanghai -0.2% to 2042. India +0.2% to 22266.
In Europe, at midday, London +0.6%. Paris +0.6%. Frankfurt +1%.
Futures at 6:20: Dow +0.3%. S&P +0.4%. Nasdaq +0.5%. Crude +0.5% at $101.83. Gold +0.1% to $1296.
Ten-year Treasury Yield up 2 basis points at 2.72%.
In Asia, Japan +0.7% to 14696. Hong Kong +1.1% to 22066. Shanghai -0.2% to 2042. India +0.2% to 22266.
In Europe, at midday, London +0.6%. Paris +0.6%. Frankfurt +1%.
Futures at 6:20: Dow +0.3%. S&P +0.4%. Nasdaq +0.5%. Crude +0.5% at $101.83. Gold +0.1% to $1296.
Ten-year Treasury Yield up 2 basis points at 2.72%.
Friday's economic calendar:
8:30 Personal Income and Outlays
9:55 Reuters/UofM Consumer Sentiment
1:15 PM Fed's George: Economic Outlook
3:00 PM USDA Ag. Prices
Best of Success Always!!
8:30 Personal Income and Outlays
9:55 Reuters/UofM Consumer Sentiment
1:15 PM Fed's George: Economic Outlook
3:00 PM USDA Ag. Prices
No comments:
Post a Comment