Good morning,
We will be getting a barrage of economic data today and that usually leads to some choppy action as the markets try to interpret and digest the data. Don't feel like you have to trade if you don't see a really compelling setup. This is a tough market to try and take anticipation trades in since the follow through has been often been disappointing. I have reduced my position sizing and I have very little patience these days.If the trade doesn't work almost immediately from my entry point I am out and moving on. I would rather have a flat trade or even take a small loss then sit on a position and hope it will go my way.
Morning movers and other stocks that caught my eye
GTIV buyout offer but they rejected it so it could have more in it, CLVS pr last night , PVCT possible continuation, PERI continuation bounce off earnings, PTX potential continuation, KNDI active premarket can be a frustrating stock so do not chase , PLUG off of upgrade, GWPH nice daily on Fast money yesterday, GST hot daily more of a grinder, NURO potential bottom bounce play, RNN looks like it wants the dolla holla , ZBB nice daily a little thin, TNK earnings chart a little sloppy, NWBO pr possible continuation, ADMP seeking alpha thin one
Seeking Alpha
Top Ideas
Adamis Pharmaceuticals (ADMP) - new article by Joe Springer »
Caza Oil & Gas (OTC:CAZFF) - new article by Value Digger »
magicJack VocalTec (CALL) -11.3% since Apr. 30 10K Junkie article »
JetBlue Airways (JBLU) +40.5% since Aug. 21 Helix Investment Research article »
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Today's Markets:
In Asia, Japan -0.8% to 14298. Hong Kong +0.7% to 22731. China -1.1% to 2025. Hong Kong +0.7% to 22731.
In Europe, at midday, London flat. Paris -0.3%. Frankfurt flat.
Futures at 6:20: Dow -0.5%. S&P -0.1%. Nasdaq flat. Crude -0.5% to $101.89. Gold -0.2% to $1303.60.
Ten-year Treasury Yield -1 bps at 2.54%.
Adamis Pharmaceuticals (ADMP) - new article by Joe Springer »
Caza Oil & Gas (OTC:CAZFF) - new article by Value Digger »
magicJack VocalTec (CALL) -11.3% since Apr. 30 10K Junkie article »
JetBlue Airways (JBLU) +40.5% since Aug. 21 Helix Investment 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 -0.8% to 14298. Hong Kong +0.7% to 22731. China -1.1% to 2025. Hong Kong +0.7% to 22731.
In Europe, at midday, London flat. Paris -0.3%. Frankfurt flat.
Futures at 6:20: Dow -0.5%. S&P -0.1%. Nasdaq flat. Crude -0.5% to $101.89. Gold -0.2% to $1303.60.
Ten-year Treasury Yield -1 bps at 2.54%.
Today's economic calendar:
8:30 Empire State Mfg Survey
8:30 Consumer Price Index
8:30 Initial Jobless Claims
9:00 Treasury International Capital
9:15 Industrial Production
9:45 Bloomberg Consumer Comfort Index
10:00 Philly Fed Business Outlook
10:00 NAHB Housing Market Index
10:00 E-Commerce Retail Sales
10:30 EIA Natural Gas Inventory
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
6:10 PM Janet Yellen speech
8:30 Empire State Mfg Survey
8:30 Consumer Price Index
8:30 Initial Jobless Claims
9:00 Treasury International Capital
9:15 Industrial Production
9:45 Bloomberg Consumer Comfort Index
10:00 Philly Fed Business Outlook
10:00 NAHB Housing Market Index
10:00 E-Commerce Retail Sales
10:30 EIA Natural Gas Inventory
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
6:10 PM Janet Yellen speech
Notable earnings before today's open: AAP, ACAT, ATK, CA, CAE,DANG, FLO, KSS, MANU, MEA, PERI, SFXE, TK, WMT
Link for yesterdays market recap http://www.screencast.com/t/0ABL3zk1
Best of Success!!
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