Good morning folks,
Yesterday was one of those rare days where I didn't have a single losing trade. It wasn't that amazing really since everything seemed to be going up. It is normally never that easy for me though, I almost always have two or three losers a day. Yesterday was too easy and I know better than to think it was due to my superior intellect or that I have found the magic formula. Yesterday was a fluke and I know the market will humble me again. Persistence is the key, establishing a plan for each trade and being disciplined enough to stick to that plan regardless of win or loss.
I would not be surprised if we get some type of pullback today. We are approaching areas of resistance on several of the indexes. I thought this would be a good week but I didn't think we would go straight up, it would be good to have a little consolidation here. We could keep running, but the further we run the more concerned I will become about there being a sharp correction. Stay nimble and be prepared for anything.
Morning movers and other stocks that caught my eyes
HERO earnings decent daily, ATRM gapper off pr, SPPI big short interest pr could be a runner but can also be a pop and flopper so be careful, SYN pr wouldnt chase it, NYNY pr a little extended on the daily, SMCI earnings beat, SVU earnings look for 7 dolla holla break with conviction, SANM nice daily earnings gapper,
Airline stocks seem to be in play UAL LUV DAL AAL watch JBLU
Keep an eye on Solars as well
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Lumos Networks (LMOS) - new article by John Leonard »
Ascent Capital (ASCMA) - new article by Rajiv Bhatia »
Mincor Resources (OTCPK:MCRZF) +61.4% since Jan. 29 Itinerant article »
Janus Capital Group (JNS) +41.4% since Aug. 23 Ariana Research article »
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Today's Markets:
In Asia, Japan +1.1% to 14546. Hong Kong -1% to 22510. China -0.3% to 2067. India +0.5% to 22877.
In Europe, at midday, London -0.1%. Paris -0.4%. Frankfurt -0.3%.
Futures at 6:20: Dow flat. S&P -0.1%. Nasdaq -0.2%. Crude -0.4% to $101.33. Gold -0.3% to $1286.10.
Ten-year Treasury Yield -1 bps to 2.71%.
Lumos Networks (LMOS) - new article by John Leonard »
Ascent Capital (ASCMA) - new article by Rajiv Bhatia »
Mincor Resources (OTCPK:MCRZF) +61.4% since Jan. 29 Itinerant article »
Janus Capital Group (JNS) +41.4% since Aug. 23 Ariana Research 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 +1.1% to 14546. Hong Kong -1% to 22510. China -0.3% to 2067. India +0.5% to 22877.
In Europe, at midday, London -0.1%. Paris -0.4%. Frankfurt -0.3%.
Futures at 6:20: Dow flat. S&P -0.1%. Nasdaq -0.2%. Crude -0.4% to $101.33. Gold -0.3% to $1286.10.
Ten-year Treasury Yield -1 bps to 2.71%.
Today's economic calendar:
7:00 MBA Mortgage Applications
9:00 PMI Manufacturing Index Flash
10:00 New Home Sales
10:30 EIA Petroleum Inventories
1:00 PM Results of $35B, 5-Year Note Auction
7:00 MBA Mortgage Applications
9:00 PMI Manufacturing Index Flash
10:00 New Home Sales
10:30 EIA Petroleum Inventories
1:00 PM Results of $35B, 5-Year Note Auction
Notable earnings before today's open: ABG, AMTD, APD, APH, ARMH,AVY, BA, BABY, BCC, BEAV, BIIB, BPOP, CFR, CLS, DAL, DOW, DPS,EAT, EMC, ENTG, ERIC, EVR, FDML, GCI, GD, GNTX, GRA, HERO, IR,JAKK, JCI, KNX, LECO, MAN, MDCO, MKTX, MTH, NEO, NOC, NOR, NS,NSC, OC, OCR, PB, PG, PII, PX, R, RAI, RES, SEIC, SIX, SVU, TDY, TEL,TMO, TUP, WAB
Notable earnings after today's close: AAPL, AHL, AIZ, ALGN, ALGT,ANGI, ASGN, AVB, AWH, BRKL, CAKE, CBI, CCI, CHDN, CLB, CLW,CSGP, CTXS, EFX, ELY, ETFC, FB, FFIV, FIO, FLS, FNB, FOE, FR, FTNT,GGG, GHL, GRT, HAWK, IM, INFN, KALU, KFN, LOGI, LPLA, LRCX, MKSI,NEU, NOW, NXPI, OII, ORLY, PEI, PLCM, QCOM, QDEL, RE, RHI, RJF,RMD, SCI, SFG, SLG, SPNC, SUSQ, SWY, SXC, SYA, SYK, TAL, TCBI,TER, TILE, TQNT, TSCO, TXN, TYL, USTR,
Best of Success!!!
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