Hey there folks,
So if you watched the market recap video on Monday you would have heard and seen me mention PLUG and BLDP. They turned out to be great plays yesterday. I took them prior to the fed and then after the fed. I also had trade in MEIL that failed to follow through so I cut losses quickly and never looked back.
The Market indexes still look as though they could have more in them to the upside but I would not be entirely surprised if we chopped around a bit or had a small pullback. I noticed going through my scans that there were several gold and silver mining plays that appear to be heading higher. That sector could be one to continue to have on your radar. BLDP and PLUG look like they could possibly continue but I would try to get them on a pullback to support.
Morning movers and othe stocks that caught my eye
BBRY earnings active premarket, HMY possible bounce play, STEM pr active premarket can be a pop and flopper be careful, AUY ANV active premarket, FCX had a nice break yesterday off Moving averages more of a swing, NOR love the daily, GERN ready for more after consolidation?, DRWI on radar for 200 break, GALE ready to continue?
Seekig Alpha
Top Ideas
Dominion Resources Black Warrior Trust (DOM) - new article by The Forensic Accountant »
MeadWestvaco (MWV) - new article by Alpha Gen Capital »
Career Education Corp. (CECO) +14.1% since Jun. 9 BuyTheDip SellTheRip article »
Chesapeake Lodging Trust (CHSP) +44.6% since Jul. 5 Dane Bowler article »
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Today's Markets:
In Asia, Japan +1.6% to 15361. Hong Kong -0.1% to 23168. China -1.6% to 2024. India -0.2% to 25202.
In Europe, at midday, London +0.8%. Paris +0.9%. Frankfurt +0.8%.
Futures at 6:20: Dow flat. S&P flat. Nasdaq +0.1%. Crude +0.3% to $106.24. Gold +0.7% to $1281.90.
Ten-year Treasury Yield -1 bps to 2.58%
Dominion Resources Black Warrior Trust (DOM) - new article by The Forensic Accountant »
MeadWestvaco (MWV) - new article by Alpha Gen Capital »
Career Education Corp. (CECO) +14.1% since Jun. 9 BuyTheDip SellTheRip article »
Chesapeake Lodging Trust (CHSP) +44.6% since Jul. 5 Dane Bowler 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 +1.6% to 15361. Hong Kong -0.1% to 23168. China -1.6% to 2024. India -0.2% to 25202.
In Europe, at midday, London +0.8%. Paris +0.9%. Frankfurt +0.8%.
Futures at 6:20: Dow flat. S&P flat. Nasdaq +0.1%. Crude +0.3% to $106.24. Gold +0.7% to $1281.90.
Ten-year Treasury Yield -1 bps to 2.58%
Today's economic calendar:
8:30 Initial Jobless Claims
9:45 Bloomberg Consumer Comfort Index
10:00 Philly Fed Business Outlook
10:00 Leading Indicators
10:30 EIA Natural Gas Inventory
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
8:30 Initial Jobless Claims
9:45 Bloomberg Consumer Comfort Index
10:00 Philly Fed Business Outlook
10:00 Leading Indicators
10:30 EIA Natural Gas Inventory
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
Best of Success!!
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