Good morning,
The markets look like they may be taking a breather today and that wouldn't necessarily be a bad thing. A lot of people out here are not sold but the strength of this rally and its understandable. The problem is trying to pick the top is extremely challenging since markets can stay irrational for a very long time. Just play what is in front of you an manage your risk. It's not about how much you can make on each trade its about how much you might lose. That should always be your primary focus.
Morning movers and other stocks that caught my eye
ACHN continuation, RCPT rippin off pr last night gapper, ONNN pr last night test 50 dma daily, KANG earnings beat extended daily though, MPET continuation, TPLM hot daily active off earnings last night, SPEX premarket mover can be a pop and flopper, ENZ testin 52 week highs earnings last night, AVNR pr could tes 52 week highs, CLSN pr buying a company could get a bounce may not last though, PGNX testing 50 day, TWTR continuation potential gap fill, MEIP hot daily pr, PEIX continuation off pr, ZIXI continuation off yesterdays move
**************** PR means press release******************************
Seeking Alpha
Top Ideas
PCTEL Inc. (PCTI) - new article by Dr. Hugh Akston »
Sanchez Energy (SN) - new article by Richard Zeits »
Qumu Corporation (QUMU) -13.7% since May 27 BuyTheDip SellTheRip article »
Bankers Petroleum (OTCPK:BNKJF) +61.4% since Feb. 4 Dennis Beaudet 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 -0.85% to 14995. Hong Kong +0.86% to 23316. China +1.08% to 2053. India flat at 25584.
In Europe, at midday, London -0.6%. Paris +0.1%. Frankfurt +0.1%.
Futures at 6:20: Dow -0.1%. S&P -0.2%. Nasdaq -0.2%. Crude +0.2% to $104.61. Gold flat at $1253.80.
Ten-year Treasury Yield +1 bps to 2.62%
PCTEL Inc. (PCTI) - new article by Dr. Hugh Akston »
Sanchez Energy (SN) - new article by Richard Zeits »
Qumu Corporation (QUMU) -13.7% since May 27 BuyTheDip SellTheRip article »
Bankers Petroleum (OTCPK:BNKJF) +61.4% since Feb. 4 Dennis Beaudet 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 -0.85% to 14995. Hong Kong +0.86% to 23316. China +1.08% to 2053. India flat at 25584.
In Europe, at midday, London -0.6%. Paris +0.1%. Frankfurt +0.1%.
Futures at 6:20: Dow -0.1%. S&P -0.2%. Nasdaq -0.2%. Crude +0.2% to $104.61. Gold flat at $1253.80.
Ten-year Treasury Yield +1 bps to 2.62%
Today's economic calendar:
7:30 NFIB Small Business Optimism Index
7:45 ICSC Retail Store Sales
8:55 Redbook Chain Store Sales
10:00 Wholesale Trade
10:00 Job Openings and Labor Turnover Survey
1:00 PM Results of $28B, 3-Year Note Auction
7:30 NFIB Small Business Optimism Index
7:45 ICSC Retail Store Sales
8:55 Redbook Chain Store Sales
10:00 Wholesale Trade
10:00 Job Openings and Labor Turnover Survey
1:00 PM Results of $28B, 3-Year Note Auction
Video link for Monday Recap http://www.screencast.com/t/u0KTzA8LYdw
Best of Success!
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