Hey folks
After going through all my scans I feel as though there might be something more than meets the eye going on in the markets. This weeks video I go over my take on the market a list of potential day trade stocks on bounce days and some potential swing candidates.
My general opinion is as Mr T would say
It just feels like more pain may be on the way so caution is advised. This doesn't mean we cant have some powerful bounce day's for some decent day trades. One thing is certain I will not be going heavy into swing positions. I am getting my shopping cart out, cruising down the isles looking for deals and I may nibble a little bit but I wont be loading up the cart aggressively.
Morning movers and other stocks that caught my eye
Banks are looking pretty good off C earnings that could be good for the markets but I still wouldn't be chasing anything. This could be that bounce I talked about in the video and it will give some nice day trades but for now the market is guilty till proven innocent and caution is still advised.
LXRX pr nice daily looking to clear 2 dolla holla with strength don't chase it, IPCI pr looking for 4 dolla holla, SCTY bounce play, BAC bounce play more of a swing, C was pretty beaten down could have a nice move, KNDI bouncing a bit, AKBA recent IPO gettin Jiggy, GTAT bounce play
Seeking Alpha
Top Ideas
Nexstar Broadcasting (NXST) - new article by Johannes Salim »
Zygo (ZIGO) +26.2% since Mar. 7 Nassarius Capital article »
Cresud (CRESY) +44.8% since Jul. 9 Stephen Simpson, CFA article »
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Today's Markets:
In Asia, Japan -0.4% to 13910. Hong Kong +0.1% to 23039. China +0.05% to 2132. India closed.
In Europe, at midday, London -1.8%. Paris -0.7%. Frankfurt -0.8%.
Futures at 6:20: Dow -0.2%. S&P -0.2%. Nasdaq -0.3%. Crude -0.2% to $103.50. Gold +0.4% to $1324.70.
Ten-year Treasury Yield + 1bps to 2.63%.
Nexstar Broadcasting (NXST) - new article by Johannes Salim »
Zygo (ZIGO) +26.2% since Mar. 7 Nassarius Capital article »
Cresud (CRESY) +44.8% since Jul. 9 Stephen Simpson, CFA article »
SA PRO subscribers get an early look at Top Ideas and access to the SA PRO research library. Learn about SA PRO »
Today's Markets:
In Asia, Japan -0.4% to 13910. Hong Kong +0.1% to 23039. China +0.05% to 2132. India closed.
In Europe, at midday, London -1.8%. Paris -0.7%. Frankfurt -0.8%.
Futures at 6:20: Dow -0.2%. S&P -0.2%. Nasdaq -0.3%. Crude -0.2% to $103.50. Gold +0.4% to $1324.70.
Ten-year Treasury Yield + 1bps to 2.63%.
http://www.screencast.com/t/9Omm11Y9v5
Stocks highlighted
Day Trade Radar
CPE, RMBS, HPJ, PLUG, PTN, PTX, ELP, MOBI, WIT, RDNT, ALIM, BALT, FCEL, REGI, PXLW, PPHM, YOD
Swing Radar
MITK, KEG, HK, PKD, RGDX, WYY, MWA, MVIS, AMH, MEET, GIG, WRES, ARAY, AAV, NAVB, PQ, ARNA, DSCO, F, OTIV, UPIP
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