Good morning folks,
If you watched my video this weekend you may have noticed a hint of pessimism. That was my interpretation of what I saw as I went through my scans. The markets are dynamic and my opinion could very well change by the end of this week. For now I continue to be very cautious limiting my overnight exposure.
The market doesn't have to have a sharp decline or a sharp increase, it could digest the huge run it has had through time. In that scenario we would be looking at choppy directionless action which can be frustrating for momentum traders. There has been a good amount of of merger and acquisition activity lately and that could be a good thing for the markets. Look for sympathy plays, companies that could benefit or be hurt from a merger.
Morning movers and other stocks that caught my eye
STEM pr careful can be a pop and flopper 200 day cross, SIFY nice daily another pop and flopper, INFU nice daily very thin, RUSL active premarket, ZNGA active premarket potential sympathy move off GOOG news,GSAT nice daily, SD like the daily possible 50 day bounce off Zacks mention, ITMN pr this weekend nice daily, IDTI moving average bounce
TZA TVIX UVXY FAZ SDS on my radar
Seeking Alpha
Top Ideas
Flextronics International (FLEX) - new article by Helix Investment Management »
QuickLogic (QUIK) - new article by Brian Coleman »
Greenhill & Co. (GHL) -12.5% since Feb. 24 Ashleigh Rogers article »
ExOne (XONE) -42.4% since Jun. 4 Brian Smith Jr. article »
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Today's Markets:
In Asia, Japan -0.6% to 14006. Hong Kong flat at 22705. China -1.05% to 2005. India +0.9% to 24347.
In Europe, at midday, London -0.6%. Paris -0.4%. Frankfurt -0.6%.
Futures at 6:20: Dow -0.4%. S&P -0.4%. Nasdaq -0.4%. Crude +0.6% to $102.67. Gold +0.6% to $1301.
Ten-year Treasury Yield -2 bps to 2.51%.
Flextronics International (FLEX) - new article by Helix Investment Management »
QuickLogic (QUIK) - new article by Brian Coleman »
Greenhill & Co. (GHL) -12.5% since Feb. 24 Ashleigh Rogers article »
ExOne (XONE) -42.4% since Jun. 4 Brian Smith Jr. 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 -0.6% to 14006. Hong Kong flat at 22705. China -1.05% to 2005. India +0.9% to 24347.
In Europe, at midday, London -0.6%. Paris -0.4%. Frankfurt -0.6%.
Futures at 6:20: Dow -0.4%. S&P -0.4%. Nasdaq -0.4%. Crude +0.6% to $102.67. Gold +0.6% to $1301.
Ten-year Treasury Yield -2 bps to 2.51%.
Today's economic calendar:
No events scheduled.
No events scheduled.
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