Tuesday, October 14, 2014

Grin and Bear It!


EBOLA, DEFLATION, ISIS, SLOWING GERMANY, RUSSIA and UKRAINE TENSIONS, SLOWING CHINA, Falling OIL prices, DATA HACKING BREACH'S, BAD EARNINGS, TECHNICAL DAMAGE, DYSFUNCTIONAL WASHINGTON

Get your attention yet? There is no shortage of things to worry about, it seems like every headline or financial network I watch has something negative to share. The markets have definitely taken a turn that we have not seen for quite a while. We opened up green yesterday only to close at the lows for the day.Typically this is not a good sign and could suggest a bit more pain ahead. However, as I said in the video this weekend this change in the markets will create some tremendous opportunities. 

Be patient, there is nothing wrong with being on the sidelines with a cash position. If there is something out there that you really want to own consider dipping your toe. Don't take a full position> scale your way in. Look for areas of support on the daily chart and set alerts. Once you get an alert  take a look at the overall markets and the chart of the stock you want to own> if its in a freefall then look for the next level of support and try to initiate a position there. This is a long term hold strategy for your swing account or IRA not for a day trade. 

Don't let all the fear and negativity get to you, let it work to your advantage. Put together your wish list of stocks, find your ideal entries and start slowly building your portfolio.

Just Grin and Bear it! 

Stocks on the radar for Day trades, 
CEMI Continuation?, VSR is all over the place this morning, SCMP pr like the daily, NBS pr possible bounce, MNGA pr thin stock already a long term hold but could be  a nice day trade, PURE continuation full disclosure in for a swing started yesterday, FOMX see if it has any follow through, CNET bounce play?,  DARA one dolla holla?, CERS pr 4 dolla roll , FEYE active premarket, 

Don't chase wait for pullbacks to support

JNUG, TZA, TVIX always on my radar 

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Today's Markets:
In Asia, Japan -2.4% to 14937. Hong Kong -0.4% to 23048. China -0.2% to 2359. India -0.1% to 26349.
In Europe, at midday, London -0.5%. Paris -0.9%. Frankfurt -0.7%.
Futures at 6:20: Dow +0.2%. S&P +0.35%. Nasdaq +0.3%. Crude -1% to $84.85. Gold +0.3% to $1233.30.
Ten-year Treasury Yield -8 bps to 2.21%.

Notable earnings before today's open: CDFRGDPZJBHTJNJJPMWFCWWW
Notable earnings after today's close: CSX, INTC, LLTC, OZRK, SURG 

BEST OF SUCCESS!

StockAviator Alert

If you are interested in getting my trades entries and exits REAL TIME for both day trades and swing trades sent to you in email and in text . You can join me @ the Stock Aviator chat room. It is a paid site and if you use this link https://www.stockaviator.com/sign-up/ USE PROMO CODE VegasTrader  your first 30 days will be at a discounted price of $79.90. After your initial 30 days it will be $99.00. I recommend trying out the free 14 day trial.

Chat rooms are great for idea generation and learning the style and strategies of other traders. When you sign up make sure to give me a shout out in the chat room so I know your there.

I encourage people to take their own trades with their own setups, not just blindly following someone into a trade and that includes me. However if you see me take a trade and want to know why I took it and how I came up with my  profit targets and my stop, hit me up and I will email you an explanation after the market close.

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